Machinery and Tools Tax
All manufacturers located in the City of Charlottesville are required to file an itemized list of equipment utilized in the manufacturing process as of January 1 of the current year. This list must be filed with the Commissioner of the Revenue on or before January 31 each year. Failure to do so will result in a machinery and tools assessment being made based on the best information available (58.1 -3519 Code of VA). Manufacturers who have previously filed will receive a pre-printed return containing the previous year's information.
Equipment is assessed in the following manner:
| Age | Assessment Ratio |
| 1 year old | 25% of cost |
| 2 years old | 22.5% of cost |
| 3 years old | 20% of cost |
| 4 years old | 17.5% of cost |
| 5 years old | 15% of cost |
| 6 years old | 12.5% of cost |
| 7 years old and older | 10% of cost |
• The tax rate is $4.20 per $100 of assessed value
• The machinery and tools tax will be billed in two installments. The first installment will be due June 5. The second installment will be due December 5.
The Return of Machinery & Tools may be printed and mailed to the Commissioner’s office at:
- Charlottesville Commissioner of the Revenue
- P.O. Box 2964
- Charlottesville, VA 22902
Don't forget to include an asset list with your return. Feel free to use this Sample Fixed Asset / Leased Equipment Schedule.
For further information regarding Machinery and Tools tax, call 434-970-3170 or email citycorbiz@charlottesville.org.
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