The Commonwealth of Virginia’s corporate income tax rate of 6% has not been increased since 1972. Localities in Virginia collect a 1% sales tax. They do not tax other items taxed at the State level.
Counties and cities in Virginia are separate taxing entities. Therefore, a company pays taxes to either a county or to a city. If a company is located in a town, it pays town and county taxes except for utility taxes which are paid only to the town and the license tax which is paid only to the town unless town law permits the additional collection of a county tax.