Taxes

Culpeper County Taxes

An advantage for Culpeper businesses is our tax structure. We charge the lowest regional real estate tax. We have an aggressive deprecitation cycle for our Machinery and Tools and Business Personal Property taxes. We do not have a BPOL (business license) or a Merchant’s Capital taxes.



Our aggressive depreciation cycle helps the business community.

Machinery & Tools Depreciation

  • Year 1: 70% of original cost
  • Year 2: 60% of original cost
  • Year 3: 50% of original cost
  • Year 4: 40% of original cost
  • Year 5: 30% of original cost
  • Year 6+ 20% of original cost

Formula:
Original cost x Depreciation value (see above) ÷ 100 x 2.00

Business Personal Property Depreciation

  • Year 1: 70% of original cost
  • Year 2: 60% of original cost
  • Year 3: 50% of original cost
  • Year 4: 40% of original cost
  • Year 5: 30% of original cost
  • Year 6+ 20% of original cost

Formula:
Original cost x Depreciation value (see above) ÷ 100 x 3.50

Computer Equipment

  • Year 1: 65% of original cost
  • Year 2: 50% of original cost
  • Year 3: 40% of original cost
  • Year 4: 30% of original cost
  • Year 5+: 20% of original cost

Formula:
Original cost x Depreciation value (see above) ÷ 100 x 3.50


Town of Culpeper Taxes

Businesses located within the corporate limits of the Town of Culpeper pay taxes to both the Town and County. Learn more about the Town’s tax structure.