Business Tangible Personal Property Tax
All businesses located in the City of Charlottesville are required to file an itemized list of all property utilized in the business as of January 1st of each year. Filing is due no later than March 15th. The tax is split into two installments due on June 5th and December 5th.
- List all property used to operate your business. (Computers, furniture, fixtures, equipment, tools, etc...)
- Include the original cost of each item and date purchased.
- Fully depreciated assets at the federal level must still be reported.
- Reported disposals occur in the year in which the assets were acquired.
- A statutory assessment will be levied if no filing is received or if inadequate explanation is provided on how the business operates without assets.
Machinery & Tools Tax
All manufacturers located in the City of Charlottesville are required to file an itemized list of all equipment utilized in the manufacturing process as of January 1st of each year. Filing is due no later than March 15th. The tax is split into two installments due on June 5th and December 5th.
- List all equipment utilized in the manufacturing process.
- Include the original cost of each item and date purchased.
- Fully depreciated assets at the federal level must still be reported.
- Reported disposals occur in the year in which the assets were acquired.
- A statutory assessment will be levied if no filing is received or if inadequate explanation is provided on how the business operates without assets.
New Business
- See Business License Tax Page
Renewal – Existing Business
Beginning with the 2026 license cycle, the City of Charlottesville is transitioning over to a paperless renewal process.
An asset schedule is required with filling – Example Fixed Asset / Leased Equipment Schedule
Business Tax Portal
- Mailing zip code
- Account #
- SSN / EIN (No Dash)
If necessary, you may complete a Return of Business Tangible Personal Property or Machinery and Tools and mail with asset listing to:
Charlottesville Commissioner of the Revenue
P.O. Box 2964
Charlottesville, VA 22902
Assessment
Tax Rate – 4.4%
Total Assessed Value X Tax Rate = Tax Owed
1st Half – Due June 5th / 2nd Half – Due December 5th.
Business Tangible Property / Machinery & Tools are not subject to proration. All property is taxed for the entire year even if it is sold, disposed of, moved out of the City after January 1st of each year.
| 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 |
Questions
For further information regarding Business Tangible Property or Machinery & Tools, call 434-970-3170 or citycorbiz@charlottesville.gov .