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Cost of Living Index, ACCRA
Cost of Living Index, Monstermoving.com
Taxes (Paid by Individuals)
TAXES PAID (BY INDIVIDUALS)
State income tax
5.75% (top rate)
Municipal income tax
None
Real property tax
$1.10/$100 assessed value
Personal property tax (vehicles* and boats)
$4.25/$100 book value
Sales tax
5.0%
Meals tax
6.5% (plus sales tax)
* The personal property tax on vehicles assessed at less than $25,000 is reduced by 70%.
Source: City of Newport News, Department of Development
Updated 05.16.07
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