Machinery and Tools & Merchant's Capital Tax

Machinery and Tools

All manufacturers located in Pittsylvania County are required to file an itemized listing (including fully depreciated or expensed items) of all equipment utilized in the manufacturing process as of January 1 of the tax year. Machinery and tools are assessed at 10% of original capitalized cost and the tax rate set by the Board of Supervisors is $4.50 per $100 assessed value.

Merchant’s Capital 

Merchant's Capital is defined as the cost of the merchant’s inventory of stock on hand as of January 1st for the taxable year at hand. Merchants’ capital is assessed at the following tiers: 30% of the original cost of $1 to $1,000,000; 10% of original cost $1,000,001 to $5,000,000; and 5% of original cost $5,000,001 to unlimited. The tax rate set by the Board of Supervisors is $2.75 per $100 of assessed value.