Taxes – State and Local Business Taxes

This report is focused on major state and local taxes and fees that may be applicable to businesses in Fairfax County. Also included is a comparison of tax rates in major jurisdictions in the Washington, D.C., region.

Some quick tax facts about Fairfax County, Virginia

  • The county’s real property tax rate of $1.150 per $100 of assessed value has declined 34 percent since 1978
  • Virginia is ranked the sixth lowest corporate tax state in the nation by the Tax Foundation
  • Virginia allows a number of credits against corporate income tax including those for investment, recycling, worker training and research

Want more facts about business taxes and fees? Download our fact sheet!