Machinery & Tools Tax

All manufacturers located in the City of Lynchburg are required to file an itemized list of equipment utilized in the manufacturing process as of January 1 of the current year. This list must be filed with the Commissioner of the Revenue on or before February 15 each year. If this requirement is not met, a 10% or 10 dollar penalty (whichever is greater) will be assessed. Manufacturers who have previously filed will receive a pre-printed card containing the previous year's information.

Equipment is assessed in the following manner:

  • Age/Assessment Ratio:
    • 1 to 5 years: 30% of cost
    • Over 5 years: 25.35% of cost
  • The tax rate is $3 per $100 of assessed value
  • The machinery and tools tax will be billed in two installments. The first installment will be mailed May 1 and will be due June 5. The second installment will be mailed November 1 and will be due December 5.

The Machinery and Tools Tax Return (PDF) may be emailed to the Commissioner of the Revenue.

For further information regarding Machinery and Tools Tax, call 434-455-3880.