Roanoke Area Tax Information Virginia Individual Income Tax Rates: Less than $3,000 2% of federal adjusted gross income* $3,000 - $5,000 $60 + 3% of excess over $3,000 $5,000 - $17,000 $120 + 5% of excess over $5,000 more than $17,000 $720 + 5.75% of excess over $17,000 with exemptions of $800 each and applicable modifications Sales Tax: Sales tax in Virginia is 4.5% (excluding prescription medicine) and 4% meals tax on prepared food in most localities in the area.Property Tax: Taxes on real estate and tangible personal property are levied and collected by local authorities. All real estate assessments are made at 1.00% of the market value. Each municipality uses a different assessment for personal property. Roanoke City $1.23* $3.45 (540) 981-2523 Salem City $1.18* $3.20 (540) 375-3024 Roanoke County $1.13* $3.50 (540) 772-2046 Vinton $1.18* $4.50 (540) 983-0608 Botetourt County $ .75* $1.80 (540) 992-8205   *Per $1 00 of Assessed Value  *Information provided by the Roanoke Regional Chamber of Commerce  Contact Us About Your Real Estate Needs! Career Opportunities at Gwyn & Harmon