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New Kent County, Virginia

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Commissioner of Revenue
Business Property
General Information
The Commissioner of Revenue is responsible for the assessment of tangible business property. Business property includes, but is not limited to, fixtures, furniture, equipment and machinery & tools. Businesses are assessed based on the property owned as of January 1 of each tax year. We utilize the purchase price and acquisition date along with the chart below to assess business property.

Business Property Assessment Schedule
Business Furnishings & Equipment
1-3 years:  55%
4-6 years:  30%
7 & older:  10%

Business Computers
1 year:  60%
2 years:  35%
3-4 years:  10%
Obsolete (determined by Commissioner):  0%

Machinery & Tools
1-3 years:  35%
4-6 years:  30%
7-10 years:  25%
11 & older:  20%
Idle:  Non-Taxable

Cablevision, Direct TV & Delivery equip, feeder cable, Satellite Antennae, dish, etc.
1-3 years:  65%
4-6 years:  45%
7 & Older:  25%

Additional Information
  • Applications & Tax Forms - This page contains the Tangible Business Property Returns that are due by May 1 of each tax year.
  • Tax Rates - Current business property and machinery & tool tax rates are found on this page.


Contact Us
Laura M. Ecimovic
Commissioner of Revenue

Hours of Operation
Office Hours
Monday - Friday
8:00 am - 4:15 pm

DMV Select Hours
Monday - Friday
8:00 am - 4:00 pm

Contact Information
12007 Courthouse Cir.
Room 202
P.O. Box 99
New Kent, VA 23124

Personal Property
Ph: (804) 966-9610
Fax: (804) 966-5562
Email