City of Suffolk Virginia, Department of Economic Development provides site location, business consultation, and marketing research assistance to new and expanding companies.
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City of Suffolk Virginia is a fast growing community located in the Hampton Roads metro area (Norfolk-Virginia Beach). Suffolk is strategically located between Virginia Beach and Williamsburg, within minutes of Virginia Port Authority facilities, providing easy connections to major highways and railroads. Suffolk is home to the U.S. Joint Forces Command and is know worldwide as a major center for modeling and simulation as well as food processing and distribution.

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City Profile


Tax Rates

State
Corporate Income 6%
Personal Income 5.75%
Retail Sales 5%
Meals 6.5%

Local Real Estate Tax per $100 of assessed value
City Wide $0.97
Downtown Business District $1.041
Route 17 District $1.23

Business Property
$4.25 per $100 original cost @ 20% Effective rate of
$0.85/$100

Machinery & Tools $3.15 per $100 original cost
1-5 years old @ 20% Effective rate of
$0.63/$100
6+ years old @ 10% Effective rate of
$0.315/$100

Utilities (on first $10,000)
Phone 13% of charge, not to exceed $1300 per month
Gas

$1.67 + $0.08904 per 100 cu.ft., not to exceed $1300 per month

Electric

Commercial: $1.49 + $0.007722 per kwh, not to exceed $1300 per month

Industrial: $1.49 + $0.008283 per kwh, not to exceed $1300 per month

Water none

Business Licenses If gross receipts are greater than $100,000
Retail $.20/$100
Wholesale $.09/$100
Manufacturers exempt


Related Links
City Treasurer: www.suffolk.va.us/trsr/index.html
City Assessor: www.suffolk.va.us/assessor/index.html
Commissioner of Revenue: www.suffolk.va.us/comrev/index.html


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