Lexington, VA
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Business License Tax
All businesses located in the City of Lexington are required to obtain a license. The business license fee is based on gross receipts. To learn more about opening a business in Lexington, please see our Business Brochure and Business License Application.
The following schedule is utilized to determine the amount of the business license tax. Payments are made at the Treasurer's Office in City Hall.
| Business Type | Tax Rate |
|---|---|
| Contractor (general contractors and subcontractors that do not maintain an office in Lexington are required to pay the license tax based upon gross contracts in the city when the total of contracts exceed $25,000) | $30 or $0.16 per $100 (whichever is greater) |
| Retail Merchant | $30 or $0.20 per $100 of gross receipts (whichever is greater) |
| Wholesale Merchant | $0.05 per $100 of gross wholesale purchases used for wholesale sales |
| Business / Personal / Repair Service | $30 or $0.36 per $100 of gross receipts (whichever is greater) |
| Financial / Real Estate / Professional Service | $30 or $0.58 per $100 of gross receipts (whichever is greater) |
| Itinerant Merchants or Peddlers – Selling food and/or drink from truck, food trailer or food cart | $300 per year |
| Itinerant Merchants or Peddlers – Selling ice cream or frozen items operating exclusively from a marked or motor vehicle | $50 per year or $0.20 per $100 of gross sales (whichever is greater) |
| Itinerant Merchants or Peddlers – All others | $500 per year |
| Utility | Half of 1% of gross receipts from businesses in Lexington |
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