Our Taxpayer Receipt provides an estimate of the annual Real Estate and Sales Tax you pay to the City of Newport News and presents an allocation of these amounts to the services and programs funded by your tax payments. Both the Taxpayer Receipt and Budget Simulator include only revenue paid into to the City’s General Fund. Methodology: Real Estate Tax is calculated using the $1.18 Real Estate tax rate applied to the assessed value of your home (rate applied per $100 of assessed value). Sales Tax (1% local share) is estimated based on the local portion of your annual purchases of goods and services. These purchases are projected using income and age data from the Bureau of Labor Statistics’ Consumer Expenditure Survey.

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