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Cost of Doing Business

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Augusta County offers a competitive climate for business. Our labor costs trend below the national average, we enjoy low and stable tax rates, and offer a relatively lower cost of living.

Augusta County Tax Rates

Category Tax per $100 Tax per $1000
Real Property $0.63 $6.30
Machinery and Tools $2.00 (20% assessment ratio)=$0.40 $20.00 (20% assessment ratio)=$4.00
Personal Property $2.50 $25.00

Utilities

Augusta County’s low utility rates allow your business to invest more into day-to-day operations.

 

Electricity

Dominion Energy and Shenandoah Valley Electric Cooperative offer low rates, reliable service, and commercial support.

Gas

Columbia Gas of Virginia provides natural gas to users in Augusta County.

Fiber

Numerous providers including Verizon, Lumos, and MGW, among others, connect Augusta County sites and businesses with fiber. Redundant fiber is available on many sites.

Water / Wastewater

The Augusta Water provides public water and sewer for your business including:

  • Ample, clean water (Water quality report)
  • Reasonable wastewater pre-treatment requirements
  • Systems and treatment plants to accommodate large water and wastewater treatment needs

Cost of Living Index (First Quarter 2019)

Metro/Micro
Urban Area
and State
100% Composite Index 13.40% Grocery Items 29.34% Housing 8.94% Utilities 9.22% Trans. 4.26% Health Care 34.84% Misc. Goods and Services
Harrisonburg Metro, Harrisonburg, VA 95.8 96.0 92.1 100.9 84.3 104.3 99.4
Staunton-Waynesboro VA Micro Staunton-Augusta Co. VA 96.1 90.0 92.1 108.4 91.0 93.2 100.4
NonMetro US Lexington-Buena Vista – Rockbridge VA 93.4 86.2 85.9 102.1 86.3 98.9 101.5
Charlottesville VA Metro
Charlottesville VA
100.0 102.9 105.4 97.8 68.8 102.1 102.8
Richmond VA Metro
Richmond VA
93.0 88.1 85.2 96.4 83.9 109.0 101.1
Washington-Arlington-Alexandria DC-VA-MD-WV Metro:

Alexandria VA

Arlington VA

 

 

142.6

151.1

 

 

115.5

115.5

 

 

223.5

248.8

 

 

97.3

97.3

 

 

103.2

115.0

 

 

92.4

92.4

 

 

113.0

113.1

C2ER Cost of Living Index (COLI)

5-day permit process, 10-day site plan review

0.4% effective rate in Machinery & Tools

#1 State for Doing Business (VA), CNBC 2021

92.1 Cost of Living Index