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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Local taxable sales hit new high

Taxable sales in the Fredericksburg area finished out 2013 with their best quarter on record.

There were about $925 million in taxable sales in the Fredericksburg area during the last three months of 2013, according to Virginia Department of Taxation data released Wednesday. That was 2.8 percent higher year-over-year and up just slightly from the three months before.

Caroline County’s taxable sales grew the most in the region year-over-year at 9.5 percent. Fredericksburg and King George and Stafford counties both had about 5 percent growth.

Spotsylvania County’s taxable sales were down slightly. Meanwhile Orange County’s sales rose 20.4 percent year-over-year, a trend likely due in part to last summer’s opening of the Walmart store in Locust Grove.

Local governments derive a significant portion of their revenue from sales taxes.

Permalink: http://news.fredericksburg.com/businessbrowser/2014/02/19/local-taxable-sales-hit-new-high/

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