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Businesses & Visitors
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Welcome to Tappahannock
We are here to help you launch or expand your business and provide support to homeowners and developers to get work done.
Opportunity Zone
Tappahannock is an opportunity zone. Taxpayers can get capital gains tax deferral for making timely equity investments in Opportunity funds that then deploy capital into Opportunity Zone business and real estate ventures. This is an economic and community development tax incentive that provides an avenue for investors to support distressed communities to address areas of the Commonwealth that have experienced uneven economic growth and recovery. The tax incentive offers three benefits; tax deferral, tax reduction through long-term investment, and exclusion of certain capital gains tax.