Taxes in Virginia

Each state’s tax code is a multifaceted system with many moving parts, and Virginia is no exception. The first step towards understanding Virginia’s tax code is knowing the basics.

How does Virginia rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing Virginia’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

5.75%

See Full Study

State and Local Individual Income Tax Collections per Capita

$1420

Click for a comparative tax map!

State and Local Tax Burden

9.3%

Click for a comparative tax map!

See Full Study

Tax Freedom Day

April 23

Click for a comparative tax map!

See Full Study

Top Corporate Income Tax Rate

6.00%

See Full Study

State Business Tax Climate Index Ranking

31

See Full Study

State Sales Tax Rate

5.30%

Click for a comparative tax map!

See Full Study

Average Local Sales Tax Rate

0.33%

See Full Study

Combined State and Average Local Sales Tax Rate

5.63%

Click for a comparative tax map!

See Full Study

State and Local General Sales Tax Collections per Capita

$609

State Gasoline Tax Rate (cents per gallon)

22.4¢

Click for a comparative tax map!

State Cigarette Tax Rate (dollars per 20-pack)

$0.30

Click for a comparative tax map!

Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

0.84%

Click for a comparative tax map!

State and Local Property Tax Collections Per Capita

$1520


Related Articles