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%

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State and Local Individual Income Tax Collections per Capita

$1542

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State and Local Tax Burden

9.3%

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Top Corporate Income Tax Rate

6.00%

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State Business Tax Climate Index Ranking

25

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State Sales Tax Rate

5.30%

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Average Local Sales Tax Rate

0.35%

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Combined State and Average Local Sales Tax Rate

5.65%

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State and Local General Sales Tax Collections per Capita

$479

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State Gasoline Tax Rate (cents per gallon)

29.40¢

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State Cigarette Tax Rate (dollars per 20-pack)

$0.30

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

0.86%

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State and Local Property Tax Collections Per Capita

$1652

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Featured Articles

State Tax Changes Effective July 1, 2020

July 9, 2020

A Visual Guide to Unemployment Benefit Claims

April 2, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Tax Trends at the Dawn of 2020

January 6, 2020

Sales Tax Holidays: Politically Expedient but Poor Tax Policy, 2019

July 24, 2019

State Tax Changes as of July 1, 2019

July 11, 2019


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