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

$1454

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State and Local Tax Burden

9.3%

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Tax Freedom Day

April 16

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Top Corporate Income Tax Rate

6.00%

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State Business Tax Climate Index Ranking

22

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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

$469

State Gasoline Tax Rate (cents per gallon)

20.66¢

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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

0.84%

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State and Local Property Tax Collections Per Capita

$1545

Featured Articles

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

July 24, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

2019 State Business Tax Climate Index

September 26, 2018

Related Articles

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

July 24, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

Facts and Figures 2019: How Does Your State Compare?

March 19, 2019

Virginia on the Verge of Approving Its First Local Option Sales Tax

February 14, 2019

Virginia on the Cusp of a $600 Million Unlegislated Tax Increase

January 10, 2019

Results of 2018 State and Local Tax Ballot Initiatives

November 6, 2018

Top State Tax Ballot Initiatives to Watch in 2018

October 22, 2018

2019 State Business Tax Climate Index

September 26, 2018

State Tax Implications of Federal Tax Reform in Virginia

August 14, 2018

More States Considering Dubious SALT Charitable Contribution Workaround

January 25, 2018

State Review Calls Virginia’s Economic Development Program Inefficient and Mismanaged

November 14, 2016

Virginia Gives Voters a Say on Meals Taxes, and They Usually Say No

November 2, 2016

Lunch Links: Sen. Blumenthal Calls for Simplifying Tax on Business Travelers; Massachusetts Girding for 2018 Income Tax Boost; Maryland Legislators Warned about Revenue Gap

October 27, 2016

Virginia County Mails One-Sided Pamphlet to Support Proposed Meals Tax

October 25, 2016

Top State Tax Ballot Initiatives to Watch in 2016

October 18, 2016

Lunch Links: Trump, Clinton Tax Plans Ignite Heated Debate; Transportation Issues Latest Setback to Passing Nevada Tax for NFL-Ready Stadium; Cooperation on Mutual Transportation Funding Derailed by Maryland-Virginia Governors

October 14, 2016

Lunch Links: VP Candidates Battle on Taxes; Latest Date Hinted at for Trump Tax Return Release; Continued Shortfalls Lead Kansas Officials to Consider Ending Updates; Local Virginia Meals Tax Floated to Help Fund Education

October 5, 2016

Lunch Links: New Jersey Lawmakers Set to Vote on Gas Tax Hike; Tax Experts Weigh in on Trump’s Reported Losses; Kansas Shortfall Extended

October 4, 2016

Lunch Links: Republican Plan Upcoming for Sales Tax on Internet Buys; Walmart Avoids Excessive Tax Proposed by Puerto Rico; Explaining Why States Should Index Tax Brackets for Inflation

August 25, 2016

Lunch Links: Pairing Trump Tax Breaks Together Ill-advised; Carbon Tax an Issue in Vermont Governor’s Race; Soft Serve in Many Splendid Tax Forms

August 19, 2016