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

$1542

Click for a comparative tax map!

State and Local Tax Burden

9.3%

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

25

See Full Study

State Sales Tax Rate

5.30%

Click for a comparative tax map!
See Full Study

Average Local Sales Tax Rate

0.35%

See Full Study

Combined State and Average Local Sales Tax Rate

5.65%

Click for a comparative tax map!
See Full Study

State and Local General Sales Tax Collections per Capita

$479

Click for a comparative tax map!

State Gasoline Tax Rate (cents per gallon)

29.40¢

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

0.86%

Click for a comparative tax map!

State and Local Property Tax Collections Per Capita

$1652

Click for a comparative tax map!

Featured Articles

State Tax Changes Taking Effect July 1, 2021

June 29, 2021

Biden Administration Changes to GILTI and FDII Will Yield Automatic State Tax Increases

May 25, 2021

Location Matters 2021: The State Tax Costs of Doing Business

May 5, 2021

State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA

April 1, 2021

Facts and Figures 2021: How Does Your State Compare?

March 10, 2021

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

March 3, 2021

Related Articles

Compare Tobacco Tax Data in Your State

July 22, 2021

Does Your State Have a Sales Tax Holiday?

July 21, 2021

State Tax Changes Taking Effect July 1, 2021

June 29, 2021

What Are the Chances Your State Withholds Much of Your Lottery Winnings?

June 9, 2021

Biden Administration Changes to GILTI and FDII Will Yield Automatic State Tax Increases

May 25, 2021

Location Matters 2021: The State Tax Costs of Doing Business

May 5, 2021

ARPA’s Tax Cuts Limitation Is a Problem for More States Than You Think

April 5, 2021

State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA

April 1, 2021

State and Local Tax Burdens, Calendar Year 2019

March 18, 2021

Facts and Figures 2021: How Does Your State Compare?

March 10, 2021

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

March 3, 2021

Which States Are Taxing Forgiven PPP Loans?

February 22, 2021

State Individual Income Tax Rates and Brackets for 2021

February 17, 2021

Where Did Americans Move in 2020?

January 13, 2021

Several States Considering Legal Recreational Marijuana

January 13, 2021

State and Local Sales Tax Rates, 2021

January 6, 2021

State Tax Changes Effective January 1, 2021

January 5, 2021

Congress Passes $900 Billion Coronavirus Relief Package

December 21, 2020

Details and Analysis of State and Local Aid Under the Bipartisan State and Local Support and Small Business Protection Act of 2020

December 14, 2020

Wireless Tax Burden Remains High Due to Federal Surcharge Increase

November 17, 2020