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

$628

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

2019 State Business Tax Climate Index

September 26, 2018

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November 6, 2018

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October 22, 2018

2019 State Business Tax Climate Index

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August 14, 2018

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January 25, 2018

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November 14, 2016

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

November 2, 2016

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October 27, 2016

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

October 25, 2016

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October 18, 2016

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October 14, 2016

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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

Lunch Links: Indiana Surplus; New Pennsylvania Taxes Begin; Virginia County Cracking Down on Car Tax Avoidance

August 1, 2016

Lunch Links: Trump on Taxes; Kaine on Taxes; Illinois Sales Tax Woes

July 22, 2016

Lunch Links: Trump on Carbon Taxes, Taxes on Beer and Pizza, and DC Tax Changes

May 16, 2016