Virginia Income Tax
Virginia has a progressive income tax with rates ranging from 2-5.75%. Lower income earners pay the lower rate, with the top rate applying to the highest bracket.
Virginia Sales Tax
The state sales tax rate in Virginia is 4.3%. With an average local sales tax of 1.45%, the combined average sales tax rate is 5.75%.
Virginia Property Tax
The effective property tax rate in Virginia is 0.82%. With a median home value of $369,600, the median annual property tax bill is $2,962 ($247/month).
Corporate & Business Taxes
The corporate tax rate in Virginia is 6%.
Other Taxes in Virginia
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.30/gallon |
| Cigarette Tax | $0.60/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
Moderate taxes overall. No tax on Social Security. Groceries taxed at reduced rate of 1%.
Compare to Other States
See how salaries compare on our average salary in Virginia page. Thinking about starting a business? Check our LLC guide for Virginia. See the current minimum wage in Virginia.
Financial Calculators
Plan your finances in Virginia with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford