TaxGrader

Taxes in Virginia: Income, Sales, and Property Tax Guide

Top Income Tax Rate

5.8%

Combined Sales Tax

5.8%

Avg Property Tax Rate

0.8%

Median Household Income

$87,249

How Virginia Compares to National Average

IRS Statistics of Income Data

Average AGI

$68,000

Average Tax Liability

$9,800

Itemized Deduction Rate

30.0%

Avg SALT Deduction

$8,500

Avg Mortgage Interest Deduction

$11,500

Avg Charitable Deduction

$5,500

Source: IRS Statistics of Income (2022 tax year)

What This Means for You

With a top marginal rate of 5.8%, Virginia's income tax is near the national median. Combined with a 5.8% sales tax and 0.8% property tax rate, the overall tax burden in Virginia varies depending on your income, spending, and homeownership status.

Frequently Asked Questions

Does Virginia have an income tax?

Yes, Virginia has a state income tax with a top marginal rate of 5.8%.

What is the sales tax in Virginia?

The combined state and local sales tax rate in Virginia is approximately 5.8%.

How does Virginia compare to other states?

Visit our state comparison page or use the Compare tool to see how Virginia's tax burden compares to neighboring states and the national average.

Related Resources

Data sources: Tax Foundation (2024), IRS Statistics of Income (2022). TaxGrader is not a CPA, tax advisor, enrolled agent, or attorney. This content is for educational and informational purposes only.