2010 TaxGrams™
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State and Local Taxes
Virginia State Tax Summary

Virginia state tax summary, including corporate and individual Virginia income taxes, credits, exemptions, deductions and more. Includes Virginia estate, gift and inheritance tax, miscellaneous Virginia taxes, pass-through entity treatment, payroll taxes, property taxes and Virginia sales & use taxes.

Virginia ranks #15 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Virginia Taxes

Virginia Tax Contacts

Virginia Tax FAQs

Virginia Tax Forms

Virginia Corporate Taxes

  • taxmOuth Virginia Corporate Taxes
  • Virginia Tax Rates & Brackets:

    6%> $0
  • Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
  • Throwback Sales?: N
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: N

Virginia Tax Incentives and Credits

Virginia Individual Income Taxes

  • taxmOuth Virginia Individual Income Taxes
  • Virginia tax rates and brackets:

    2%> $0
    3%> $3,000
    5%> $5,000
    5.75%> $17,000
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $3,000 / Joint $6,000
  • Personal Exemptions/Credits (c): Single $930 / Joint $1,860 / Dependent $930
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

Virginia Estate, Gift and Inheritance Taxes

Virginia Miscellaneous Taxes

Virginia Pass-through Tax Treatment

Virginia Payroll Taxes

Virginia Property Taxes

  • taxmOuth Virginia Property Taxes
  • Median Tax Paid on Homes (Rank): $1,854 (#22)
  • Median Value of Homes: $269,600
  • Tax as % of Home Value (Rank): 0.69% (#33)
  • Median Income of Homeowner: $75,504
  • Tax as % of Income (Rank): 2.46% (#28)

Virginia Sales and Use Taxes

  • taxmOuth Virginia Sales and Use Taxes
  • State Rate: 5.0%
  • County & City (Weighted Ave): None
  • Combined State and Ave. Local Rates (Rank): 5.0% (#43)
  • General Treatment of Services: Exempt
  • Gasoline: Exempt
  • Groceries: Partial

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