Virginia taxes — property, income, sales, retirement

Home·Tax overview·Virginia

Property tax, income tax, sales tax, and retirement-income treatment in Virginia. Quick read for movers, retirees, and remote workers.

Income tax up to 5.75%. Modest property. Lower base sales rate. SS untaxed; $12k retirement deduction (65+).
Effective property tax
0.81%
of home value/yr
Income tax (top rate)
5.75%
Sales tax (state)
4.30%
local adds more
SS taxed by state?
No

Property tax

Virginia’s effective property tax rate is approximately 0.81% of assessed home value per year. On a $350,000 home that’s about $2,835/yr. Rates vary by county and municipality — this is a state-wide average.

Income tax

Top marginal rate: 5.75%. Brackets vary by income. For wage earners, the effective rate depends on filing status, deductions, and credits.

Sales tax

State base rate: 4.30%. Local municipal and county additions can raise the combined rate by 1-4 percentage points.

Retirement income

Social Security: Not taxed by state. Pensions & 401(k) withdrawals: Partial exclusion / credit available.

Top cities in Virginia

Virginia Beach · pop 454,808 · momentum 68

Chesapeake · pop 254,997 · momentum 71

Richmond · pop 233,655 · momentum 69

Norfolk · pop 231,105 · momentum 63

Newport News · pop 183,056 · momentum 68

Alexandria · pop 159,102 · momentum 55

Compare to other states: All 50 state tax overviews · All Virginia cities · Best Virginia cities for retirees

Sources: Tax Foundation effective property tax rankings, state DOR publications, AARP retirement tax guide. 2024/2025 representative figures — verify with a CPA for your specific situation.