New York vs Virginia Taxes: Income, Property & Sales

Does New York or Virginia have lower taxes? We answer that in a variety of ways below:

New York vs Virginia Income Tax Comparison

	New York	Virginia
Income Tax Rates & Thresholds	4.00%: $0-$8,500 4.50%: $8,501-$11,700 5.25%: $11,701-$13,900 5.85%: $13,901-$80,650 6.25%: $80,651-$215,400 6.85%: $215,401-$1,077,550 9.65%: $1,077,551-$5,000,000 10.30%: $5,000,001-$25,000,000 10.90%: $25,000,001	2.00%: $0-$3,000 3.00%: $3,001-$5,000 5.00%: $5,001-$17,000 5.75%: $17,001+
Median Income	$75,910	$85,170
Income Tax Paid On Median Household Income	$13,227	$15,833
Income After Tax Based on Median Household Income	$62,683	$69,337

Top Accounting Software:

New York vs Virginia Property Tax Comparison

	New York	Virginia
Average Property Tax Rate	1.26%	0.72%
Average House Price By State	$421,274	$376,931
Average Property Tax Owed Per Year	$5,308	$2,714
Income After Income Taxes & Property Taxes Based On Median State Household Income	$57,375	$66,623

New York vs Virginia Sales Tax Comparison

	New York	Virginia
Average State Sales Tax	4.00%	5.30%
Average Local Sales Tax Across the State	4.52%	0.45%
Average Combined Sales Tax Rate	8.52%	5.75%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,505	$3,623
Maximum Disposable Income Based on Median Household Income	$52,870	$63,001

After Tax Comparison Earning $40,000 Per Year Filing As Single

	New York	Virginia
Income Tax Owed	$4,699	$4,771
After Tax Income	$35,301	$35,229
Income After Income & Property Tax	$29,993	$32,515
Maximum Disposable Income After Income, Property & Sales Taxes	$27,638	$30,747

After Tax Comparison Earning $60,000 Per Year Filing As Single

	New York	Virginia
Income Tax Owed	$8,796	$8,848
After Tax Income	$51,204	$51,152
Income After Income & Property Tax	$45,896	$48,438
Maximum Disposable Income After Income, Property & Sales Taxes	$42,293	$45,804

After Tax Comparison Earning $80,000 Per Year Filing As Single

	New York	Virginia
Income Tax Owed	$14,366	$14,398
After Tax Income	$65,634	$65,602
Income After Income & Property Tax	$60,326	$62,888
Maximum Disposable Income After Income, Property & Sales Taxes	$55,590	$59,469

After Tax Comparison Earning $100,000 Per Year Filing As Single

	New York	Virginia
Income Tax Owed	$19,982	$19,948
After Tax Income	$80,018	$80,052
Income After Income & Property Tax	$74,710	$77,338
Maximum Disposable Income After Income, Property & Sales Taxes	$68,844	$73,133

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	New York	Virginia
Income Tax Owed	$12,962	$13,349
After Tax Income	$87,038	$86,651
Income After Income & Property Tax	$81,730	$83,937
Maximum Disposable Income After Income, Property & Sales Taxes	$75,313	$79,373

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	New York	Virginia
Income Tax Owed	$25,942	$26,279
After Tax Income	$124,058	$123,721
Income After Income & Property Tax	$118,750	$121,007
Maximum Disposable Income After Income, Property & Sales Taxes	$109,427	$114,428

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	New York	Virginia
Income Tax Owed	$39,956	$40,154
After Tax Income	$160,044	$159,846
Income After Income & Property Tax	$154,736	$157,132
Maximum Disposable Income After Income, Property & Sales Taxes	$142,587	$148,588

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	New York	Virginia
Income Tax Owed	$55,000	$54,948
After Tax Income	$195,000	$195,052
Income After Income & Property Tax	$189,692	$192,338
Maximum Disposable Income After Income, Property & Sales Taxes	$174,799	$181,880

FAQ

Does New York or Virginia have lower income taxes?

New York’s income tax falls into the following range:

• 4.00%: $0-$8,500
• 4.50%: $8,501-$11,700
• 5.25%: $11,701-$13,900
• 5.85%: $13,901-$80,650
• 6.25%: $80,651-$215,400
• 6.85%: $215,401-$1,077,550
• 9.65%: $1,077,551-$5,000,000
• 10.30%: $5,000,001-$25,000,000
• 10.90%: $25,000,001

Whereas Virginia’s income tax is the following

• 2.00%: $0-$3,000
• 3.00%: $3,001-$5,000
• 5.00%: $5,001-$17,000
• 5.75%: $17,001+

Does New York or Virginia have lower property taxes?

New York has an average property tax rate of 1.26%

In comparison, Virginia has an average property tax rate of 0.72%

Does New York or Virginia have lower sales taxes?

New York has a state sales tax rate of 4.00% and an average local rate of 4.52% for a combined total rate of 8.52%.

In contrast, Virginia has a state sales tax rate of 5.30% and an average local rate of 0.45% for a combined total rate of 5.75%.

Do you get to keep more money in New York or Virginia?

Based on median household income after income, property and sales taxes New York gives you a maximum amount of disposable income of $52,870

In comparison, Virginia gives you $63,001.

More Comparisons:

New York vs Washington
New York vs Arizona
New York vs Tennessee
New York vs Massachusetts
New York vs Indiana

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/