North Carolina vs Virginia Taxes: Income, Property & Sales

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

North Carolina vs Virginia Income Tax Comparison

	North Carolina	Virginia
Income Tax Rates & Thresholds	4.99%	2.00%: $0-$3,000 3.00%: $3,001-$5,000 5.00%: $5,001-$17,000 5.75%: $17,001+
Median Income	$65,070	$85,170
Income Tax Paid On Median Household Income	$9,694	$15,833
Income After Tax Based on Median Household Income	$55,376	$69,337

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North Carolina vs Virginia Property Tax Comparison

	North Carolina	Virginia
Average Property Tax Rate	0.52%	0.72%
Average House Price By State	$321,447	$376,931
Average Property Tax Owed Per Year	$1,672	$2,714
Income After Income Taxes & Property Taxes Based On Median State Household Income	$53,704	$66,623

North Carolina vs Virginia Sales Tax Comparison

	North Carolina	Virginia
Average State Sales Tax	4.75%	5.30%
Average Local Sales Tax Across the State	2.23%	0.45%
Average Combined Sales Tax Rate	6.98%	5.75%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,504	$3,623
Maximum Disposable Income Based on Median Household Income	$50,200	$63,001

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

	North Carolina	Virginia
Income Tax Owed	$4,400	$4,771
After Tax Income	$35,600	$35,229
Income After Income & Property Tax	$33,928	$32,515
Maximum Disposable Income After Income, Property & Sales Taxes	$31,715	$30,747

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

	North Carolina	Virginia
Income Tax Owed	$8,326	$8,848
After Tax Income	$51,674	$51,152
Income After Income & Property Tax	$50,002	$48,438
Maximum Disposable Income After Income, Property & Sales Taxes	$46,740	$45,804

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

	North Carolina	Virginia
Income Tax Owed	$13,724	$14,398
After Tax Income	$66,276	$65,602
Income After Income & Property Tax	$64,604	$62,888
Maximum Disposable Income After Income, Property & Sales Taxes	$60,389	$59,469

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

	North Carolina	Virginia
Income Tax Owed	$19,122	$19,948
After Tax Income	$80,878	$80,052
Income After Income & Property Tax	$79,206	$77,338
Maximum Disposable Income After Income, Property & Sales Taxes	$74,039	$73,133

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

	North Carolina	Virginia
Income Tax Owed	$12,198	$13,349
After Tax Income	$87,802	$86,651
Income After Income & Property Tax	$86,130	$83,937
Maximum Disposable Income After Income, Property & Sales Taxes	$80,511	$79,373

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

	North Carolina	Virginia
Income Tax Owed	$24,748	$26,279
After Tax Income	$125,252	$123,721
Income After Income & Property Tax	$123,580	$121,007
Maximum Disposable Income After Income, Property & Sales Taxes	$115,517	$114,428

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

	North Carolina	Virginia
Income Tax Owed	$38,243	$40,154
After Tax Income	$161,757	$159,846
Income After Income & Property Tax	$160,085	$157,132
Maximum Disposable Income After Income, Property & Sales Taxes	$149,641	$148,588

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

	North Carolina	Virginia
Income Tax Owed	$52,657	$54,948
After Tax Income	$197,343	$195,052
Income After Income & Property Tax	$195,671	$192,338
Maximum Disposable Income After Income, Property & Sales Taxes	$182,905	$181,880

FAQ

Does North Carolina or Virginia have lower income taxes?

North Carolina’s income tax falls into the following range: 4.99%

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 North Carolina or Virginia have lower property taxes?

North Carolina has an average property tax rate of 0.52%

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

Does North Carolina or Virginia have lower sales taxes?

North Carolina has a state sales tax rate of 4.75% and an average local rate of 2.23% for a combined total rate of 6.98%.

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 North Carolina or Virginia?

Based on median household income after income, property and sales taxes North Carolina gives you a maximum amount of disposable income of $50,200

In comparison, Virginia gives you $63,001.

More Comparisons:

North Carolina vs Washington
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North Carolina vs Tennessee
North Carolina vs Massachusetts
North Carolina 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/