Virginia vs Indiana Taxes: Income, Property & Sales

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

Virginia vs Indiana Income Tax Comparison

	Virginia	Indiana
Income Tax Rates & Thresholds	2.00%: $0-$3,000 3.00%: $3,001-$5,000 5.00%: $5,001-$17,000 5.75%: $17,001+	3.23%
Median Income	$85,170	$70,030
Income Tax Paid On Median Household Income	$15,833	$10,404
Income After Tax Based on Median Household Income	$69,337	$59,626

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Virginia vs Indiana Property Tax Comparison

	Virginia	Indiana
Average Property Tax Rate	0.72%	0.74%
Average House Price By State	$376,931	$232,390
Average Property Tax Owed Per Year	$2,714	$1,720
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,623	$57,906

Virginia vs Indiana Sales Tax Comparison

	Virginia	Indiana
Average State Sales Tax	5.30%	7.00%
Average Local Sales Tax Across the State	0.45%	0.00%
Average Combined Sales Tax Rate	5.75%	7.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,623	$3,788
Maximum Disposable Income Based on Median Household Income	$63,001	$54,118

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

	Virginia	Indiana
Income Tax Owed	$4,771	$4,300
After Tax Income	$35,229	$35,700
Income After Income & Property Tax	$32,515	$33,980
Maximum Disposable Income After Income, Property & Sales Taxes	$30,747	$31,757

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

	Virginia	Indiana
Income Tax Owed	$8,848	$7,873
After Tax Income	$51,152	$52,127
Income After Income & Property Tax	$48,438	$50,407
Maximum Disposable Income After Income, Property & Sales Taxes	$45,804	$47,110

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

	Virginia	Indiana
Income Tax Owed	$14,398	$12,919
After Tax Income	$65,602	$67,081
Income After Income & Property Tax	$62,888	$65,361
Maximum Disposable Income After Income, Property & Sales Taxes	$59,469	$61,085

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

	Virginia	Indiana
Income Tax Owed	$19,948	$17,965
After Tax Income	$80,052	$82,035
Income After Income & Property Tax	$77,338	$80,315
Maximum Disposable Income After Income, Property & Sales Taxes	$73,133	$75,061

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

	Virginia	Indiana
Income Tax Owed	$13,349	$11,646
After Tax Income	$86,651	$88,354
Income After Income & Property Tax	$83,937	$86,634
Maximum Disposable Income After Income, Property & Sales Taxes	$79,373	$80,967

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

	Virginia	Indiana
Income Tax Owed	$26,279	$23,316
After Tax Income	$123,721	$126,684
Income After Income & Property Tax	$121,007	$124,964
Maximum Disposable Income After Income, Property & Sales Taxes	$114,428	$116,789

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

	Virginia	Indiana
Income Tax Owed	$40,154	$35,931
After Tax Income	$159,846	$164,069
Income After Income & Property Tax	$157,132	$162,349
Maximum Disposable Income After Income, Property & Sales Taxes	$148,588	$151,728

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

	Virginia	Indiana
Income Tax Owed	$54,948	$49,465
After Tax Income	$195,052	$200,535
Income After Income & Property Tax	$192,338	$198,815
Maximum Disposable Income After Income, Property & Sales Taxes	$181,880	$185,809

FAQ

Does Virginia or Indiana have lower income taxes?

Virginia’s income tax falls into the following range:

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

Whereas Indiana’s income tax is the following 3.23%

Does Virginia or Indiana have lower property taxes?

Virginia has an average property tax rate of 0.72%

In comparison, Indiana has an average property tax rate of 0.74%

Does Virginia or Indiana have lower sales taxes?

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%.

In contrast, Indiana has a state sales tax rate of 7.00% and an average local rate of 0.00% for a combined total rate of 7.00%.

Do you get to keep more money in Virginia or Indiana?

Based on median household income after income, property and sales taxes Virginia gives you a maximum amount of disposable income of $63,001

In comparison, Indiana gives you $54,118.

More Comparisons:

Virginia vs Missouri
Virginia vs Maryland
Virginia vs Wisconsin
Virginia vs Colorado
Virginia vs Minnesota

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/