Virginia vs Iowa Taxes: Income, Property & Sales

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

Virginia vs Iowa Income Tax Comparison

	Virginia	Iowa
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+	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+
Median Income	$85,170	$76,320
Income Tax Paid On Median Household Income	$15,833	$13,833
Income After Tax Based on Median Household Income	$69,337	$62,487

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Virginia vs Iowa Property Tax Comparison

	Virginia	Iowa
Average Property Tax Rate	0.72%	1.25%
Average House Price By State	$376,931	$215,458
Average Property Tax Owed Per Year	$2,714	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,623	$59,794

Virginia vs Iowa Sales Tax Comparison

	Virginia	Iowa
Average State Sales Tax	5.30%	6.00%
Average Local Sales Tax Across the State	0.45%	0.94%
Average Combined Sales Tax Rate	5.75%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,623	$3,880
Maximum Disposable Income Based on Median Household Income	$63,001	$55,913

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

	Virginia	Iowa
Income Tax Owed	$4,771	$4,786
After Tax Income	$35,229	$35,214
Income After Income & Property Tax	$32,515	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$30,747	$30,410

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

	Virginia	Iowa
Income Tax Owed	$8,848	$9,028
After Tax Income	$51,152	$50,972
Income After Income & Property Tax	$48,438	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$45,804	$45,146

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

	Virginia	Iowa
Income Tax Owed	$14,398	$14,916
After Tax Income	$65,602	$65,084
Income After Income & Property Tax	$62,888	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$59,469	$58,342

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

	Virginia	Iowa
Income Tax Owed	$19,948	$21,015
After Tax Income	$80,052	$78,985
Income After Income & Property Tax	$77,338	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$73,133	$71,341

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

	Virginia	Iowa
Income Tax Owed	$13,349	$14,448
After Tax Income	$86,651	$85,552
Income After Income & Property Tax	$83,937	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$79,373	$77,482

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

	Virginia	Iowa
Income Tax Owed	$26,279	$28,768
After Tax Income	$123,721	$121,232
Income After Income & Property Tax	$121,007	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$114,428	$110,846

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

	Virginia	Iowa
Income Tax Owed	$40,154	$44,033
After Tax Income	$159,846	$155,967
Income After Income & Property Tax	$157,132	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$148,588	$143,327

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

	Virginia	Iowa
Income Tax Owed	$54,948	$60,217
After Tax Income	$195,052	$189,783
Income After Income & Property Tax	$192,338	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$181,880	$174,948

FAQ

Does Virginia or Iowa 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 Iowa’s income tax is the following

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Does Virginia or Iowa have lower property taxes?

Virginia has an average property tax rate of 0.72%

In comparison, Iowa has an average property tax rate of 1.25%

Does Virginia or Iowa 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, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

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

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, Iowa gives you $55,913.

More Comparisons:

Virginia vs Nevada
Virginia vs Arkansas
Virginia vs Mississippi
Virginia vs Kansas
Virginia vs New Mexico

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/