Virginia vs Minnesota Taxes: Income, Property & Sales

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

Virginia vs Minnesota Income Tax Comparison

	Virginia	Minnesota
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+	5.35%: $0-$28,080 6.80%: $28,081-$92,230 7.85%: $92,231-$171,220 9.85%: $171,221+
Median Income	$85,170	$90,390
Income Tax Paid On Median Household Income	$15,833	$17,516
Income After Tax Based on Median Household Income	$69,337	$72,874

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Virginia vs Minnesota Property Tax Comparison

	Virginia	Minnesota
Average Property Tax Rate	0.72%	0.90%
Average House Price By State	$376,931	$336,279
Average Property Tax Owed Per Year	$2,714	$3,027
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,623	$69,847

Virginia vs Minnesota Sales Tax Comparison

	Virginia	Minnesota
Average State Sales Tax	5.30%	6.88%
Average Local Sales Tax Across the State	0.45%	0.61%
Average Combined Sales Tax Rate	5.75%	7.49%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,623	$4,867
Maximum Disposable Income Based on Median Household Income	$63,001	$64,980

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

	Virginia	Minnesota
Income Tax Owed	$4,771	$4,490
After Tax Income	$35,229	$35,510
Income After Income & Property Tax	$32,515	$32,483
Maximum Disposable Income After Income, Property & Sales Taxes	$30,747	$30,220

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

	Virginia	Minnesota
Income Tax Owed	$8,848	$8,763
After Tax Income	$51,152	$51,237
Income After Income & Property Tax	$48,438	$48,210
Maximum Disposable Income After Income, Property & Sales Taxes	$45,804	$44,851

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

	Virginia	Minnesota
Income Tax Owed	$14,398	$14,523
After Tax Income	$65,602	$65,477
Income After Income & Property Tax	$62,888	$62,450
Maximum Disposable Income After Income, Property & Sales Taxes	$59,469	$58,099

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

	Virginia	Minnesota
Income Tax Owed	$19,948	$20,283
After Tax Income	$80,052	$79,717
Income After Income & Property Tax	$77,338	$76,690
Maximum Disposable Income After Income, Property & Sales Taxes	$73,133	$71,347

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

	Virginia	Minnesota
Income Tax Owed	$13,349	$12,931
After Tax Income	$86,651	$87,069
Income After Income & Property Tax	$83,937	$84,042
Maximum Disposable Income After Income, Property & Sales Taxes	$79,373	$78,186

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

	Virginia	Minnesota
Income Tax Owed	$26,279	$26,386
After Tax Income	$123,721	$123,614
Income After Income & Property Tax	$121,007	$120,587
Maximum Disposable Income After Income, Property & Sales Taxes	$114,428	$112,185

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

	Virginia	Minnesota
Income Tax Owed	$40,154	$40,903
After Tax Income	$159,846	$159,097
Income After Income & Property Tax	$157,132	$156,070
Maximum Disposable Income After Income, Property & Sales Taxes	$148,588	$145,195

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

	Virginia	Minnesota
Income Tax Owed	$54,948	$56,747
After Tax Income	$195,052	$193,253
Income After Income & Property Tax	$192,338	$190,226
Maximum Disposable Income After Income, Property & Sales Taxes	$181,880	$176,971

FAQ

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

• 5.35%: $0-$28,080
• 6.80%: $28,081-$92,230
• 7.85%: $92,231-$171,220
• 9.85%: $171,221+

Does Virginia or Minnesota have lower property taxes?

Virginia has an average property tax rate of 0.72%

In comparison, Minnesota has an average property tax rate of 0.90%

Does Virginia or Minnesota 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, Minnesota has a state sales tax rate of 6.88% and an average local rate of 0.61% for a combined total rate of 7.49%.

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

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, Minnesota gives you $64,980.

More Comparisons:

Virginia vs South Carolina
Virginia vs Alabama
Virginia vs Louisiana
Virginia vs Kentucky
Virginia vs Oregon

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/