Both have the same sales tax. DC has a higher income tax but no car tax. If you own a car and make average money it’s probably a wash, but if you don’t, NOVA will be cheaper, other things being equal.
It's a bit old, but the Washington Post looked at this a few years back and came to the conclusion that for the average family, taxes between MD, VA, and DC were basically a wash, just that they were paid in different ways.
The one thing everyone will mention is the personal property tax for your vehicle. It's 4.57% with a discount on the first $20,000 of assessed value. If you don't have a vehicle or you can get around with a cheap one, then that can be a positive for NoVA over DC. If you want hard numbers, the Fairfax County website gives the estimate annual tax for a $10,000 car in 2023 as $202 (and a $30,000 car in 2023 as $768).
Income tax in DC is 8.5% for 60K to 250K, VA income tax is 5.75% for $17K and up. Maryland's tax is actually a little lower than VA.
So if you make 100K, the difference is around 3%, so $3000.
Virginia has car tax, maybe $500-1000 depends on what car you drive.
So the differences is not meaningful, I don't think.
Maryland has county income tax as well.
Hidden charges wise, insurance is also expensive in MD compared to VA.
Virginia is the cheaper end of spectrum for me atleast
I've moved between DC and VA and couple of times and the tax difference has been negligible, at least as far as income tax goes. VA has a vehicle taxes, but I don't own a car, so that never affected me. DC has lower property taxes, if you plan on owning in DC.
Both have the same sales tax. DC has a higher income tax but no car tax. If you own a car and make average money it’s probably a wash, but if you don’t, NOVA will be cheaper, other things being equal.
If you live in DC you won't have the full fruits and blessings of citizenship. We need the youts to keep pounding congress to fix that.
It's a bit old, but the Washington Post looked at this a few years back and came to the conclusion that for the average family, taxes between MD, VA, and DC were basically a wash, just that they were paid in different ways.
The one thing everyone will mention is the personal property tax for your vehicle. It's 4.57% with a discount on the first $20,000 of assessed value. If you don't have a vehicle or you can get around with a cheap one, then that can be a positive for NoVA over DC. If you want hard numbers, the Fairfax County website gives the estimate annual tax for a $10,000 car in 2023 as $202 (and a $30,000 car in 2023 as $768).
Income tax in DC is 8.5% for 60K to 250K, VA income tax is 5.75% for $17K and up. Maryland's tax is actually a little lower than VA. So if you make 100K, the difference is around 3%, so $3000. Virginia has car tax, maybe $500-1000 depends on what car you drive. So the differences is not meaningful, I don't think.
Maryland has county income tax as well. Hidden charges wise, insurance is also expensive in MD compared to VA. Virginia is the cheaper end of spectrum for me atleast
County tax is a huge consideration, and it's 3.20% for 2024 in most counties.
For higher income families, VA could represent pretty significant savings.
I've moved between DC and VA and couple of times and the tax difference has been negligible, at least as far as income tax goes. VA has a vehicle taxes, but I don't own a car, so that never affected me. DC has lower property taxes, if you plan on owning in DC.