Politics & Government

Here's How VA's Tax Burden Compares To Other States

As tax season continues, a new WalletHub study examines how much Virginians are shelling out compared to the rest of the country.

VIRGINIA — A new analysis has revealed that Virginia is in the middle of the pack when it comes to the tax burden shouldered by residents of each U.S. state.

Ahead of this year's April 15 tax filing deadline, finance website WalletHub examined data from all 50 states and Washington D.C. to determine which had the highest and lowest rates across four types of taxation: real estate, vehicle, income, and sales and excise taxes.

Factors were also compared to the national medians to determine where residents paid the most.

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"Every year during tax season, Americans are reminded of just how much of their hard-earned income isn’t theirs to keep," WalletHub analyst Chip Lupo said in a statement. "Living in the right state can ease the stress of tax time, though, as taxpayers in the least expensive states pay less than half as much as those in the most expensive states."

According to the analysis, Virginia has the 25th highest tax rate in the United States.

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On average, Virginians pay $9,913 in state and local taxes annually. That's only 0.4 percent higher than what the average U.S. taxpayer pays. The figure doesn't include the average $14,000 in federal taxes paid each year.

For comparison, Alaska is the state with the lowest tax burden. There, residents pay an average $5,952 in state and local taxes, approximately 38 percent less than the national average.

According to the analysis, Virginia has the highest vehicle property tax rate in the nation ($1,139 annually). The state's income tax rate is also higher than most states (No. 39).

Here are the states paying the lowest taxes, according to WalletHub:

  1. Alaska
  2. Delaware
  3. Wyoming
  4. Idaho
  5. Montana
  6. Nevada
  7. Colorado
  8. Florida
  9. South Carolina
  10. District of Columbia

And here are the states paying the highest taxes, with those paying more listed first:

  1. Illinois
  2. New York
  3. Connecticut
  4. New Jersey
  5. Pennsylvania
  6. Kansas
  7. Nebraska
  8. Iowa
  9. Ohio
  10. Texas

Check out the full study at WalletHub.

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