|
02-18-2008, 08:43 AM
|
|
Member
|
|
Join Date: Nov 2007
96 posts, read 109,303 times
Reputation: 11
|
|
Are Taxes Really Much Higher In Va Than Md?
A friend of a friend who lives in Washington, DC said that VA's taxes are MUCH higher VA than in MD. Is this true?
I am relocating to the area and haven't totally decided on MD or VA...
All feedback is so appreciated.
Thanks
|
|
02-18-2008, 09:41 AM
|
|
Senior Member
|
|
Join Date: Aug 2007
1,646 posts, read 1,051,298 times
Reputation: 601
|
|
|
Absolutely NOT true. Md taxes are much higher than Va.
When large corporations like Volkswagen relocate their HQ to this area, they almost always choose Va....there is a reason for that.
|
|
02-18-2008, 09:55 AM
|
|
Senior Member
|
|
Join Date: Nov 2007
252 posts, read 201,014 times
Reputation: 68
|
|
Quote:
Originally Posted by PAFAMILIY
A friend of a friend who lives in Washington, DC said that VA's taxes are MUCH higher VA than in MD. Is this true?
I am relocating to the area and haven't totally decided on MD or VA...
All feedback is so appreciated.
Thanks
|
I remember doing a lot of calculations (including DC) before buying a house here. Taxes include not only income tax but also property tax, car tax, etc. At the time, and I believe now, it depends on your income level, how many cars you have and whether they are luxury models (because of car tax in VA), whether you own a home, etc. To get the full story, you also have to look at fees (another word for tax!) on water and sewer, etc.
For example, some counties in Maryland update their real estate assessments every 3 years; some in VA do it every year. So some of us have been paying higher taxes on our houses as the market went up each year, while others have not. DC also has a cap on the % increase each year and this has been keeping some costs down for DC homeowners.
|
|
02-18-2008, 11:55 AM
|
|
Senior Member
|
|
Join Date: Oct 2007
783 posts, read 868,155 times
Reputation: 124
|
|
|
I haven't done a detailed analysis, but MD has a long-standing reputation for having higher taxes than VA. That said, I'm sure people have found ways to organize their lives to influence their tax bills at the margins one way or another who might disagree.
|
|
02-18-2008, 12:44 PM
|
|
Member
|
|
Join Date: Nov 2007
96 posts, read 109,303 times
Reputation: 11
|
|
|
Well, we have 2002 owned minivan and 98 mercury sable...we will try to find a house to buy if we feel the neighborhood and the school is right. Our jt income will be approx 125,000 initially...so that is my data in a nutshell...
My husband is working at DOJ in DC and we haven't decided on MD or VA
|
|
02-18-2008, 01:59 PM
|
|
Senior Member
|
|
Join Date: Jan 2008
1,524 posts, read 1,083,024 times
Reputation: 279
|
|
|
I don't have hard numbers, but I've lived in both states and didn't see much difference in my total tax bill. The only difference that stood out was not having to pay the "car tax" when moving to MD.
|
|
02-18-2008, 09:54 PM
|
|
Member
|
|
Join Date: Nov 2007
96 posts, read 109,303 times
Reputation: 11
|
|
what is the car tax?
Quote:
Originally Posted by dkf747
I don't have hard numbers, but I've lived in both states and didn't see much difference in my total tax bill. The only difference that stood out was not having to pay the "car tax" when moving to MD.
|
Can you explain what a car tax is? |
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
