Tax advantage of living in NoVa instead of MD?

[Claire2900]

The car tax is extremely overblown by people not understanding the math or the amount of relief that is deducted by the counties. For most people this is easily offset in comparison to MD income tax.

I do agree with the previous poster, depending on your needs/wants/desires, it may not be an apples to apples comparison

[dkf747]

Originally Posted by Claire2900

The car tax is extremely overblown by people not understanding the math or the amount of relief that is deducted by the counties. For most people this is easily offset in comparison to MD income tax.

I do agree with the previous poster, depending on your needs/wants/desires, it may not be an apples to apples comparison

I lived in Virginia, so I know plenty about the car tax. You.re right, it is offset by taxes in MD. This results in the tax burden not necessarily being all that different between the two states. If you drive an old car, or do other ways of minimizing taxes, than VA will give you a better deal, but for most, the difference is not that great.

[SYGM]

Single person. 1 car. (Getting divorced and selling VA home or having ex buy me out).
Want to RENT in DC or Alexandria or Arlington. Income $70k.
To work at 2025 E St NW, Wash DC 20006 (near White House)
Want to return to school to get college degree. Heard if I reside in DC, am a "RES" everywhere.
What is the best place to live and save the most taxes?
May be moving by May 1st, 2011.
Thanks so much!

[Northbound81]

VA has worse cops. Trust me on that. It's not worth it.

[ATL_II_DMV]

I moved to VA from P.G. and keep much more on my checks than I did before I moved.

I also seem to keep more in state tax returns.

To purchase a car in VA is 3.5% tax, but you pay every year on it in personal property taxes. MD is 6%, but no yearly fee.

[bonnielisabeth]

Virginia does have worse cops...but also has more careful drivers, who are mindful of the cops! I consider that a plus... My auto insurance also went up considerably when I moved to Maryland, you may want to check on that.

While Maryland does not have a yearly fee, but you do have a 2 year registration fee, which is almost as much for me (with my old car) as the yearly property tax in Va.

I do seem to get more state tax refunds in MD.

[DonnaDB]

While the Govenor in NJ tires to convince everyone that they have the highest taxes in the US, all you have to do is the math. With a family income of 100K, NJ income taxes would be about $3600 per year, while in Maryland those taxes would be about $7800 !!!! While propoerty taxes are a little (and not that much) higher in NJ, there is no county income tax as in Maryland. And in NJ you have a local school board that is responsive to your needs, not a far away county board. Can't figure out why the Govenor bashes his own State!

[BMWZ4RUlz]

Originally Posted by DonnaDB

While the Govenor in NJ tires to convince everyone that they have the highest taxes in the US, all you have to do is the math. With a family income of 100K, NJ income taxes would be about $3600 per year, while in Maryland those taxes would be about $7800 !!!! While propoerty taxes are a little (and not that much) higher in NJ, there is no county income tax as in Maryland. And in NJ you have a local school board that is responsive to your needs, not a far away county board. Can't figure out why the Govenor bashes his own State!

huh? but who the heck would ever live in New Jersey?

Fist Pump! GTL baby!

[$mk8795]

Originally Posted by ATL_II_DMV

I moved to VA from P.G. and keep much more on my checks than I did before I moved.

I also seem to keep more in state tax returns.

To purchase a car in VA is 3.5% tax, but you pay every year on it in personal property taxes. MD is 6%, but no yearly fee.

Lets keep it real most of you southerners do not like Maryland for some strange reason and the taxes is far from that reason........