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Reply to "Taxes in MD versus VA"
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[quote=Anonymous]We recently moved from MD to VA. Here are the financial differences: - No more MoCo tax (3.2%) - Property taxes are a bit lower (MoCo just raised property taxes in 2016 by almost 9%) - Car tax depends on the age of the car you drive. For example, for a 2007 vehicle, we pay less than $80 in car tax. - Homeowners insurance is about half in VA for what we paid in MD (e.g. $1k in MD and $500 in VA) though our house in VA is double the value than our house in MD - No more bag tax in VA (MoCo charges 5 cents per plastic bag) - Red light and speed cameras are almost non-existant in VA (in MoCo, you get at least 1 or 2 of these per year) All of the above adds up to meaningful savings. [/quote]
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