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Reply to "Moving from MD to VA; Vehicle Property Tax, any other "hidden costs"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There have been calculations on this. Unless you are wealthy, it’s basically break even. If you are wealthy you save a good bit in Virginia. Maryland doesn’t have the personal property tax but they have 3.2% county income tax.[/quote] What do you mean by wealthy?[/quote] Pretty much anyone married under 200k income with kids and several cars not a big difference. Under 60k, married and own two cars better off in MD. As VA state top rates kicks in at a very very low income limit and car tax. Plus MoCo is a nanny state with high taxes as they have bloated services. Lower income folks use those services. VA a slam dunk on DCOM where we have all 500k a year folks. Unless you are like guy in Potomac with a Ferrari collection. He is rich but VA car tax would kill him [/quote]
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