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Reply to "How much taxes would we save if we moved from MoCo to Fairfax County?"
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[quote=Anonymous]Just from your numbers, with VA income tax higher by 0.75%, that means that the income tax difference is only 2.45%, not the full 3.2% which makes it closer to 9800 (as opposed to $12800) for your income. Also, you'll be paying 0.35% higher real estate taxes. For a $1M house that's $3500 per year more in VA. If your house is only $750K then that's still $2625 to cut to income tax difference. Then the property tax on the cars. Even with cheap old cars, you still have to pay the tax on the estimated blue book value of the car. So if your old car is worth $2K then they'll still charge you the $91.40 of taxes on the old car. As another PP pointed out, once the dust settles, you're talking about just over 1% of your income. I bet that there are a lot more important issues than the taxes when it comes to whether or not you want to move to Fairfax.[/quote]
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