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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] You don't have to be wealthy to save. That MOCO 3.2% is greater than the car tax. At 80k single it's about 2k+ more take home pay from MOCO to FX after car tax. My kids and millenial friends rank it highest to lowest: MOCO, DC, VA. So we see more expensive cars in MOCO than FX. Keep the old stuff running. It's like getting a 3.2% raise less about 500 for a 5 year old avg priced vehicle.[/quote] Property tax like 3k cheaper MoCo on my house [/quote]
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