Do you pay more taxes in VA or MD? | Comparing taxes in Virginia and Maryland: Who wins? | [2023]

Do you pay more taxes in Northern Virginia or Maryland? Do you know the basic differences in taxes between Virginia and Maryland? Join us in this quick overview where we highlight the basic differences in income tax, property tax, and personal property tax in these neighboring states.
Get an overview of income tax structures, with a brief look at rates and general features that distinguish Virginia and Maryland (specifically Northern Virginia and neighboring counties in Maryland). This video provides a starting point for understanding how these states handle income taxes without delving into intricate details that may vary for different individuals and situations.
Explore the fundamental differences in property taxes, including basic rates. Whether you're a prospective homeowner or just interested in the basics, this overview offers a general sense of how property taxes are approached in Virginia and Maryland.
Additionally, catch a glimpse of personal property taxes, focusing on the broad strokes of how both states assess taxes on vehicles and other assets. Keep in mind that individual circumstances may introduce additional details not covered in this surface-level comparison.
This video is designed to provide a quick reference for those seeking a general understanding of tax distinctions between Virginia and Maryland. For more in-depth information tailored to specific cases, it's recommended to consult local tax authorities or financial professionals.
If you are moving in/to Northern Virginia, we know it's a HUGE decision, and it's important to have all the information you need before making the right one. We hope that this video will help you make the best decision for your future!
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Paul Kim is a Northern Virginia Real Estate Agent, specializing in residential, new home construction and relocations. He serves the greater Northern Virginia area, including Fairfax, Falls Church, McLean, Arlington, Tysons, Vienna, Burke, Springfield, Centreville, and everywhere else you might consider "Nova". Allow him to sell your home for more in less time, utilizing modern marketing strategies, or to partner with you in pursuit of your new home.
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[@lifeinnova]

🤔Thinking of Moving to/in Northern Virginia?
📱 Call or Text: 703-457-1255
📨 Email: [e-mail]

[@xianx1866]

Thank you for sharing this good information!

[@lifeinnova]

Thank you for taking the time to watch! 🙏🏻

[@tcironbear21]

A house in Virginia is going to cost you an extra 100k. So add the current mortgage rate by that 100k.

[@lifeinnova]

Depends where you want to live :)

[@tcironbear21]

​@@lifeinnova Comparing commute/neighborhood quality/schools between the two states you will find about 100k different. And you are not commuting to downtown DC, why would you be debating between Maryland or Virginia? If your job in Virignia, Virginia is the best choice. If you live in Maryland, Maryland is your best choice.

[@ronberman8947]

What's also important are the differences in programs and services offered in Norhern Virginia and Maryland..

[@lifeinnova]

Yes definitely!

[@user-jq6oj1bt9r]

혹시 한국말도 가능하세요?

[@lifeinnova]

네 [e-mail] 이메일 보내주시면 바로 연락 드리겠습니다 🙏🏻

[@economicdevelopmentplannin8715]

The rich men North of Richmond. Where the money goes, nobody knows 😂

[@lifeinnova]

I know this song...