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Taxes in DC vs MD vs VA
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SaS
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Taxes in DC vs MD vs VA - April 6, 2011, 04:01 PM

Maryland residents pay higher state, local taxes than Va., D.C. | Leah Fabel | Virginia | Washington Examiner

Maryland residents pay higher state, local taxes than Va., D.C.

With federal tax day approaching, Washington area families are also contending with a high state, county and local tax burden, with a typical household in some Maryland suburbs facing more than $15,000 in combined non-federal taxes, while Northern Virginia families get off a bit easier at about $13,000.

And while local officials would argue those taxes are the price the area pays for top-notch public services, the relationship between the two is not always easily measurable.

A typical area family -- one with $150,000 annual household income, a home valued at $350,000 and cars worth $20,000 -- pays more in state and local income and property taxes in Prince George's County than they do in Arlington, where, despite the lower tax rate, the schools are rated higher, the crime rate lower, and the budget more stable, according to a Washington Examiner analysis of tax rates in each jurisdiction.

Residents of Prince George's County pay $2,000 a year more than those in Arlington County and the gap is even greater when income and property values are running higher, the analysis shows.

Taking into account income, vehicle and property taxes, Prince George's County residents pay even more than those in Montgomery County, which has always had one of the largest tax burdens in the region. A family that pays $14,400 a year in Montgomery would pay $15,200 in Prince George's.

Arlington and Fairfax come in on the low end at just over $13,000, even with Virginia's scorned personal-property tax on cars and other vehicles.

The same family would pay $14,500 if they lived in Washington, the analysis shows.

"Economists have long based their analyses on the fact that people do react to taxes, but to what degree it's true is difficult to measure," said Mark Robyn, economist with the nonpartisan Tax Foundation.

More specifically, people are likely to respond to the services and taxes that directly affect them, Robyn said. Retirees, for example, often live where sales taxes are low, but income taxes, which don't affect them, are high.

There are marked philosophical differences between how area jurisdictions tax residents. In Maryland counties, unlike Virginia, the 6 percent sales tax does not apply to groceries. But the higher taxes overall are driven by Maryland counties' ability to impose a local income tax - 3.2 percent in Montgomery and Prince George's. Combined with a state income tax rate of about 4.75 percent, most employed Marylanders in the D.C. suburbs end up paying nearly 8 percent on every dollar earned.

The high income tax rate -- and, conversely, a lower property tax rate than in the Virginia counties -- reflect the county's political values, too, said longtime Montgomery Councilman Phil Andrews.

"Over the past decade there's been an effort in Montgomery County to establish a more progressive tax structure, and to rely more on income taxes and less on property taxes," Andrews said.

The recent recession threw a wrench into that plan by driving down income and subsequent income taxes, Andrews said, "but it was still a good direction in which to move."

In neighboring Virginia counties, state law allows jurisdictions less flexibility to tax residents. County boards are unable to impose a restaurant tax or a local income tax, for example, and thus have been forced to rely on property taxes, which they can control.

"We've been very successful at holding the line on taxes while maintaining a high quality of life," said Fairfax Chairwoman Sharon Bulova. "But we are overreliant on real estate taxes. ... Would we like to diversify so we're not so reliant on them? The answer is yes."
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April 6, 2011, 04:04 PM

The Tax Foundation - Tax Research Areas > Maryland

The Tax Foundation - Tax Research Areas > Virginia


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April 6, 2011, 04:46 PM

I read the article in the Examiner the other day and lol'd. They even put a nice graph in there so PG county residents can read it in the kitchen.


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April 6, 2011, 08:58 PM

Another hitpiece written by a bitter Virginian.

The river is still ours and no, we will not trade 270 for 66. Keep yo broken ass highway bishes!
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April 7, 2011, 08:11 AM

Maryland is a commie state and has to pay for it's communist views. Suck it b00st.



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The last urrbendah
 
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April 7, 2011, 08:24 AM

Quote:
Originally Posted by b00st View Post
Another hitpiece written by a bitter Virginian.

The river is still ours and no, we will not trade 270 for 66. Keep yo broken ass highway bishes!
She lives in DC and is from MN..


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April 7, 2011, 09:23 AM

Wonder why MD is so expensive considering the geographic size of it.


*Not intended to be a factual statement.
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April 7, 2011, 09:28 AM

DC is still the best bet going...
Home owners get $67,500 reduction in property tax.
DC Homestead act.

Office of Tax and Revenue: Homestead Deduction

MD, nore VA off any discounts just for living in the city.

Taxes in DC vs MD vs VA

What is the DC Homestead Act?



So you are thinking about purchasing a new home in the District and you have heard about the DC Homestead Act. What is it?

Well according to the DC official website:

"This benefit reduces your real property's assessed value by $67,500 prior to computing the yearly tax liability.

The Homestead benefit is limited to residential property. To qualify:

1.
An application must be on file with the Office of Tax and Revenue;
2.
The property must be occupied by the owner/applicant and contain no more than five dwelling units (including the unit occupied by the owner); and
3.
The property must be the principal residence (domicile) of the owner/applicant.

If a properly completed and approved application is filed from October 1 to March 31, the property will receive the Homestead benefit for the entire tax year (and for all tax years in the future). If a properly completed and approved application is filed from April 1 to September 30, the property will receive one-half of the benefit reflected on the second-half tax bill (and full deductions for all tax years in the future)."

Basically...the Homestead Act saves you money on your property taxes for ONLY your primary residence.


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4 the <3 Love of DC....
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Я - Ребенок Люциферов
 
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4 the <3 Love of DC.... - April 7, 2011, 09:42 AM

Views of DC.....

Love of my city !!!

All The GOod !!!







































but...
we do have some bad...not much..

the bad


rush hour Road rage....




Periodic SWF Jogger who end up being floaters in rock creek park...


too many liqure stores..









DC
Live & Die in DC....

Fo Life...




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April 7, 2011, 09:43 AM

I'll pray for your hater ass while I'm whipping donuts in the backyard on my TTR.


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April 7, 2011, 02:58 PM

lol


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April 7, 2011, 06:37 PM

they should compare equal size houses for property tax not equal price houses. $350k will buy a lot more house in PG county then it will in Arlington.


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April 7, 2011, 07:49 PM

Quote:
Originally Posted by thesasse1 View Post
Maryland is a commie state and has to pay for it's communist views. Suck it b00st.


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April 7, 2011, 08:42 PM

More important: Virginians can buy booze on Sunday. You damned puritans with your high crime rates...
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April 7, 2011, 09:13 PM

MD senate just passed an alcohol tax of 1%. And every year thru 2013 it will increase an addtl 1% per year. MD is turning into a liberal cesspool.

I work in VA and live in MD. Its time to get out of MD and move to VA.

Beer is a lot cheaper in VA than in Montgomery county, by at least 25%. On some of the higher end bears its even more.

Example: Bottle of Chimay Blue. At the Harris Teeter & whole Foods in Reston & Herndon... about $12 per bottle. I haven't seen it for less than $18 in Montgomery County.

MD is an immigrant haven. And they are taxing the residents to keep that up. Time to move out of MD. And until then, I'll patronize beer stores in VA.

Martin O'Malley and his liberals can kiss my Ass.
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