![]() ![]() ![]() An individual's tax liability varies according to his or her tax bracket. The personal income tax rates in Virginia for the 2015 tax year ranged from 2 percent to 5.75 percent. Tax rates Personal income tax See also: Personal income tax The single greatest source of tax revenues in Virginia is the state's personal income tax, which accounted for 56.8 percent of total tax collections in 2013. The state's tax revenues per capita were $2,276, ranking 37th highest in the United States. In 2014, according to the Federation of Tax Administrators, Virginia collected $18,949 billion in tax revenues.For more current information regarding tax policy, click here. The historical Virginia tax policy information below is presented as it was written on Ballotpedia in 2015. If you would like to help our coverage grow, consider donating to Ballotpedia. This article does not contain the most recently published data on this subject. Effect of the Affordable Care Act in Virginia.Oil and gas extraction on federal land in Virginia.Ballot access requirements for presidential candidates in Virginia.Ballot access requirements for political parties in Virginia.Ballot access requirements for political candidates in Virginia.Campaign finance requirements for Virginia ballot measures.Campaign finance requirements in Virginia.A vehicle owned by a trust of any type, either revocable or irrevocable, does not qualify for the tax exemption.Leased vehicles and vehicles owned by a business will not qualify.This exemption shall be applicable beginning on the date the motor vehicle is acquired or January 1, 2021, whichever is later, and shall not be applicable for any period prior to January 1, 2021.The vehicle is owned jointly with the spouse of the disabled veteran.The vehicle is owned and used by the disabled veteran.The following ownership and use qualify for personal property tax exemption:.The one motor vehicle includes only a passenger car or a pickup or panel truck that is registered for personal use.Veteran must have been rated by the US Department of Veterans affairs or its successor agency pursuant to federal law with a 100% service-connected, permanent and total disability.The Constitution of Virginia and Virginia Code §58.1-3668 was amended effective Januto exempt from taxation one motor vehicle owned and used primarily by or for any Veteran of the Armed Forces or Virginia National Guard who meets the following criteria: Personal Property Tax Exemption for Disabled Veterans The personal property tax rate is established by City Council. In accordance with Code of Virginia 58.1-3503, the City of Charlottesville Commissioner of the Revenue uses the “Clean Trade-in Value” established by J.D. ![]()
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