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Residents of Virginia Beach have an average tax burden of 8.50%. This value is based off a combined estimate of state plus local sales, auto, property and income taxes. In 2017 local taxes alone in this city were 0.7% and Virginia Beach was happily ranked #100 for tax burdens on large American cities. It is also worth noting that Virginia levies a mandatory 1% statewide add-on sales taxes at the local level. This tax is included in Virginia state sales tax rates. Northern Virginia and Hampton Roads have an additional 0.7% rate which is treated as a local tax.
The estimated population of Virginia Beach City, Virginia is 437,994 with 177,879 of those people taking residence in 165,089 housing units. Virginia Beach has around 89,771 housing units that are owned with a mortgage or a loan, 18,007 that are owned free and clear and 57,311 that are renter occupied.
Review active property listings that are eligible for USDA loans in Virginia Beach.
According to a list of the fastest growing cities, the city of Virginia Beach is ranked overall as number 444 in the nation. Virginia Beach, Virginia is also ranked poorly at number 446 for the economy and number 398 for socio-demographics.
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