Tax Comparison: Alum creek, WV vs Bedford, VA
Understanding Your Tax Burden
This page compares the three main types of taxes between Alum creek, WV and Bedford, VA: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Alum creek, WV
$2,863
Based on a $419,200 home
Rate: 0.6830%
Bedford, VA
$1,917
Based on a $419,200 home
Rate: 0.4573%
| Data | Alum creek, WV | Bedford, VA |
|---|---|---|
| Effective Property Tax Rate | 0.6830% | 0.4573% |
| Estimated Property Tax | $2,863 | $1,917 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Bedford, VA are $946 lower than in Alum creek, WV for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
WV
2.36%-5.12%
Single: $4,921
Married: $8,858
VA
2%-5.75%
Single: $5,060
Married: $9,108
| Data | WV | VA |
|---|---|---|
| Tax Rate | 2.36%-5.12% | 2%-5.75% |
| Single Filer ($100k) | $4,921 | $5,060 |
| Married Couple ($200k) | $8,858 | $9,108 |
| Median Income ($80.6k) | $4,271 | $4,636 |
Comparison: Income taxes in WV are $365 lower than in VA for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Alum creek, WV
7.000%
Combined rate
Annual sales tax: $1085
(Based on $15,500 spending)
Bedford, VA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Alum creek, WV | Bedford, VA |
|---|---|---|
| State Sales Tax | 6.00% | 5.30% |
| Combined Sales Tax | 7.000% | 8.000% |
| Annual Tax Amount | $1,085 | $1,240 |
Comparison: Shopping in Alum creek, WV costs $155 less in annual sales tax than in Bedford, VA for the average household.
Tax Comparison Insights
Tax Insights: Alum creek vs Bedford
- Property Tax: Bedford has a 0.2257 percentage points lower effective property tax rate than Alum creek.
- Income Tax: Living in WV could save you approximately $365 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Alum creek is 1.00 percentage points lower than in Bedford.
Overall Tax Burden Comparison
Alum creek, WV
$8,219
Combined annual tax burden
Property
$2,863
Income
$4,271
Sales
$1,085
Bedford, VA
$7,793
Combined annual tax burden
Property
$1,917
Income
$4,636
Sales
$1,240
Overall Comparison: Bedford, VA has an estimated $426 lower total tax burden than Alum creek, WV based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.