Tax Comparison: Weyers cave, VA vs Monroe city, MO
Understanding Your Tax Burden
This page compares the three main types of taxes between Weyers cave, VA and Monroe city, MO: 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
Weyers cave, VA
$2,054
Based on a $419,200 home
Rate: 0.4900%
Monroe city, MO
$3,640
Based on a $419,200 home
Rate: 0.8684%
| Data | Weyers cave, VA | Monroe city, MO |
|---|---|---|
| Effective Property Tax Rate | 0.4900% | 0.8684% |
| Estimated Property Tax | $2,054 | $3,640 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Weyers cave, VA are $1,586 lower than in Monroe city, MO 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
VA
2%-5.75%
Single: $5,060
Married: $9,108
MO
2%-4.8%
Single: $4,620
Married: $8,316
| Data | VA | MO |
|---|---|---|
| Tax Rate | 2%-5.75% | 2%-4.8% |
| Single Filer ($100k) | $5,060 | $4,620 |
| Married Couple ($200k) | $9,108 | $8,316 |
| Median Income ($80.6k) | $4,636 | $3,789 |
Comparison: Income taxes in MO are $847 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
Weyers cave, VA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Monroe city, MO
10.100%
Combined rate
Annual sales tax: $1565
(Based on $15,500 spending)
| Data | Weyers cave, VA | Monroe city, MO |
|---|---|---|
| State Sales Tax | 5.30% | 4.23% |
| Combined Sales Tax | 8.000% | 10.100% |
| Annual Tax Amount | $1,240 | $1,565 |
Comparison: Shopping in Weyers cave, VA costs $325 less in annual sales tax than in Monroe city, MO for the average household.
Tax Comparison Insights
Tax Insights: Weyers cave vs Monroe city
- Property Tax: Weyers cave has a 0.3784 percentage points lower effective property tax rate than Monroe city.
- Income Tax: Living in MO could save you approximately $847 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Weyers cave is 2.10 percentage points lower than in Monroe city.
Overall Tax Burden Comparison
Weyers cave, VA
$7,930
Combined annual tax burden
Property
$2,054
Income
$4,636
Sales
$1,240
Monroe city, MO
$8,994
Combined annual tax burden
Property
$3,640
Income
$3,789
Sales
$1,565
Overall Comparison: Weyers cave, VA has an estimated $1,064 lower total tax burden than Monroe city, MO 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.