Living in Maryland VS Living in Virginia - Which one is better? Today we are covering Maryland vs Virginia and which state is better estate and inheritance taxes. Maryland has an estate and inheritance taxes and is one of the few states that charges both. Virginia does not charge inheritance or estate. We suggest getting with an accountant or CPA to discuss retirement in Maryland.
Are you thinking of making a move to Maryland, Northern Virginia or the Washington DC metro area? Today we have the ultimate comparison between MD vs VA, so DC area residents can make the best choice for them. We discuss Maryland being a blue state and Virginia being a red state, however the DC metro area, including Northern Virginia is all blue when it comes to politics. We discuss education and how many of the Top schools in the country are located in both Northern Virginia and Montgomery County Maryland. Development in Virginia is much more dense compared to Maryland. There are many more tear downs and new constructions happening in the Northern Virginia area as well. Virginia's business and economy is booming right now with new corporations building in the area, including Amazons new HQ2 going into Arlington, VA. Moving further away from the Washington DC area, there are many parks, hiking and beaches within both Maryland and Virginia. We discuss Washington DC has the highest taxes of the 3 jurisdictions, followed by Maryland and Virginia being the least. Virginia imposes a personal property tax on vehicles. We also discuss which state may be better in terms of taxes if you are in the retirement phase of your life.
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**Most stats and data mentioned came from the following sites and are not based on our opinions:
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**All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording
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This channel is all about living in Washington DC, moving to Washington DC, and relocating to Washington DC. We also cover living in Northern Virginia, moving to Northern Virginia, and relocating to Northern Virginia, as well as the Maryland suburbs in Montgomery County.
If you want to know everything there is to know about living, working, and playing in Washington DC and the surrounding areas, then subscribe and tap the bell for notifications so that you can be the first to know about the current market in Washington DC.
We get calls and emails every day from people just like you, looking to make their move to DC or the surrounding areas, and we love it. Whether you’re moving now or in the near future, give us a call, send us a text, or send us an email and we’ll get that conversation started.
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James Reid is a licensed real estate agent in Washington, DC, the State of Maryland, as well as the Commonwealth of Virginia.
Washington, DC Real Estate License - SP40000049
Maryland Real Estate License - 5007058
Virginia Real Estate License - 0225251802
Brokered by TTR Sotheby’s International Realty
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