Taxes in Midlothian

Virginia's graduated income tax (2%/3%/5%/5.75%, functioning as a near-flat 5.75% for most working filers) applies to Midlothian residents same as anywhere in the state, layered with Chesterfield County's own real, multi-year property-tax-cutting trend -- $0.89 per $100 of assessed value for 2026, the lowest in the county's modern history.

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Virginia's near-flat income tax -- restated as place-level context

Virginia applies graduated brackets (2% on the first $3,000, 3% on $3,001-$5,000, 5% on $5,001-$17,000, 5.75% above $17,000) that function, for the overwhelming majority of working filers, as a near-flat 5.75% tax once income clears the low $17,000 top-bracket threshold -- unchanged for decades, per the statewide record (virginia.js) and richmond-va.js.

Chesterfield's real, multi-year property-tax-cutting trend

Chesterfield County's Board of Supervisors cut the real estate tax rate for the fourth consecutive year in 2026, reaching $0.89 per $100 of assessed value -- down 6 cents since FY21 and the lowest rate in the county's modern history. This dataset's own richmond-va.js record, built earlier in the same project, cited an earlier $0.91 figure -- both disclosed as genuinely different tax-year snapshots reflecting a real, ongoing rate-cutting trend, not a data error.

Chesterfield's combined sales tax matches the Richmond region

Chesterfield's combined 2026 sales tax rate is 6.0%: Virginia's 4.3% state rate, plus a 1% county-option rate, plus a 0.7% regional (Central Virginia transportation) tax -- the same total rate as Henrico County and Richmond city, since all three sit within the same Central Virginia sales-tax region.

No state estate or inheritance tax; Social Security fully exempt

Consistent with the statewide record, Virginia levies no state estate tax or inheritance tax, and Social Security benefits are fully exempt at any age. Retirees 65+ can claim an age deduction of up to $12,000, phased out above $50,000 (single) / $75,000 (MFJ) federal AGI. Confirm current guidance for any actual tax-planning decision.

Key takeaways

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Last reviewed: 2026-08-24. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.