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Greenbackville
Greenbackville
Virginia
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Greenbackville is a census-designated place (CDP) 4.5 miles (5 km) south of Stockton, Maryland in Accomack County, Virginia, located just south of the Maryland state line. The population as of the 2010 Census was 192. The town was settled in 1867 and was officially named "Greenbackville" by the United States Postal Service in 1874. Greenbackville and neighboring Franklin City, Virginia grew as a result of the railroad line, the Worcester railroad, completed in April 7, 1876 to transport oysters and other shellfish from Chincoteague to Baltimore, Philadelphia, and New York City. However, during the course of the 20th century the Depression, the construction of the Chincoteague Causeway, and the nor'easter of 1962 all helped to erode Greenbackville's economic base. The railroad line from the Maryland State line into Franklin City was abandoned in 1956. The population of Accomack County near Greenbackville grew with the creation of Captain's Cove, a planned residential community just west of Greenbackville.

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Taxes

B

How did Virginia earn the grade of B? We examined the state taxes based on how age friendly they are. Virginia has a state sales tax of 5.30%. Of particular interest is that Virginia does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Virginia has an effective property tax rate of 0.79%. Weighing these taxes and other taxes most likely to impact the aging population is how Virginia earned its state tax grade of B.

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