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Port Royal
Port Royal
Virginia
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Port Royal is an incorporated town in Caroline County, Virginia, United States. The population was 126 at the 2010 census. Port Royal was established in the mid-17th century in the Colony of Virginia primarily as a port at the head of the navigable reach of the Rappahannock River for export of tobacco, Virginia's cash crop. The town was also set along an early stage road, which brought passengers and freight for embarkation upon the river there. It still remains a crossroads along the busy modern highways of U.S. Route 17 and U.S. Route 301.

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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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