Colonial Heights is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 17,411. The Bureau of Economic Analysis combines the City of Colonial Heights (along with the City of Petersburg) with Dinwiddie County for statistical purposes. Colonial Heights is located in the Tri-Cities area of the Richmond Metropolitan Statistical Area (MSA).
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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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