What is the property tax rate in Richmond, IN?

Richmond has an estimated effective property tax rate of 0.87%. On a median home valued at $107,600, homeowners pay approximately $932 per year in property taxes.

How does Richmond compare to Wayne County?

Richmond's effective rate of 0.87% is 7% higher than the Wayne County average of 0.81%. The county-wide median annual tax is $1,137, while Richmond homeowners pay an estimated $932.

How much are property taxes in Richmond on a $300,000 home?

Based on Richmond's effective rate of 0.87%, property taxes on a $300,000 home would be approximately $2,610 per year, or about $218 per month.

Richmond Property Tax Rate

Wayne County, Indiana

0.87%effective rate

Richmond is located in Wayne County, Indiana. Homeowners in Richmond pay a median of $932 per year in property taxes on a home valued at $107,600, resulting in an effective tax rate of 0.87%. This is 7% higher than the Wayne County average of 0.81%.

Effective Tax Rate🏠

0.87%

vs 0.81% county avg

Est. Annual Tax💰

$932

Per year

Median Home Value📊

$107,600

2024 estimate

Population📍

35,551

Richmond, IN

How Richmond Compares

Richmond

0.87%

Wayne County Average

0.81%

Indiana Average

0.74%

National Average

0.92%

About Property Taxes in Richmond

Property taxes in Richmond are collected by Wayne County. Tax exemptions available to Wayne County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Richmond. For detailed information on available exemptions and the county tax collector, see the Wayne County property tax page.

Property Tax Calculator

Estimate your annual property tax in Richmond

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$2,610

$218/month · Rate: 0.87%

Wayne County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Indiana Property Taxes

Statewide rates, all 92 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.