What is the property tax rate in Richmond, VA?

Richmond has an estimated effective property tax rate of 0.86%. On a median home valued at $328,100, homeowners pay approximately $2,834 per year in property taxes.

How does Richmond compare to Richmond city?

Richmond's effective rate of 0.86% is 3% lower than the Richmond city average of 0.89%. The county-wide median annual tax is $3,150, while Richmond homeowners pay an estimated $2,834.

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

Based on Richmond's effective rate of 0.86%, property taxes on a $300,000 home would be approximately $2,580 per year, or about $215 per month.

Richmond Property Tax Rate

Richmond city, Virginia

0.86%effective rate

Richmond is located in Richmond city, Virginia. Homeowners in Richmond pay a median of $2,834 per year in property taxes on a home valued at $328,100, resulting in an effective tax rate of 0.86%. This is 3% lower than the Richmond city average of 0.89%.

Effective Tax Rate🏠

0.86%

vs 0.89% county avg

Est. Annual Tax💰

$2,834

Per year

Median Home Value📊

$328,100

2024 estimate

Population📍

227,595

Richmond, VA

How Richmond Compares

Richmond

0.86%

Richmond city Average

0.89%

Virginia Average

0.73%

National Average

0.92%

About Property Taxes in Richmond

Property taxes in Richmond are collected by Richmond city. Tax exemptions available to Richmond city 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 Richmond city 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

$2,580

$215/month · Rate: 0.86%

Richmond city Property Taxes

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

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Virginia Property Taxes

Statewide rates, all 133 counties, and exemptions.

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Think your property tax is too high?

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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.