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Richmond city, VA Property Tax Calculator

Richmond city homeowners pay a median $3,150 a year in property tax, 0.89% of a median $353,000 home: above Virginia's 0.73% but below the national 0.94%.

At an effective rate of 0.89%, a $353,000 home pays about $3,149 a year in property tax, $262 a month.

Property tax a year
$3,149
A month (for escrow)
$262
Effective rate on the home
0.89%

Property tax in Richmond city by home value, at 0.89%

Home valueA yearA month
$200,000$1,784$149
$300,000$2,676$223
$400,000$3,568$297
$500,000$4,460$372
$750,000$6,690$558
$1,000,000$8,920$743

Richmond city against Virginia and the US

Effective rateMedian taxMedian home valueMedian household income
Richmond city0.89%$3,150$353,000$64,587
Virginia0.73%$2,790$383,700$93,170
United States0.94%$3,119$332,700$80,734

How this calculator works

Median real estate taxes paid ÷ median home value in Richmond city, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at the county's median home value and rate.

What it assumes

  • Cities, school districts and special districts within the county levy different rates, so bills vary within it.
  • Survey figures cover 2020 to 2024 and lag recent reassessments.

Questions people ask

What is the property tax rate in Richmond city?

The effective rate is 0.89%: a median $3,150 a year on a median $353,000 home. That's the 11th highest of the 36 Virginia counties we cover.

How much is property tax on a $400,000 house in Richmond city?

About $3,568 a year, $297 a month, at the county's effective rate, before any exemption.

How does Richmond city compare with the rest of Virginia?

Its rate is above the state's 0.73%. Across Virginia, covered counties range from 0.43% to 1.04%.

How do I lower my Richmond city property tax?

Apply for every exemption you qualify for, such as a homestead exemption, and appeal your assessment if it is higher than comparable homes sold nearby; the county assessor explains the deadlines.

Other Virginia counties

Related calculators

  • Virginia Property Tax CalculatorVirginia homeowners pay a median $2,790 a year in property tax, 0.73% of a median $383,700 home: the 31st highest effective rate of the 50 states and DC.
  • Virginia Mortgage CalculatorYour monthly mortgage payment in Virginia, with Virginia's effective property tax rate (0.73%) built in, at this week's average rate. The calculator starts at the state's median home value, $383,700.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.