Property Tax in Richmond city, Virginia
In Richmond city, Virginia, the median property tax is $3,150/year — an effective tax rate of 0.89%. The median home value is $353,000.
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How Richmond city Compares
| Metric | Richmond city | Virginia Avg | U.S. Avg |
|---|---|---|---|
| Effective Tax Rate | 0.89% | 0.65% | 0.92% |
| Median Tax / Year | $3,150 | $2,023 | $1,630 |
| Median Home Value | $353,000 | $295,807 | $227,706 |
Market Analysis
Richmond city's effective property tax rate of 0.89% is 36.5% above the Virginia state average and 2.8% below the U.S. national average. This is a moderately-priced tax jurisdiction relative to national norms.
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Housing Market Data → Mortgage Guide →Frequently Asked Questions
What is the property tax rate in Richmond city?
The effective property tax rate in Richmond city is 0.89%, based on the median property tax paid ($3,150) divided by the median home value ($353,000).
How does Richmond city compare to the rest of Virginia?
Richmond city's rate is 36.5% above the Virginia state average of 0.65%. See the full Virginia breakdown.
Can I appeal my property tax assessment in Richmond city?
Yes. Most U.S. counties allow property owners to appeal their assessed value. See our Appeal Guide for the process and deadlines.
What exemptions are available in Virginia?
Virginia offers various exemptions, including homestead, senior citizen, veteran, and disability exemptions. See our Exemptions Guide.
Data Source: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates. Variables: B25103 (Median Real Estate Taxes Paid), B25077 (Median Home Value). Public domain. Effective rate = median tax ÷ median home value × 100. This page is for informational purposes only and does not constitute tax or legal advice.