Richmond city, VA Property Taxes (2026)

Richmond city owners pay a median of $2,834 a year on a median home value of $328,100, an effective rate of 0.86%. That's the 24th-highest rate of 133 Virginia counties with Census data, above the Virginia county median of 0.63%.

Updated October 2026 · Data: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023)

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Effective tax rate

0.86%

24th highest of 133 in VA

Median annual bill

$2,834

~$236/month

Median home value

$328,100

Virginia county median

0.63%

Effective rate

What a protest could save you in Richmond city

Enter the market value from your appraisal notice. We apply Richmond city's 0.86% effective rate and a 10–15% reduction, the typical range for successful protests.

$
Est. annual tax
$2,822
Savings at 10–15% off
$282–$423
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Richmond city vs. Virginia vs. U.S. property tax rates

Richmond city0.86%
Virginia county median0.63%
U.S. county median0.84%

Key stat: Richmond city's effective property tax rate is 0.86%, vs. 0.63% for the median Virginia county and 0.84% for the median U.S. county. It ranks 24th of 133 in Virginia. Effective rate = median tax bill ÷ median home value, so it already reflects typical exemptions. (Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023))

How to appeal your property taxes in Richmond city

  1. 1

    Review your assessment notice

    Check the assessed value from the Richmond city Commissioner of the Revenue. Compare it to recent sales of similar homes nearby.

  2. 2

    File your appeal before the deadline

    The Richmond city deadline is Varies by locality. Missing it means waiting until the next assessment year.

  3. 3

    Gather evidence

    Recent comparable sales, photos of condition issues, repair estimates or an independent appraisal.

  4. 4

    Present your case

    Submit evidence or attend a hearing with the Commissioner of the Revenue.

  5. 5

    Get your decision

    If you win, your assessed value and bill go down. On a $2,834 bill, 10–15% off is $283–$425 a year.

Want help with it?

TaxDrop builds your case from comparable sales data.

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Property tax exemptions in Virginia

Virginia homeowners may qualify for exemptions that reduce taxable value. Check with the Richmond city Commissioner of the Revenue for amounts.

Homestead exemption

For your primary residence. Reduces the value used to calculate your bill.

Senior / over-65

Many states add an exemption or freeze for owners 65 and older.

Disability

For homeowners with qualifying disabilities, often similar to the over-65 benefit.

Veterans

Disabled veterans may get partial or full exemptions depending on rating.

Frequently Asked Questions

What is the property tax rate in Richmond city, Virginia?
The median effective property tax rate in Richmond city is 0.86%: a median annual bill of $2,834 on a median home value of $328,100. That's the 24th-highest rate of 133 Virginia counties with Census data. Your own rate depends on which city, school district and special districts you're in. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023).
How much are property taxes in Richmond city?
The median Richmond city property tax bill is $2,834 a year, about $236 a month, compared with a Virginia county median of $1,532.
What is the deadline to appeal property taxes in Richmond city?
The deadline to appeal in Richmond city is Varies by locality. Missing it means waiting until the next assessment cycle.
Is Richmond city a high property tax area?
Richmond city's 0.86% effective rate is above the Virginia county median of 0.63% and above the U.S. county median of 0.84%. That's the 24th-highest rate of 133 Virginia counties with Census data.
Can TaxDrop help lower my Richmond city property taxes?
TaxDrop analyzes your property against local comparable sales and helps you appeal your assessment.

Property taxes in nearby counties

Henrico County

Rate: 0.72%

Median bill: $2,416

Chesterfield County

Rate: 0.78%

Median bill: $2,636

Hanover County

Rate: 0.67%

Median bill: $2,506

Colonial Heights city

Rate: 0.92%

Median bill: $2,127

Hopewell city

Rate: 0.97%

Median bill: $1,600

Petersburg city

Rate: 0.92%

Median bill: $1,449

Powhatan County

Rate: 0.63%

Median bill: $2,418

King William County

Rate: 0.63%

Median bill: $1,733

← All 133 Virginia counties

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