Richmond, Indiana — Tax Burden
What is the tax burden in Richmond, Indiana?
Richmond, Indiana has a total tax burden of 7.05%, ranking #5671 nationally. Property tax rate: 0.81%, state income tax: 3.050%, sales tax: 7.00%. Median household income is $46,356.
Source: US Census ACS, 2022
Ranked #5671 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
7.05%
Rank: 5671st nationally
Property Tax Rate
0.81%
Rank: 4374th nationally
Income Tax Rate
3.050%
Indiana state rate
Sales Tax Rate
7.00%
State + local combined
Tax Burden Breakdown
Property (24%)Income (43%)Sales (33%)
Median Income: $46,356
Median Home Value: $96,800
Median Property Tax: $783/yr
Population: 35,642