Richmond, Virginia — Tax Burden
What is the tax burden in Richmond, Virginia?
Richmond, Virginia has a total tax burden of 11.78%, ranking #2165 nationally. Property tax rate: 0.88%, state income tax: 5.318%, sales tax: 5.75%. Median household income is $59,606.
Source: US Census ACS, 2022
Ranked #2165 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
11.78%
Rank: 2165th nationally
Property Tax Rate
0.88%
Rank: 3916th nationally
Income Tax Rate
5.318%
Virginia state rate
Sales Tax Rate
5.75%
State + local combined
Tax Burden Breakdown
Property (39%)Income (45%)Sales (16%)
Median Income: $59,606
Median Home Value: $308,300
Median Property Tax: $2,721/yr
Population: 227,171