Calculate using real Richmond data. Median home price: $310,000. Property tax rate: 1.2%.
The effective property tax rate in Richmond, VA is 1.2%. On the median home value of $310,000, that equals approximately $3,720 per year.
At the 1.2% effective rate, a $310,000 home in Richmond, VA would pay about $3,720 annually, or $310 per month.
The 1.2% rate in Richmond, VA is above the national average of roughly 1.1%.