Your tax bill, explained

A home in the City of Richmond. Enter your own assessed value to see where every dollar of your property tax goes — and how it compares with each government’s “no-raise” rate. Updated 2026-10-06.

$4,800 a year — about $400 a month

On an assessed value of $400,000. An estimate from published rates — your own tax notice is the final word.

Of every $100 you pay

City of Richmond$100.00 · $4,800 a year

Where it ends up — every government’s share, by what it pays for

City services$100.00 · $4,800

Each government’s share is one slice unless it publishes a debt split.

The “no-raise” rate — how this state handles it

Virginia requires a locality to advertise a lowered rate when reassessment raises its tax base. Richmond skipped reassessment in 2026, so no lowered rate applies to FY2027.

City Council sets the rate with the budget each spring. Meetings are on the calendar.

Each government, line by line

City of Richmond — $4,800 a year

$1.2000 per $100 on $400,000 of taxable value · FY2027 (unchanged since 2008) · City of Richmond — Real Estate Tax

City services (Richmond has no separate county; schools are funded by the city)$4,800

What this doesn’t show — the honest limits

Fees and assessments on the same bill — stormwater, trash, street lights and others — aren’t property taxes and aren’t included.
Senior, veteran, widow and disability exemptions aren’t modeled.
Richmond’s tax relief for older and disabled owners isn’t modeled.
Spreading a government’s tax across its whole budget is a fair picture, not a receipt: most budgets also run on other money (sales tax, state aid, fees).

Related: Tax lab — change the rates · The money trail · What if we saved?. This page computes and cites; it doesn’t say what any rate should be. Spot an error? Report it.