Richmond, VA — income, home value, property tax, and sales tax.
Households in ZIP code 23120, near Richmond, report a median income of $158,667, with per-capita income at $60,533. Homes here carry a median value of $569,300, and the county-level property tax rate sits at 0.76%, which works out to roughly $4,327 annually on a home at that median value. Sales tax adds 6.00% to purchases. Together, these figures sketch a high-earning area where property values are substantial but the tax rate applied to them stays below one percent, and everyday spending carries a standard combined sales tax.
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