Richmond, VA — income, home value, property tax, and sales tax.
In ZIP code 23173, near Richmond, per-capita income stands at just $5,558, so the county's 0.89% effective property tax rate weighs heavily against what people bring in. A home valued at $200,000 would carry roughly $1,780 in annual property taxes — a sum that consumes a large share of earnings at this income level. Combined with a 6.00% sales tax, everyday purchases also take a bite. Buying a home here hinges less on the rate itself, which is fairly low, and more on how far a small income stretches against both taxes and price.