Richmond, VA — income, home value, property tax, and sales tax.
In ZIP code 23229, near Richmond, homes carry a median value of $485,400, and the county-level effective property tax rate of 0.71% yields an annual bill of roughly $3,446. With median household income at $107,854, that levy equals about 3.2% of yearly earnings, while per-capita income stands at $63,629. A 6.00% combined sales tax applies to purchases. Home values here outpace what many single earners bring in, so buyers often pair incomes to qualify for mortgages.
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