Richmond, VA — income, home value, property tax, and sales tax.
In ZIP code 23237, near Richmond, homes carry a median value of $277,100 while the county-level effective property tax rate sits at 0.76%, translating into a yearly bill of roughly $2,106. With median household income at $79,606 and per-capita income at $33,374, that tax load equals about 2.6% of a household's annual earnings. Sales tax adds 6.00% to purchases. Buyers weighing this area should note that housing costs here track with local wages, and the property tax bite stays contained relative to what households bring in each year.
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