Richmond, Charles City County, Virginia Property Taxes
Property Taxes in Richmond, Virginia
Median Richmond, Virginia effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Richmond, Virginia home value: $215,500
Median annual Richmond, Virginia tax bill: $1,426, lower than the national median property tax bill of $2,400.
How are property taxes in Charles City calculated?
Property taxes in Richmond, Virginia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Richmond's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmond, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Richmond, Charles City County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,422
$1,320
How Does the Richmond Property Tax Calculator Work?
Use this Richmond property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Richmond's median effective tax rate of 0.66% — based on actual property records in Charles City County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Richmond's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Richmond's median effective tax rate is lower than the 0.90% state median tax rate, and the median property tax bill is $1,426, which is $974 lower than the state median tax bill. Your bill may vary by ZIP code within Richmond, but the median tax bill is $1,426 in 23231.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Richmond.
About Richmond Property Taxes
About Property Taxes in Richmond, Charles City, Virginia
Richmond's median effective property tax rate of 0.66% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Charles City County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Richmond. Homeowners in the 23231 ZIP code carry a median effective rate of 0.66%, while those in the lowest ZIP also pay 0.66%. This spread reflects how school district boundaries and local assessment districts are drawn across Charles City County. Understanding which part of Richmond you live in can make a meaningful difference to your annual tax bill.
Richmond homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before January 1, 1900 each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Richmond, Charles City County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Richmond's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Richmond Tax Rate
0.66%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Charles City County Tax Rate
0.66%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richmond, Charles City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23231 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Richmond, Charles City County, Virginia
When examining property taxes in Richmond, Virginia, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Charles City County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Charles City County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richmond.
For example, the median home price in Richmond is $215,500, with tax bills ranging significantly across the county. 23231 has the highest median home price at $215,500.
Property Tax Assessment Values Across Richmond, Charles City County, Virginia
Source: Ownwell
$153,900
$298,500
$443,100
Median Richmond Market Value
$215,500
Median Charles City County Market Value
$160,000
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richmond, Charles City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23231 | $105,480 | $133,400 | $215,500 | $313,000 | $438,020 |
Source: Ownwell
Property Tax Bills Across Richmond, Charles City County, Virginia
Property tax bills in Richmond are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. For a home with a median market value of $215,500, the bill reflects how much the property is worth for tax purposes, not what the owner paid for it.
Several factors shape the final amount, including the home’s assessed value, the tax rate, and any local levies that apply to the property. In Richmond, the median property tax bill is $1,426 in ZIP code 23231, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
For homeowners, this means a higher assessed value can lead to a larger bill, while a lower assessment can reduce what is owed. Bills in the area can vary widely, with the 25th percentile at $929, the 75th percentile at $2,075, and the 90th percentile at $2,911.
Median Richmond Tax Bill
$1,426
Median Charles City County Tax Bill
$1,067
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Richmond, Charles City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23231 | $709 | $929 | $1,426 | $2,075 | $2,911 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Charles City Tax Assessor | |
| Website | qpublic.schneidercorp.com |