HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Richmond County
Property Tax Guide

Everything you need to know about property taxes in Richmond County, VA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
$1.20 per $100 of assessed value (1.2% effective rate)
Exemptions
4+ Available
Section 1

How Property Tax Works

Richmond County, Virginia operates on a property tax system that serves as the primary funding mechanism for essential local services including public schools, law enforcement, fire protection, road maintenance, and county administration. Property taxes are levied based on the assessed value of real estate as of January 1st each year, with the county conducting regular reassessments to maintain current market valuations.

The county's property tax rate for 2025 is $1.20 per $100 of assessed value, which translates to an effective rate of 1.2%. This rate applies uniformly across Richmond County for real estate taxes. Property owners should note that Virginia does not impose a statewide assessment cap, allowing local assessments to reflect current market conditions. The tax year runs from January 1st to December 31st, with payments typically divided into two installments to ease the burden on property owners.

Actual tax obligations may vary slightly based on any special taxing districts within the county that impose additional levies for specific services or improvements. Property owners are encouraged to verify their specific tax rate and any applicable district assessments with the Richmond County Commissioner of Revenue.

Section 2

What Makes Up Your Tax Bill

ComponentRate per $100Description
Base Real Estate Levy$1.20General county operations, schools, and services for FY 2025
Special District AssessmentsVariesAdditional levies may apply in certain areas for specific improvements

The $1.20 per $100 of assessed value represents Richmond County's standard real estate tax rate for the 2025 tax year. This rate remained unchanged from 2024, providing stability for property owners in budget planning. The rate applies to the full assessed value of real estate after any applicable tax credits are applied.

Property owners should verify with the Commissioner of Revenue whether their property falls within any special taxing districts that may impose additional assessments beyond the base county rate. These districts typically fund specific infrastructure improvements, fire protection services, or other localized benefits that warrant additional taxation within defined geographic boundaries.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Richmond County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Richmond County are additional property tax assessments that occur when there are changes in property ownership, value, or use after the January 1st assessment date. The most common triggers include new construction completion, major renovations that increase property value, changes in property use classification, or corrections to the original assessment.

When a supplemental assessment is issued, it is calculated using the current tax rate of $1.20 per $100 of the additional assessed value. The tax is prorated based on the number of months remaining in the tax year from the date the change became effective. For example, if a home addition valued at $50,000 is completed on July 1st, the supplemental tax would be calculated as: ($50,000 ÷ 100) × $1.20 × (6 months ÷ 12 months) = $300.

Supplemental tax bills are issued separately from regular property tax bills and have their own due dates, typically 30 days from the date of issuance. Property owners have the right to appeal supplemental assessments through the same process used for regular assessments, and should contact the Commissioner of Revenue's office if they believe an error has been made in the supplemental calculation.

Example Calculation

$300,000 Property:

  • Assessed Value: $300,000
  • Less: Homestead Tax Credit (if applicable): -$0 (requires application)
  • Net Taxable Value: $300,000
  • Annual Tax: ($300,000 ÷ 100) × $1.20 = $3,600
  • Monthly Escrow: $300

$600,000 Property:

  • Assessed Value: $600,000
  • Less: Senior/Disabled Tax Credit (if applicable): -$0 (requires application and qualification)
  • Net Taxable Value: $600,000
  • Annual Tax: ($600,000 ÷ 100) × $1.20 = $7,200
  • Monthly Escrow: $600

$1,000,000 Property:

  • Assessed Value: $1,000,000
  • Less: Available Tax Credits (if applicable): -$0 (all credits require application)
  • Net Taxable Value: $1,000,000
  • Annual Tax: ($1,000,000 ÷ 100) × $1.20 = $12,000
  • Monthly Escrow: $1,000

Note: All tax credits require separate applications and approval. Credits shown as $0 for illustration; actual credit amounts vary based on qualification and program availability. Contact the Commissioner of Revenue for specific credit information and application procedures.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Richmond County require borrowers to establish an escrow account for property tax payments, particularly when the loan-to-value ratio exceeds 80%. The lender collects monthly payments equal to 1/12th of the annual property tax bill along with the mortgage payment, holding these funds in a dedicated escrow account until tax payments are due.

Property tax payments in Richmond County are due in two installments: the first half is due January 14th and the second half is due June 14th. Lenders typically make these payments on behalf of homeowners a few days before the due dates to ensure timely payment and avoid penalties. After making payments, lenders provide borrowers with copies of the tax receipts and an annual escrow analysis showing the account activity.

Property owners should review their escrow statements annually, as tax amounts can change due to reassessments or rate adjustments. If property taxes increase significantly, lenders may require higher monthly escrow payments and potentially collect a shortage amount. Conversely, if taxes decrease, borrowers may receive a refund or see reduced monthly escrow requirements. Property owners always retain the right to pay property taxes directly if their loan terms permit, typically when sufficient equity exists in the property.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Richmond County for 2025? A: Property taxes are due in two installments: first half due January 14, 2025, and second half due June 14, 2025. Short-term rental properties have different due dates of July 20th and October 20th.

Q: What tax credits are available and do I need to apply? A: Richmond County offers various tax credits including homestead credits, senior/disabled credits, and veteran exemptions. All credits require separate applications and are NOT automatically applied. Contact the Commissioner of Revenue at (804) 333-3781 for specific eligibility requirements and application deadlines.

Q: How does the homestead tax credit work? A: The homestead credit typically caps annual assessment increases rather than reducing the actual assessed value. This helps limit dramatic tax increases due to rising property values. You must file an application to receive this benefit - it is not automatic.

Q: When does Richmond County reassess properties? A: Properties are assessed annually as of January 1st. The county may conduct comprehensive revaluations periodically to ensure assessments reflect current market conditions. Property owners receive assessment notices in the spring.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Board of Equalization within 30 days of receiving your assessment notice. Contact the Commissioner of Revenue's office for appeal forms and procedures.

Q: What are the penalties for late payment? A: Late payments incur penalties and interest charges. Contact the Treasurer's office at (804) 333-3415 for current penalty rates and payment options if you've missed the due dates.

Q: Can I pay my property taxes online? A: Yes, Richmond County offers online payment options through their official website. You can pay by electronic check or credit card, though credit card payments may incur processing fees.

Q: Are there special tax rates in different parts of the county? A: While the base rate is $1.20 per $100 countywide, some areas may have additional special district assessments. Verify with the Commissioner of Revenue whether your property is subject to any additional district taxes beyond the base county rate.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
Tax Rates for County, City, Town, and Districts. TY 2024tax.virginia.gov
02
Tax Doc
FY26 Operating Budget & Calendar Year 2025 Tax Rates ...kinggeorgecountyva.gov
03
Tax Doc
2025 Form 760 Resident Individual Income Tax Instructionstax.virginia.gov
04
State
Real Estate Taxesrva.gov
05
Tax Doc
FORM 770 - Virginia Taxtax.virginia.gov
06
Tax Doc
Important Fee, License, and Tax Datesrva.gov
07
State
Application for Exemption from Real Estate Taxationrva.gov
08
Tax Doc
§ 58.1-3607. Property exempt from taxation by designationlaw.lis.virginia.gov
09
Chapter 2. Homestead Exemption of Householderlaw.lis.virginia.gov
10
virginia - r-09-22newkent-va.us
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate