23221 Property Tax Rate
Richmond, Virginia · Part of Richmond city
Effective Tax Rate
1.01%
145.1% above state avgMedian Annual Tax
$5,498
$458/mo escrow
Estimate Your Tax
Annual Tax
$5,498
Monthly
$458
Eff. Rate
1.01%
Buyer decision brief
What ZIP 23221 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$458/mo
Based on median annual tax paid
State context
0.34 percentage points above the Virginia average
Virginia average: 0.67%
Data confidence
High confidenceThe Census margin of error is $287, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Richmond city assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 23221 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$287 tax MOE, 5% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Richmond city is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 23221
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $544,400, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.01%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Virginia and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $458 per month before insurance, HOA dues, or special assessments.
Assessor verification
Richmond city assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 23221 Compares
Median Annual Property Tax
ZIP 23221
1.01%
Effective rate
Virginia Avg
0.67%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Virginia
Higher than 94% of ZIP codes in Virginia(94th percentile, 779 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 23221
Property owners in ZIP code 23221 (Richmond, Virginia) pay a median of $5,498/year in property taxes on homes valued at $544,400. This translates to an effective tax rate of 1.01%, which is 50% above the Virginia state average of 0.67%.
The monthly property tax burden for a median-valued home in 23221 is approximately $458, which factors into escrow payments on mortgages. This ZIP code is located within Richmond city. This is $3,255 more than the Virginia average of $2,243/year.
Compared to similar ZIP codes in Virginia, 23221 has higher property taxes. ZIP codes with similar effective rates include 24012 (1.01%) and 20171 (1.01%).
In Richmond, property taxes represent approximately 5.7% of the median household income of $97,006, providing context for the relative tax burden on homeowners in this area.
Virginia has no state property tax — Richmond city's higher effective rate (1.08%) reflects local tax policy, and assessments are not automatically reset at purchase. Richmond qualifies for the state Circuit Breaker program for seniors 65+ and disabled residents with limited income; apply to the Richmond Assessor's office to reduce your annual tax burden. File a formal assessment appeal with the City of Richmond Assessor within the 30-day window after receiving your official assessment notice.
Frequently Asked Questions
What is the property tax rate in ZIP code 23221?
How much are property taxes in Richmond, VA (23221)?
How does ZIP 23221 compare to the Virginia average?
What is the median home value in ZIP 23221?
What county is ZIP code 23221 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$287. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 23221 is part of Richmond city, Virginia. View the full county profile for broader context and more data.
View Richmond city on TaxByCounty →Explore Richmond, VA
View all 14 ZIP codes in Richmond with property tax comparisons.
View Richmond Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 23221
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
23222
Richmond, VA
0.30 percentage points lower than ZIP 23221.
Rate
0.71%
Tax
$1,793
Quality
94
23223
Richmond, VA
0.28 percentage points lower than ZIP 23221.
Rate
0.73%
Tax
$1,721
Quality
94
23227
Richmond, VA
0.21 percentage points lower than ZIP 23221.
Rate
0.80%
Tax
$2,653
Quality
94
23230
Richmond, VA
0.24 percentage points lower than ZIP 23221.
Rate
0.77%
Tax
$2,637
Quality
89
23234
Richmond, VA
0.22 percentage points lower than ZIP 23221.
Rate
0.79%
Tax
$1,874
Quality
94
23235
Richmond, VA
0.20 percentage points lower than ZIP 23221.
Rate
0.81%
Tax
$2,640
Quality
94
23236
Richmond, VA
0.17 percentage points lower than ZIP 23221.
Rate
0.84%
Tax
$2,570
Quality
94
23237
Richmond, VA
0.25 percentage points lower than ZIP 23221.
Rate
0.76%
Tax
$1,847
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.