Richmond Publishes Maximum Tax Rate

The Richmond City Commission voted to publish a maximum property tax rate of $0.62000 per $100 of property valuation for consideration for the city’s 2026-27 fiscal year tax rate.

The proposed maximum rate is lower than Richmond’s 2026 tax rate of $0.63000. The city described the change as a 0.01-cent reduction.

A maximum tax rate is the highest rate a government may consider as it moves through its annual property tax process.