Richmond, VirginiaLand Tax Value Simulator
REAL ASSESSMENTS · HYPOTHETICAL RATES
A neighborhood-scale experiment

What if land carried more of the tax?

Move two rates. See how revenue changes—and where the burden moves across Richmond. Everything recalculates instantly on this assessment snapshot.

Modeled annual revenue
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The baseline checks closely

The headline shows a gross modeled levy, before collection losses. We checked the default baseline against Richmond’s FY2027 adopted budget.

Model at $1.20 on both components
$527.43M
Model × city’s 97% collection assumption
$511.61M
FY2027 budget: current real property taxes
$510.50M

Difference: +$1.11M (+0.22%).
A close citywide sanity check, not a full reconciliation.

Separately, the model’s gross levy is 0.62% below the city’s announced $530.7M in 2026 tax bills.

This check excludes exemption-coded accounts. It does not validate every property’s exemption or neighborhood allocation.

Budget revenue table, PDF p. 45 ↗
Collection assumption, PDF p. 69 ↗
City’s 2026 billing announcement ↗

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Change from baseline
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Revenue from land
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Change in neighborhood total tax

Hover to preview · click or tap to lock.
↑ N
Lower tax
−50% or less
No change
0
Higher tax
+50% or more
Hatched: no taxable baseline

Choose a neighborhood

Hover over the map to preview; click or tap to lock this card. Neighborhood totals combine all included property types; they are not predictions for individual homeowners.

Every neighborhood, side by side

Data, assumptions & downloads

What “baseline” means: $1.20 per $100 applied to the included land and improvement values in this snapshot. It is a modeled gross levy, not the city’s adopted budget or actual cash collections. Exemption-coded accounts are omitted by default. The optional toggle includes their full assessed values in both the scenario and its comparison baseline.

Exemptions are approximate: all nonblank TaxExemptCode records are excluded, without interpreting partial exemptions. Individual relief, rehabilitation abatements, special districts, delinquency and collection losses are not modeled. Land and improvement assessments are held fixed. No future price, rent, or construction response is assumed.

Neighborhood assignment: each unique assessment PIN is counted once, assigned using an interior point of its parcel geometry. If necessary, the largest neighborhood overlap is used. Unassigned accounts remain in citywide totals and appear separately in the table. Shared parcel footprints can contain several legitimate assessment accounts. Simplified boundaries are for display.

Formula: annual tax = (land value × land rate + improvement value × improvement rate) ÷ 100. Presets solve for the rates required to meet a revenue target and a land-revenue share. Higher neighborhood totals do not mean every property in the neighborhood pays more.

Richmond parcel source ↗ · Richmond neighborhood source ↗