According to the US Census Bureau, the average annual income for households in Virginia was $61,210 in 2008. This is over the national average of $52,029.
Annual property tax bills are mailed in early October of each year. The bill is payable in two installments. The first installment is due on November 1 and is delinquent if the payment is not received by 5:00 p.m. or postmarked by December 10; a 10% penalty is assessed for delinquent payments.
What is the due date of real estate taxes in the City of Richmond? Beginning in 2011, the due dates for real estate taxes are January 14, 2011 and June 14, 2011. One-half (1/2) of the tax amount will be due on each respective due date. What is the real estate tax rate for 2011? There is no change in the tax rate for 2011. As in 2010, the real estate tax rate is $1.20 per $100. of assessed value.