The Richmond City Commission has come to an agreement on the tax rate for the city. The current rate on Ad Valorem taxes is 16.5 cents for each $100 worth of personal property and 14.7 cents per $100 worth of real property. The tax for motor vehicles will be 28.7 cents for each $100 dollars of assessment.
There will also be a 2 percent discount on all tax bills paid before November 1st, 2018 and any bills paid after January 1st, 2019 will have a 10 percent penalty added to the bill.
