Taxes in Richmond
Richmond's tax picture pairs Indiana's genuinely low, simple flat state income tax with a real Wayne County local income tax layer and a property-tax rate that closely tracks the national median rate, though not the national median bill.
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Learn moreA rate near the national median, a bill well below it
Richmond's median effective property tax rate ran 1.02% per Ownwell -- essentially matching the national median -- but Richmond's median annual tax bill ($975) still runs roughly $1,425 below the national median bill ($2,400), reflecting the city's genuinely low home values.
Indiana's flat state income tax, plus a real county layer
Indiana's 2.95% flat state income tax applies statewide, and Wayne County adds a real, additional 1.50% local income tax on residents (0.50% for nonresidents).
A simple statewide sales tax
Indiana's uniform 7% sales tax applies in Richmond with no local add-on anywhere in the state.
Key takeaways
- Richmond's effective property tax rate (1.02%) essentially matches the national median rate.
- Richmond's median annual tax bill ($975) runs well below the $2,400 national median bill, reflecting low home values.
- Wayne County's 1.50% local income tax layers onto Indiana's 2.95% flat state rate.
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