Latest / Richmond News Today | 2 Min News | The Daily News Now!
Richmond’s Tax Burden and Growth Crisis | Richmond News
Richmond’s downtown is crumbling while neighbors boom—empty buildings, stalled improvements, and skyrocketing property taxes leave residents furious. A family in Church Hill saw their tax bill jump 60% in six years, yet sidewalks stay cracked and traffic calming remains a pipe dream. The city’s business tax rate? Nearly triple Henrico’s, making Richmond a hostile zone for startups. A bold fix? Slash real estate taxes over ten years to $1 per $100 of value—funded by new development, not old assessments—and match neighboring counties’ business rates. It’s time for Richmond to stop bleeding…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.