The Cranky Taxpayer
|About the only thing you
can do in Richmond without being taxed is breathe.
For the 2016 fiscal year, the City Financial Report (latest available as of 9/2017) shows $1.061 billion in governmental revenues. Aside from the $180.5 million in "grants & contributions" (State and federal money that nonetheless came out of your pocket and mine, methinks), most of this came directly out of our hides (totals in $ million).
Here are the same data in graphical form:
That $1.061 billion comes to about $4,816 per person, based on the 2015 population of 220,289.
You probably know about the real estate tax, $1.20 per $100 of assessed value. If you own a house, you know about it in detail. Then there's the tangible personal property ($3.70 per $100) and machinery and tools used for manufacturing and mining ($2.30 per $100). As to the personal property, the State now pays a portion of the car tax (up to $20,000 of the value of the vehicle). Of course, you pay state taxes to fund that, so it's still your money, laundered through the State. You see the sales tax every time you make a purchase: 1% of the 5.3% tax goes to the City. On top of the sales tax comes the 6% levy on prepared meals.
That's nowhere near the end of the matter. You also get taxed (pdf at p.115) on your:
Likewise they have commercial and industrial utility taxes and they get some folks for private utility poles, titling mobile homes, recording deeds, or renting vehicles.
So they do tax you for breathing if it's part of your profession, or laughing at a movie, or while eating in a restaurant, or while driving a rented car.
Here are the 2010-11 expenditures per the audit (in $ million):
Or, in terms of a chart: