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 revenue and start building a team that owns its fiscal future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4924e7bb9ac2ab53