Richmond, KY · Updated Oct 2026

What a Richmond house pays

Property tax, water, trash and energy from public rates. Look up your address to make it yours, and see how to pay less.

Sent only to free public map services to find who serves it. Not stored unless you save your house.

Example · a Richmond house

$7,512a year · $626 a month

Starts at the typical market value, $214,900; your assessed value is often lower. Typical use.

A Richmond house at the typical market value ($214,900) pays about $7,500 a year: $2,250 property tax and charges, $1,390 water and sewer, $210 trash, $2,300 electricity and gas, $1,360 home insurance. Estimated from public rates, not anyone's actual bill.

Rates checked Oct 22, 2026. Insurance: what you enter, or a typical premium until you do. Sources are listed at the bottom.

Ways to pay less

Nothing here applies to every house automatically. These are worth checking:

Seniors 65+ or totally disabled: homestead exemption$49,100 off assessed value
Homeowners who are at least 65, or who are classified as totally disabled and meet the other requirements, can take $49,100 (the 2025-2026 amount) off the assessed value of their home.
How: File a homestead application with the PVA of the county where the home is (for Richmond, the Madison County PVA).
Pay the City of Richmond tax bill before Nov 1, 2026 for 2% off2% off the city bill
The City of Richmond gives a 2% discount on tax bills paid before November 1, 2026.
How: Pay the city bill before November 1, 2026 (City of Richmond property taxes).
Pay property taxes in full by Nov 1 for 2% off2% discount
Kentucky law gives a 2% discount to a taxpayer who pays property taxes in full by November 1 of the assessment year.
How: Check the dates on your tax bills.

Adjust to match your bills

What you knowTrash cartThese are Rumpke's prices from the bid the City of Richmond compared; the city has not posted a current residential price list, so check your Rumpke bill. A fuel surcharge may be added.

Value before exemptionsKentucky PVAs assess homes at fair cash (market) value, so your Madison County PVA assessment is the value to enter. The county's Red Lick Watershed Conservation District also levies 5 cents per $100 in part of the county; it is not included.

Home insurance, a yearFrom your policy. We start at $1,359, Kentucky statewide average HO-3 homeowners premium for 2022 (NAIC data via Triple-I).

Your use

Water, units a month

On your water bill. 1 unit (CCF) is 748 gallons. A typical house uses 7–12.

Electricity, kWh a month

On your Kentucky Utilities (KU) bill. An electric car adds about 300 kWh.

Gas, therms a month (yearly average)

Money dates

Nov 1, 2026in 9 daysThe City of Richmond's 2% discount ends: it applies to tax bills paid prior to November 1, 2026. The face amount is due from November 1 until December 31, 2026.
Jan 1, 2027in 70 daysThe City of Richmond adds a 10% penalty to taxes unpaid after January 1, 2027, and interest at fifteen percent per annum from that date.
Jan 1in 70 daysHomestead exemption eligibility is set as of January 1: you must be in the home on that date.

Who serves this house

Water: Richmond Utilities; Richmond Utilities' water rates effective July 1, 2023, inside city: $12.47 for the first 300 cu. ft., then $3.71 per 100 cu. ft. for the next 400 cu. ft.
Property tax: 1.05% of value; 2026 tax year, Madison County
Garbage: Rumpke Waste & Recycling; Selected as Richmond's waste services provider; residential service began January 1, 2024
Sewer: Richmond Utilities; $28.81 for the first 300 cu. ft., then per 100 cu. ft. (inside city)
Electricity: Kentucky Utilities (KU); Rate RS residential service: $0.58 basic service charge a day
Gas: Richmond Utilities; $17.00 for the first 1,000 cu. ft., then $6.90 per MCF (bills mailed from 06/01/2026)

Pay or manage your bills

Your water

Source: The source is the Kentucky River, a surface water source.
Violations: Richmond Utilities reports that it has not had any violations of a contaminant level.
Lead: The 2025 report lists lead at 6 ppb at the 90th percentile of 30 samples, against a 15 ppb action level.

Other KY cities

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How these numbers are made

Property tax: the 2026 rates for a home inside Richmond, 104.6 cents per $100 in all: state 10.3, Madison County Fiscal Court 6.3, Madison County Schools 61.7 (the rate in the Board of Education's proposed-tax notice; adoption not confirmed), EMS 4.2, health department 4.7, library 4.6, extension 1.8 and the City of Richmond 11.0. The EMS, health, library and extension rates are as presented to the Fiscal Court on September 8, 2026 (Kentucky quotes them in dollars per $100, so 0.042 is 4.2 cents). Kentucky's $49,100 homestead exemption is only for owners 65 and older or totally disabled, so it is listed as a tip, not taken off the typical bill.
The starting value is the Census ACS 2020-2024 median value of owner-occupied homes in Richmond, $214,900; your PVA assessment may differ. We found no assessor median.
Water: Richmond Utilities inside-city rates (the current schedule on its site), plus the Kentucky River Authority withdrawal fee of $0.238 per 100 cu ft added to each tier (its $0.90 minimum fee is ignored). Sewer (schedule effective July 1, 2023): $28.81 for the first 300 cu. ft., then $8.67 for the next 400 cu. ft. and $7.83 above; modelled as $63.49 for the first 700 cu. ft. (28.81 + 4 x 8.67) plus $7.83 per 100 cu. ft. above that, which matches the schedule at every use (the $7.00 and $6.21 tiers above 57 and 107 CCF are ignored). Richmond Utilities publishes no typical household use, so the page starts at 9 CCF. Houses served by Milford Water District pay a different water rate and are not modeled.
Garbage: Rumpke's one-, two- and three-cart prices ($17.50, $21.50, $25.50 a month) come from the bid comparison the City of Richmond published when it chose Rumpke; the city posts no current residential price list, so the real bill may be higher after annual adjustments or a fuel surcharge (a fuel surcharge may also be added).
Electricity: KU Rate RS, $0.58 a day and $0.11234 per kWh, with the August 2026 fuel (-$0.00188), DSM ($0.00154) and environmental (-0.11%) adjustments and the $0.30 Home Energy Assistance charge; these change monthly. KU's 2000 franchise with Richmond carried a 3% franchise fee, but the 2020 franchise could not be read, so no franchise fee is included. Part of the county is served by Blue Grass Energy. Gas: Richmond Utilities' own rate, $17.00 for the first 1,000 cu. ft. and $6.90 per MCF after (10.37 therms per MCF). The 3% utility tax is Madison County Schools' (2025-26 state table), added to electricity and gas.
Insurance is the 2022 Kentucky statewide average HO-3 premium (NAIC via Triple-I), about four years old; replace it with your own premium.
Sewer: calculator uses $7.83 for all usage above 7 CCF; the lower $7.00 and $6.21 tiers start above 57 and 107 CCF, past household use.
Nothing here is legal, tax or insurance advice.

Sources

Common questions about Richmond house costs

What is the property tax rate in Richmond?

About 1.05% of the value before exemptions a year (2026 tax year, Madison County), plus flat charges on the same bill.

How much is property tax on a $500,000 house in Richmond?

About $5,230 a year on $500,000 of the value before exemptions.

How much is the water bill in Richmond?

About $116 a month for water and sewer at typical use (9 units, or 6,732 gallons a month) on Richmond Utilities.

How much does trash pickup cost in Richmond?

$18 to $26 a month, depending on the trash cart size (One cart (Rumpke's bid price), Two carts (Rumpke's bid price), Three carts (Rumpke's bid price)).

Can seniors lower their property tax or bills in Richmond?

Yes. Seniors 65+ or totally disabled: homestead exemption: Homeowners who are at least 65, or who are classified as totally disabled and meet the other requirements, can take $49,100 (the 2025-2026 amount) off the assessed value of their home.

How much does a house in Richmond cost to run each year?

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