Henrico County Property Taxes

Henrico County, Virginia

Effective Tax Rate

0.00%

23.3% above state avg

Median Annual Tax

$0

$201/mo escrow

#90 of 133 counties in Virginia

Estimate Your Tax

$
$50K$2M

Annual Tax

$0

Monthly

$0

Eff. Rate

0.72%

vs. Virginia Avg23.3% above
vs. National Avg10.2% below

At a Glance

Median Home Value

$333,600

State avg $278,065

Tax w/ Mortgage/yr

$2,397

$200/mo escrow

Tax w/o Mortgage/yr

$2,461

$205/mo

State Tax Rate Rank

#90

of 133 counties (1 = lowest)

Data Story

About Property Taxes in Henrico County, Virginia

Henrico moderately above national median

Henrico County's effective tax rate of 0.724% runs about 8% higher than the national median of 0.67%, placing it in the upper-middle tier nationally. Homeowners pay $2,416 annually on a median property value of $333,600, about 10% above the national median home value.

Henrico ranks above Virginia average

Henrico's 0.724% effective rate exceeds Virginia's state average of 0.671%, making it one of Virginia's more tax-heavy counties. The median tax bill of $2,416 runs 23% above the state median of $1,960, though this reflects both the higher rate and stronger property values.

Henrico modestly heavier than Hanover

Henrico's 0.724% rate runs slightly above Hanover County's 0.672%, and both counties' residents pay similar annual taxes—$2,416 for Henrico versus $2,506 for Hanover. Henrico is significantly heavier than nearby Henry County at 0.502%, making it one of the region's pricier jurisdictions.

Henrico median home costs $2,416 yearly

A homeowner with Henrico's median property value of $333,600 pays roughly $2,416 annually in property taxes. Tax amounts remain consistent between mortgaged ($2,397) and unmortgaged ($2,461) properties, indicating relatively uniform treatment.

Review your assessment for accuracy

Henrico homeowners paying above-average Virginia taxes should periodically verify their property assessments against comparable recent sales. An appeal could reduce your burden if your home's assessed value doesn't align with current market conditions.

How Henrico County Compares

Median Annual Property Tax

Henrico County$2,416
Virginia State Average$1,960
National Average$1,924

Henrico County

0.72%

Effective rate

Virginia Avg

0.70%

Effective rate

National Avg

0.91%

Effective rate

Frequently Asked Questions

What is the property tax rate in Henrico County, Virginia?
The effective property tax rate in Henrico County, Virginia is 0.72%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Henrico County?
The median annual property tax payment in Henrico County is $2,416. Homeowners with a mortgage pay a median of $2,397, while those without a mortgage pay $2,461.
How does Henrico County compare to the Virginia average?
Henrico County's effective tax rate of 0.72% is higher than the Virginia state average of 0.70%. The median annual property tax in Henrico County is $2,416, compared to the state average of $1,960.
What is the median home value in Henrico County, Virginia?
The median home value in Henrico County, Virginia is $333,600, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
Why is Henrico County property tax rate higher than the Virginia average?
Henrico County's effective property tax rate of 0.72% is higher than the Virginia average of 0.70%. This difference of 0.02% can be attributed to local funding needs for schools, infrastructure, and municipal services. Higher rates often correlate with more urbanized areas or counties with greater public service demands.
How does Henrico County rank for property taxes in Virginia?
Henrico County ranks #90 out of 133 counties in Virginia by effective property tax rate (1 = lowest). With a rate of 0.72% and median annual tax of $2,416, it falls in the upper third of counties statewide.

Counties with Similar Tax Rates

Nearby Counties

Other Counties in Virginia

Data updated: March 2026

Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.