TaxBy County

Henrico County

Henrico County, Virginia

Effective Tax Rate

0.72%

Median Annual Tax

$2,416

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

Tax by Mortgage Status

With Mortgage

$2,397

per year

Without Mortgage

$2,461

per year

Estimate Your Property Tax

$

Annual Tax

$2,416

Monthly Escrow

$201

Effective Rate

0.72%

vs. Virginia State Average▲ 23.3% above
vs. National Average▼ 10.2% below
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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.
How are property taxes calculated in Virginia?
Property taxes in Virginia are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Stafford County(VA)

Rate0.72%
Median Tax$3,301

Isle of Wight County(VA)

Rate0.72%
Median Tax$2,399

Franklin city(VA)

Rate0.74%
Median Tax$1,677

Albemarle County(VA)

Rate0.74%
Median Tax$3,482
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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.

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