Henrico, Warren County, North Carolina Property Taxes
Median Henrico, NC effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Henrico, NC home value: $346,624
Median annual Henrico, NC tax bill: $3,097, $697 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Henrico, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Henrico’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Henrico, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henrico, Warren County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$3,143
$2,916
Property Tax Rates Across Henrico, Warren County, North Carolina
Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide essential services, divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Henrico, located in Warren County, NC, the effective property tax rate stands at 0.89%. This rate is consistent with both the highest and lowest median tax rates within the county, highlighting a uniform approach to property taxation in the area. Compared to the national median property tax rate of 1.02%, Henrico's rate is relatively lower, offering potential savings for property owners. Additionally, the national median property tax bill is $2400, which suggests that Henrico residents might experience lower annual property tax bills compared to many other regions in the U.S. This comparison provides valuable insight for homeowners and potential buyers in Henrico, NC, seeking to understand their property tax obligations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Henrico Tax Rate
0.89%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Warren County Tax Rate
0.99%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henrico, Warren County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27842 | 0.87% | 0.88% | 0.89% | 0.94% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Henrico, Warren County, North Carolina
When examining property taxes in Henrico, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Warren County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Warren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Henrico. For example, the median home price in Henrico is $346,624, with tax bills ranging significantly across the county. Zip code 27842 has the highest median home price at $346,624.
Property Tax Assessment Values Across Henrico, Warren County, North Carolina
Source: Ownwell
$53,979
$203,546
$353,112
Median Henrico Market Value
$353,112
Median Warren County Market Value
$92,664
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Henrico, Warren County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27842 | $58,896 | $198,729 | $353,112 | $466,187 | $560,861 |
Source: Ownwell
Property Tax Bills Across Henrico, Warren County, North Carolina
In Henrico, Warren County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $346,624, homeowners in this area can expect varying tax bills. For example, 25% of homeowners pay around $1,464, while 75% pay up to $4,075, and the top 10% face bills as high as $4,899. These figures are significantly above the national median property tax bill of $2,400, making property tax a notable expense for Henrico homeowners.
Factors such as changes in the housing market or property improvements can affect the assessed value, impacting tax bills. Ownwell offers services to help homeowners potentially reduce their tax burden by appealing their assessed value and ensuring they are not overpaying. By leveraging expert knowledge and experience, Ownwell can assist homeowners in navigating the complexities of property tax appeals, potentially leading to substantial savings.
Median Henrico Tax Bill
$3,171
Median Warren County Tax Bill
$940
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Henrico, Warren County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27842 | $584 | $1,791 | $3,171 | $4,124 | $4,950 |
Source: Ownwell