Henrico County, Virginia Property Taxes
Property Taxes in Henrico County, Virginia
Median Henrico County effective property tax rate: 0.89%, significantly lower than the national median of 1.02%.
Median Henrico County home value: $307,600
Median annual Henrico County tax bill: $2,810, higher than the national median property tax bill of $2,400.
How are property taxes in Henrico County calculated?
Property taxes in Henrico County 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.
What makes Henrico County property taxes different from the national average?
Henrico County’s effective property tax rate is 0.89%, which is lower than the national median of 1.02%. Even with that lower rate, the median annual tax bill is $2,810, reflecting the county’s higher home values.
How can homeowners in Henrico County lower their property tax burden?
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Henrico or another part of Henrico County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Henrico County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,738
$2,540
How Does the Henrico County Property Tax Calculator Work?
Use this Henrico County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Henrico County's median effective tax rate of 0.89% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Henrico County's median tax rate is lower than the 0.90% state median and below the 1.02% national median property tax rate.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Henrico County. The county’s median property tax bill is $2,810, which is $410 higher than the $2,400 national median property tax bill.
Property Tax Rates Across Henrico County, Virginia
What Are Effective Property Tax Rates Across Henrico County?
Local government entities set tax rates, which vary widely across Henrico County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Henrico County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.
Henrico County's median effective rate stands at 0.89%, which is lower than the national median of 1.02%. Within Henrico County, the highest rate is found in Henrico at 0.90%, while Glen Allen has the lowest at 0.88%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 County 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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henrico County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Glen Allen | 0.85% | 0.87% | 0.88% | 0.91% | 0.94% |
| Henrico | 0.86% | 0.88% | 0.90% | 0.92% | 0.96% |
| Richmond | 0.86% | 0.88% | 0.89% | 0.92% | 0.96% |
| Sandston | 0.85% | 0.87% | 0.89% | 0.92% | 0.93% |
| Charles City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Henrico County, Virginia
When examining property taxes in Henrico County, 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 Henrico 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.
Assessment notices:
In Henrico County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.
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 County.
For example, the median tax bill in Henrico County is $2,810, with tax bills ranging significantly across the county. Glen Allen has the highest median home price at $424,400.
Property Tax Assessment Values Across Henrico County, Virginia
Source: Ownwell
$169,250
$356,375
$543,500
Median Henrico County Market Value
$307,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Henrico County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Glen Allen | $242,000 | $318,900 | $424,400 | $565,600 | $716,200 |
| Henrico | $185,300 | $233,600 | $304,600 | $416,800 | $620,250 |
| Richmond | $144,200 | $188,100 | $237,400 | $304,600 | $397,460 |
| Sandston | $167,760 | $202,800 | $250,800 | $306,700 | $372,900 |
| Charles City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Henrico County, Virginia
Property tax bills in Henrico are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value can change as home prices rise or fall, so the tax bill may also change from year to year. Factors such as location, property characteristics, and local taxing authorities all play a role in determining the final amount.
For homeowners, this means a higher assessed value usually leads to a higher tax bill, while a lower assessed value can reduce what is owed. In Henrico, the median home price is $307,600, and tax bills vary widely across the county. The 25th percentile tax bill is $2,116, while the 75th percentile is $3,902. At the high end, the 90th percentile reaches $5,622. Median tax bills also differ by city, from $2,182 in Richmond to $3,782 in Glen Allen.
Median Henrico County Tax Bill
$2,810
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Henrico County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Glen Allen | $2,208 | $2,898 | $3,782 | $5,140 | $6,417 |
| Henrico | $1,702 | $2,135 | $2,772 | $3,797 | $5,606 |
| Richmond | $1,333 | $1,720 | $2,182 | $2,792 | $3,551 |
| Sandston | $1,553 | $1,843 | $2,251 | $2,714 | $3,247 |
| Charles City | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Henrico Tax Assessor | |
| Website | realestate.henrico.gov |