Charles City, Henrico County, Virginia Property Taxes

Name: Property Tax Bills Across Charles City, Henrico County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CHARLES CITY, VA effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median CHARLES CITY, VA home value: $282,400
Median annual CHARLES CITY, VA tax bill: $2,400, equal to the national median property tax bill of $2,400.

How are property taxes in Henrico calculated?

Property taxes in CHARLES CITY, VA 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 CHARLES CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CHARLES CITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Charles City, Henrico County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$2,400

$2,228

Ownwell’s CHARLES CITY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CHARLES CITY with just two data points. By entering your property's estimated assessed value, our calculator applies CHARLES CITY’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Henrico. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Charles City, Henrico County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Charles City’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Charles City in Charles City County, VA, has an effective property tax rate of 0.85%, which is lower than the national median property tax rate of 1.02%. This means that homeowners in Charles City generally pay less in property taxes compared to the national average. For homeowners in Charles City, this could mean more affordable living costs, making it an attractive option for those looking to save on property taxes.

Property Tax Rates Across Charles City, Henrico County, Virginia

Source: Ownwell

0.85%

0.86%

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 Charles City Tax Rate

0.85%

Median Effective Henrico County Tax Rate

0.85%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Charles City, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23030	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Charles City, Henrico County, Virginia

When examining property taxes in Charles City, VA, 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.

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 Charles City. For example, the median home price in Charles City is $282,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Charles City, Henrico County, Virginia

Source: Ownwell

$169,150

$358,225

$547,300

Median Charles City Market Value

$282,400

Median Henrico County Market Value

$308,300

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Charles City, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23030	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Charles City, Henrico County, Virginia

In Charles City, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Charles City is $282,400, and the property tax bill is determined by multiplying the assessed value by the tax rate set by Henrico County. Homeowners in this area typically see tax bills ranging from $1,769 at the 25th percentile to $2,782 at the 90th percentile, with the 75th percentile at $2,636. These figures can vary depending on changes in the market value of the property and any applicable exemptions. Compared to the national median property tax bill of $2,400, homeowners in Charles City may find their bills slightly lower or higher depending on their property's assessed value.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing market trends and comparable property assessments, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Charles City, Henrico County, Virginia

Source: Ownwell

$1,439

$3,047

$4,654

Median Charles City Tax Bill

$2,400

Median Henrico County Tax Bill

$2,643

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Charles City, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23030	N/A	N/A	N/A	N/A	N/A

Source: Ownwell