Glen Allen, Henrico County, Virginia Property Taxes

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

Median GLEN ALLEN, 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 GLEN ALLEN, VA home value: $426,000
Median annual GLEN ALLEN, VA tax bill: $3,622, $1,222 higher than the national median property tax bill of $2,400.

How are property taxes in Henrico calculated?

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

Last Updated March 1, 2025

Glen Allen, Henrico County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$3,735

$3,466

Ownwell’s Glen Allen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glen Allen with just two data points.

By entering your property's estimated assessed value, our calculator applies Glen Allen’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 County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glen Allen, Henrico County, Virginia

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county, like Henrico County, annually estimates the budget needed for public services and divides it by the total assessed value of all taxable properties within its borders. This calculation determines the property tax rate. While setting these rates involves votes and legislation, this process captures the essence of how property tax rates are established each year.

In Glen Allen, located in Henrico County, the effective property tax rate stands out when compared to other cities in Virginia. The median property tax rate in Glen Allen is 0.85%, which aligns with the highest and lowest median tax rates within the area. This rate is lower than the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners. When considering property taxes, Glen Allen presents a competitive edge, making it an attractive location for homeowners seeking lower property tax burdens compared to the national average.

Property Tax Rates Across Glen Allen, Henrico County, Virginia

Source: Ownwell

0.88%

0.90%

0.91%

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 Glen Allen Tax Rate

0.88%

Median Effective Henrico County Tax Rate

0.89%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glen Allen, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23059	0.85%	0.86%	0.88%	0.90%	0.93%
23060	0.86%	0.87%	0.89%	0.91%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Glen Allen, Henrico County, Virginia

When examining property taxes in Glen Allen, 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 Glen Allen. For example, the median home price in Glen Allen is $426,000, with tax bills ranging significantly across the county. ZIP code 23059 has the highest median home price at $547,300.

Property Tax Assessment Values Across Glen Allen, Henrico County, Virginia

Source: Ownwell

$169,250

$356,375

$543,500

Median Glen Allen Market Value

$424,400

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 Glen Allen, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23059	$302,110	$398,925	$543,500	$690,700	$820,500
23060	$222,860	$283,600	$370,200	$452,100	$527,000

Source: Ownwell

Property Tax Bills Across Glen Allen, Henrico County, Virginia

In Glen Allen, located in Henrico County, VA, property tax bills are determined by applying the local tax rate to the assessed value of a property. The median home price here is $426,000, and the property tax bills can vary significantly based on the property's assessed value. For instance, the tax bill at the 25th percentile is $2,733, while at the 75th percentile, it rises to $4,844. The 90th percentile sees a tax bill of $6,107. Notably, the highest median tax bill in the area is $4,654 in the 23059 zip code, while the lowest is $3,147 in the 23060 zip code. With the national median property tax rate at 1.02% and the median bill at $2,400, Glen Allen residents often face higher tax obligations. This is where Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By leveraging local market knowledge and experience, Ownwell helps homeowners identify opportunities to reduce their assessed value, potentially lowering their tax bills and saving them money.

Property Tax Bills Across Glen Allen, Henrico County, Virginia

Source: Ownwell

$1,559

$3,260

$4,961

Median Glen Allen Tax Bill

$3,782

Median Henrico County Tax Bill

$2,810

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Glen Allen, Henrico County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23059	$2,738	$3,548	$4,961	$6,153	$7,303
23060	$2,051	$2,552	$3,282	$4,015	$4,805

Source: Ownwell