Property Tax in Henrico County
via TaxByCounty
Henrico moderately above national median
Henrico County's effective tax rate of 0.724% runs about 8% higher than the national median of 0.67%, placing it in the upper-middle tier nationally. Homeowners pay $2,416 annually on a median property value of $333,600, about 10% above the national median home value.
Henrico ranks above Virginia average
Henrico's 0.724% effective rate exceeds Virginia's state average of 0.671%, making it one of Virginia's more tax-heavy counties. The median tax bill of $2,416 runs 23% above the state median of $1,960, though this reflects both the higher rate and stronger property values.
Henrico modestly heavier than Hanover
Henrico's 0.724% rate runs slightly above Hanover County's 0.672%, and both counties' residents pay similar annual taxes—$2,416 for Henrico versus $2,506 for Hanover. Henrico is significantly heavier than nearby Henry County at 0.502%, making it one of the region's pricier jurisdictions.
Henrico median home costs $2,416 yearly
A homeowner with Henrico's median property value of $333,600 pays roughly $2,416 annually in property taxes. Tax amounts remain consistent between mortgaged ($2,397) and unmortgaged ($2,461) properties, indicating relatively uniform treatment.
Review your assessment for accuracy
Henrico homeowners paying above-average Virginia taxes should periodically verify their property assessments against comparable recent sales. An appeal could reduce your burden if your home's assessed value doesn't align with current market conditions.