Property Tax in Henrico County, Virginia
In Henrico County, Virginia, the typical homeowner pays $2,416 a year in property taxes on a home worth a median of $333,600. The figures on this page are the Census Bureau's published medians (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023), shown exactly as released.
What the Henrico County numbers mean
A median is the middle household: half of owner-occupied households in Henrico County pay more than $2,416, and half pay less. Your own bill is set by your home's assessed value, the exemptions you qualify for, and the local taxing districts your property sits in — so individual bills vary widely around the median.
Dividing the median tax by the median home value gives a derived effective rate of 0.72% for Henrico County. It is an estimate built from two survey medians, not the county's official rate, but it is a fair way to compare the local tax burden with other counties where home values are very different.
The key figures for Henrico County
| Measure | Henrico County |
|---|---|
| Median real estate taxes paid per year | $2,416 |
| Median home value | $333,600 |
| Derived effective rate* | 0.72% |
| Equivalent monthly tax | $201 |
| Tax per $100,000 of value (derived) | $724 |
| Illustrative tax on a $400,000 home (derived rate) | $2,896 |
For context, the Virginia medians are $2,686 of tax on $360,700 of value, and the US medians are $2,969 on $303,400. *Derived figures are estimates from Census medians, not official rates.
Henrico County at a glance
- Median tax rank in Virginia: #33 of 133 counties
- Median home value rank in Virginia: #34 of 133
- Population rank in Virginia: #6 of 133 (334,434 residents)
- Population density rank: #29 of 133 (1,431 people per square mile)
- Land area rank in Virginia: #81 of 133 (233 sq mi, 0.6% of the combined county land area)
- Median tax as a monthly figure: $201; per $1,000 of home value: $0.72
How Henrico County compares
Of the 133 Virginia counties with published data, 32 have a higher median property tax bill than Henrico County's $2,416, putting the county at #33 in the state. Its bill is about 10% lower than the state median of $2,686 and about 19% lower than the national median of $2,969.
Rates and values pull in opposite directions: an expensive housing market can produce big bills at ordinary rates. Here the derived rate is 0.72%, versus 0.98% derived nationally, and the median home value ranks #34 within Virginia.
Some extra context for Henrico County: the median bill works out to about $201 a month, and the derived rate equals roughly $724 of tax per $100,000 of home value. The county is home to 334,434 people — the #6 most populous county in Virginia, spread over 233 square miles, a density of about 1,431 people per square mile. Its median home value, $333,600, ranks #34 among the state's 133 counties with data.
Zooming out: of 3133 counties nationwide with published Census figures, only 755 record a higher median tax bill than Henrico County — it sits in the top 24% nationally. The county holds roughly 3.9% of Virginia's people. Its homes are worth less than the state norm (median $333,600 versus $360,700), and a decade at the derived rate of 0.72% adds up to about 7.24% of the median home's value in tax. The cheapest county in the state, Buchanan County, medians $404 — $2,012 less than Henrico County per year.
Counties nearest Henrico County in the Virginia ranking
| County | Median tax paid | Median home value | Derived rate* |
|---|---|---|---|
| Goochland County, VA | $2,418 | $483,700 | 0.50% |
| Powhatan County, VA | $2,418 | $381,300 | 0.63% |
| Isle of Wight County, VA | $2,399 | $333,600 | 0.72% |
| Lexington city, VA | $2,378 | $275,300 | 0.86% |
How the tax is worked out
As an illustration of the arithmetic: at Henrico County's derived rate of 0.72%, a home valued at $400,000 would carry a tax bill of roughly $2,896 a year. That is only an illustration using the derived rate — a real bill is computed from the property's assessed value, its exemptions, and the combined rates of its specific taxing districts, so it can be higher or lower.
The usual sequence is: the local assessor values the property; exemptions are applied; the taxable value is multiplied by the combined local rates; and the county bills and collects the tax, distributing it to the schools, municipalities and districts that levied it.
Checking your assessment in Henrico County
Believe your assessment is too high? The practical order of attack is: obtain your record card and audit it line by line; collect comparable recent sales in Henrico County; ask the assessor's office to correct anything plainly wrong; and, if the value still seems off, lodge a formal appeal ahead of the deadline printed on your assessment notice. Windows are short — often 30 to 90 days — and late appeals are usually rejected outright, however strong the case.
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Frequently asked questions
What is the median property tax in Henrico County, Virginia?
The median real estate tax paid in Henrico County, Virginia is $2,416 per year, on a median home value of $333,600 (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What is the effective property tax rate in Henrico County, Virginia?
Dividing Henrico County's median tax bill ($2,416) by its median home value ($333,600) gives a derived effective rate of 0.72%. This is an estimate computed from two Census survey medians — it is not the county's official tax rate.
How does Henrico County compare with the rest of Virginia?
By median taxes paid, Henrico County stands at #33 among the 133 Virginia counties the Census publishes figures for. Its $2,416 median bill is about 10% lower than the state median ($2,686), and 32 counties in the state record a higher median.
How are property taxes calculated in Henrico County, Virginia?
The assessor estimates your property's market value; exemptions (such as a homestead exemption) reduce the taxable amount; and the result is multiplied by the combined rates of the local taxing districts — county, municipality, school district and any special districts. In Henrico County, the median outcome of that process is a bill of $2,416 on a median home value of $333,600.
Can I appeal my property tax assessment in Henrico County, Virginia?
You can. Pull your property record card from the Henrico County assessor, verify its details, and compare the assessed value against similar homes that sold recently. If the value still seems too high, submit a formal appeal to the board named on your notice before the stated deadline — usually a 30-to-90-day window.