Henrico, Charles City County, Virginia Property Taxes

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

Median Henrico, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Henrico, VA home value: $243,200. Median annual Henrico, VA tax bill: $2,004, $396 lower than the national median property tax bill of $2,400.

How are property taxes in Charles City calculated?

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

Last Updated March 1, 2025

Henrico, Charles City County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$1,854

$1,720

Ownwell’s Henrico Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Henrico with just two data points. By entering your property's estimated assessed value, our calculator applies Henrico’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 Charles City. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Henrico, Charles City County, Virginia

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Henrico in Charles City, VA, offers a glimpse into this system. The effective property tax rate here is 0.77%, which is below the national median of 1.02%. This means that homeowners in Henrico enjoy a lower tax burden compared to many other regions across the country. Within Virginia, Henrico's rate is consistent, as it also represents both the highest and lowest median tax rate in its zip code. This consistency can be beneficial for residents, providing a predictable tax environment. Comparing Henrico's property tax rate to both state and national medians highlights its competitiveness, making it an attractive location for property owners seeking lower tax rates.

Property Tax Rates Across Henrico, Charles City County, Virginia

Source: Ownwell

0.66%

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 Tax Rate

0.66%

Median Effective Charles City County Tax Rate

0.66%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Henrico, Charles City County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23231	0.66%	0.66%	0.66%	0.66%	0.66%

Source: Ownwell

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

When examining property taxes in Henrico, 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 Charles City 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 Charles City 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.

For example, the median home price in Henrico is $243,200, with tax bills ranging significantly across the county. 23231 has the highest median home price at $243,200.

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

Source: Ownwell

$153,900

$298,500

$443,100

Median Henrico Market Value

$280,900

Median Charles City County Market Value

$160,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23231	$65,900	$124,200	$280,900	$440,600	$490,600

Source: Ownwell

Property Tax Bills Across Henrico, Charles City County, Virginia

In Henrico, Virginia, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Henrico is $243,200, with property tax bills ranging significantly across different percentiles. For instance, the 25th percentile tax bill is approximately $811, while the 75th percentile reaches $2,905. Notably, in the zip code 23231, the median tax bill is $2,004, which is below the national median of $2,400. This variation affects homeowners differently depending on the value of their property and the specific area within Henrico. Homeowners might find themselves paying more or less than the national median. Ownwell can assist homeowners in Henrico by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions, ultimately helping to reduce their property tax bills and ensuring they are not overpaying.

Property Tax Bills Across Henrico, Charles City County, Virginia

Source: Ownwell

$1,031

$1,978

$2,924

Median Henrico Tax Bill

$1,854

Median Charles City County Tax Bill

$1,067

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Henrico, Charles City County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23231	$435	$820	$1,854	$2,908	$3,238

Source: Ownwell