Henrico, Goochland County, Virginia Property Taxes
Property Taxes in Henrico, Virginia
Median Henrico, Virginia effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Henrico, Virginia home value: $638,450
Median annual Henrico, Virginia tax bill: $3,072, higher by $672 than the national median property tax bill of $2,400.
How are property taxes in Goochland calculated?
Property taxes in Henrico, Virginia 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 April 13, 2026
Henrico, Goochland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$3,384
$3,140
How Does the Henrico Property Tax Calculator Work?
Use this Henrico property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Henrico's median effective tax rate of 0.53% — based on actual property records in Goochland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Henrico's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Henrico's median effective tax rate is lower than the Virginia state median tax rate of 0.90%, but the median property tax bill is $3,072, which is $672 higher than the state median bill and above the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Henrico.
About Henrico Property Taxes
About Property Taxes in Henrico, Goochland, Virginia
Henrico's median effective property tax rate of 0.53% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Goochland County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Henrico. Homeowners in the 23238 ZIP code carry a median effective rate of 0.53%, while those in the lowest ZIP also pay 0.53%. This spread reflects how school district boundaries and local assessment districts are drawn across Goochland County. Understanding which part of Henrico you live in can make a meaningful difference to your annual tax bill.
Henrico homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Henrico, Goochland County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 Henrico's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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
0.53%
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 Goochland County Tax Rate
0.53%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henrico, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23238 | 0.12% | 0.53% | 0.53% | 0.53% | 0.53% |
| 23233 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Henrico, Goochland County, Virginia
When examining property taxes in Henrico, Virginia, 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 Goochland 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 Goochland County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.
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 $638,450, with tax bills ranging significantly across the county. 23238 has the highest median home price at $643,400.
Property Tax Assessment Values Across Henrico, Goochland County, Virginia
Source: Ownwell
$260,250
$554,950
$849,650
Median Henrico Market Value
$638,450
Median Goochland County Market Value
$484,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Henrico, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23238 | $487,940 | $527,725 | $643,400 | $798,450 | $890,070 |
| 23233 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Henrico, Goochland County, Virginia
Henrico property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. The assessed value is the starting point for the bill, so changes in home value can directly affect what a homeowner owes. Local taxing authorities then use that assessment to determine the final amount due.
For many homeowners, the size of the tax bill depends on both the home’s value and the rate set by the jurisdiction. In Henrico, the median home price is $638,450, and the median property tax bill is $3,072 in ZIP code 23238. That figure is above the national median property tax bill of $2,400, showing how quickly taxes can add up for higher-value homes. Bills in the area also vary widely, with the 25th percentile at $2,607 and the 75th percentile at $4,105. For homeowners, this means property taxes can have a meaningful impact on annual housing costs.
Median Henrico Tax Bill
$3,072
Median Goochland County Tax Bill
$2,439
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Henrico, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23238 | $874 | $2,619 | $3,072 | $4,117 | $4,586 |
| 23233 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Goochland Tax Assessor | |
| Website | gis.co.goochland.va.us |