Henrico, Henrico County, Virginia Property Taxes
Property Taxes in Henrico, Virginia
Median Henrico, Virginia effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and equal to the Virginia state median of 0.90%.
Median Henrico, Virginia home value: $304,600
Median annual Henrico, Virginia tax bill: $2,772, $372 higher than the national median property tax bill of $2,400.
How are property taxes in Henrico 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, Henrico County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,741
$2,544
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 0.90% — based on actual property records in Henrico 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.
Your bill may vary by ZIP code within Henrico: rates range from $1,811.00 in 23075 to $3,872.00 in 23233, primarily due to differences in school district levies and local assessment districts.
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, Henrico, Virginia
Henrico’s median effective property tax rate of 0.90% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Henrico 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 23075 ZIP code carry a median effective rate of 0.91%, while those in 23233 pay 0.88%. This spread — 0.03 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Henrico 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 Tax Assessor before the March 31, 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, Henrico 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 Ă· 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
0.90%
Our median effective property tax rate (tax bill Ă· 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 County Tax Rate
0.89%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Henrico, Henrico County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23075 | 0.87% | 0.90% | 0.91% | 0.96% | 1.01% |
| 23228 | 0.87% | 0.89% | 0.90% | 0.92% | 0.96% |
| 23229 | 0.86% | 0.87% | 0.89% | 0.92% | 0.95% |
| 23231 | 0.88% | 0.89% | 0.90% | 0.91% | 0.96% |
| 23233 | 0.85% | 0.87% | 0.88% | 0.90% | 0.93% |
| 23238 | 0.85% | 0.89% | 0.90% | 0.93% | 0.95% |
| 23294 | 0.85% | 0.88% | 0.91% | 0.93% | 0.96% |
| 23223 | N/A | N/A | N/A | N/A | N/A |
| 23226 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Henrico, Henrico 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. Henrico County 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
The median home price in Henrico is $304,600, with tax bills ranging significantly across the county. Zip code 23233 has the highest median home price at $434,600, while the median tax bill there is $3,872. The county’s median tax bill is $2,772, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Henrico, Henrico County, Virginia
Source: Ownwell
$169,250
$356,375
$543,500
Median Henrico Market Value
$304,600
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 Henrico, Henrico County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23075 | $129,900 | $161,075 | $197,100 | $233,175 | $272,800 |
| 23228 | $176,800 | $207,200 | $246,100 | $296,400 | $351,930 |
| 23229 | $258,300 | $299,000 | $387,200 | $667,425 | $915,290 |
| 23231 | $156,590 | $202,575 | $261,800 | $331,725 | $408,420 |
| 23233 | $265,270 | $351,700 | $434,600 | $564,550 | $718,520 |
| 23238 | $221,800 | $270,000 | $366,400 | $457,475 | $624,060 |
| 23294 | $215,300 | $257,350 | $289,700 | $329,300 | $392,750 |
| 23223 | N/A | N/A | N/A | N/A | N/A |
| 23226 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Henrico, Henrico County, Virginia
Property tax bills in Henrico are based on the assessed value of a home and the local tax rate set by the county and city. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher tax bill. Homeowners are taxed on the value of their real estate, not on what they originally paid for it.
For many homeowners, the size of the bill depends on where the home is located, because different areas can have different median tax bills. In Henrico, the median home price is $304,600, and property tax bills vary widely across the county. The 25th percentile tax bill is $2,135, while the 75th percentile is $3,797 and the 90th percentile reaches $5,606. The highest median tax bill is $3,872 in ZIP code 23233, compared with the lowest median tax bill of $1,811 in ZIP code 23075.
Median Henrico Tax Bill
$2,772
Median Henrico County Tax Bill
$2,810
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Henrico, Henrico County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23075 | $1,207 | $1,514 | $1,811 | $2,139 | $2,504 |
| 23228 | $1,625 | $1,896 | $2,254 | $2,678 | $3,135 |
| 23229 | $2,330 | $2,680 | $3,539 | $6,060 | $8,458 |
| 23231 | $1,449 | $1,868 | $2,374 | $3,028 | $3,796 |
| 23233 | $2,385 | $3,120 | $3,872 | $5,030 | $6,334 |
| 23238 | $2,015 | $2,435 | $3,350 | $4,148 | $5,619 |
| 23294 | $2,051 | $2,349 | $2,657 | $3,005 | $3,522 |
| 23223 | N/A | N/A | N/A | N/A | N/A |
| 23226 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Henrico Tax Assessor | |
| Website | realestate.henrico.gov |