Henrico County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 87,622.
The median annual property tax in Henrico County is $2,416, which is 23% higher than the Virginia state average and 26% above the national average. The effective tax rate is 0.72% on a median home value of $333,600. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$2,416
+23% vs State
+26% vs US
Median Home Value
$333,600
+20% vs State
+58% vs US
Effective Tax Rate
0.72%
+7% vs State
-24% vs US
With vs Without Mortgage
With Mortgage
$2,397
$200/mo
Without Mortgage
$2,461
$205/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,416 +4.9% | 0.72% |
| 2022 | $2,304 +9.6% | 0.74% |
| 2021 | $2,102 +5.3% | 0.78% |
| 2020 | $1,997 +3.4% | 0.79% |
| 2019 | $1,931 | 0.80% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$86,397
per year
Monthly Tax
$201
per month
Other Counties in Virginia
Patrick County
Tax: $851/yr Rate: 0.58%
Essex County
Tax: $1,312/yr Rate: 0.57%
Floyd County
Tax: $1,122/yr Rate: 0.52%
Goochland County
Tax: $2,418/yr Rate: 0.50%
Norton city
Tax: $787/yr Rate: 0.78%
Lexington city
Tax: $2,378/yr Rate: 0.86%
Frequently Asked Questions
What is the average property tax in Henrico County, Virginia? ▼
The median annual property tax in Henrico County is $2,416 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.72% on a median home value of $333,600.
How does Henrico County property tax compare to the national average? ▼
Property taxes in Henrico County are 26% above the national average of $1,923. The effective rate of 0.72% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Henrico County? ▼
In Henrico County, homeowners with a mortgage pay a median of $2,397 in annual property taxes, while homeowners without a mortgage pay $2,461. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Henrico County? ▼
Property taxes in Henrico County represent approximately 2.8% of the median household income of $86,397. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.