Henrico County, Virginia property tax
The median homeowner in Henrico County, Virginia pays $2,416 a year in property tax on a home worth $333,600, an effective rate of 0.72%. The national effective rate is 0.98%.
What the rate means here
At 0.72%, Henrico County taxes property more lightly than the national 0.98%. The bill works out at $2,416 a year. Low-rate counties usually have another revenue source doing the work, whether that is a state funding formula, sales tax or severance revenue from extraction.
It ranks #43 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,706 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.86 times the median household income of $86,397, close to the national 3.86. At 334,434 residents the county is large enough that its median blends several distinct housing markets.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Henrico County | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.72% | 0.74% | 0.98% |
| Median tax bill | $2,416 | $2,686 | $2,969 |
| Median home value | $333,600 | $360,700 | $303,400 |
| Median gross rent | $1,474 | $1,514 | $1,348 |
| Median household income | $86,397 | $90,974 | $78,538 |
| Home price to income | 3.86× | 3.96× | 3.86× |
| Rent as share of income | 20.47% | 19.97% | 20.6% |
| Owner-occupied | 64.62% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 334,434.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Chesterfield County | 0.78% | $2,636 | $336,700 |
| Chesapeake city | 0.82% | $2,937 | $359,100 |
| Loudoun County | 0.88% | $6,186 | $701,000 |
| Arlington County | 0.90% | $7,774 | $864,800 |
| Norfolk city | 1.01% | $2,738 | $271,900 |
Henrico County property tax: common questions
What is the property tax rate in Henrico County, Virginia?
The effective rate is 0.72% of home value, from a median tax bill of $2,416 against a median home value of $333,600. That is 0.26 points below the national 0.98%.
How much is property tax on a $400,000 home in Henrico County?
Roughly $2,880 a year at the county effective rate of 0.72%.
Is Henrico County expensive compared with the rest of Virginia?
It ranks #43 of 129 Virginia counties by effective property tax rate, and #1706 of 2,826 nationally. That is 0.02 points below the Virginia average of 0.74%.
What does housing cost in Henrico County?
The median home is worth $333,600 and median gross rent is $1,474 a month. Median household income is $86,397, which puts the home at 3.86 times annual income and rent at 20.47% of it.