Property Tax Analysis for Henrico County, VA
Property tax rates, assessment ratios, and appeal potential in Henrico County.
Effective Tax Rate
0.7%
Annual Tax Bill
$2,292
Monthly Escrow
$191
Tax Burden
2.8% of income
Tax Assessment Details
Current Assessment
Market Value$309,700
Est. Assessed Value$263,245
Assessment Ratio~85%
Effective Rate0.7%
Appeal Potential
Potential Annual Savings$344
5-Year Savings$1,720
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Henrico County
Henrico County in Virginia has an effective property tax rate of 0.7%, which is below the national average of 1.1%. On a median home value of $309,700, that translates to $2,292 annually or $191 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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