23075 Property Tax Rate

Property owners in ZIP code 23075 (Henrico, Virginia) pay a median of $1,506/year in property taxes on homes valued at $198,900. This translates to an effective tax rate of 0.76%, which is 12% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23075 is approximately $126, which factors into escrow payments on mortgages. This ZIP code is located within Henrico County. This is $737 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23075 has lower property taxes. ZIP codes with similar effective rates include 23055 (0.76%) and 23451 (0.76%).

In Henrico, property taxes represent approximately 3.0% of the median household income of $50,947, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax; Henrico County's 0.73% effective rate is set by local county assessment only. Homeowners age 65 or older, those with disabilities, and surviving military spouses qualify for the Circuit Breaker relief program through the Henrico County Assessor — this income-based program caps annual tax liability. Apply to the Henrico County Assessor's Office within 30 days of closing to activate relief on your property.