23238 Property Tax Rate

Property owners in ZIP code 23238 (Henrico, Virginia) pay a median of $2,758/year in property taxes on homes valued at $392,500. This translates to an effective tax rate of 0.70%, which is 4% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23238 is approximately $230, which factors into escrow payments on mortgages. This ZIP code is located within Goochland County. This is $515 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23238 has higher property taxes. ZIP codes with similar effective rates include 23027 (0.70%) and 24221 (0.70%).

In Henrico, property taxes represent approximately 2.8% of the median household income of $97,286, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax; Goochland County's 0.59% effective rate is a local county assessment. Seniors (65+), disabled persons, and surviving military spouses are eligible for the Circuit Breaker program, which reduces tax liability based on income — apply to the Goochland County Assessor's Office with your income documentation. Submit your application to the Goochland County Assessor promptly after purchase to ensure relief takes effect this year.