Tag: Varina

headshot photo of Tyrone E. Nelson

Supervisor Tyrone Nelson

Varina District

Henrico Board of Supervisors approves real estate tax credit for 2nd consecutive year

Taxrebate 2023

Henrico will return $11.2 million in surplus taxes to residential and business property owners.

Each credit will be issued in an amount equal to 2 cents per $100 of the real estate’s taxable value.

Credits of $30 or more will be paid in 95,000 checks issued in September. Amounts less than $30 will be applied directly on 16,000 bills.

Continue reading Henrico Board of Supervisors approves real estate tax credit for 2nd consecutive year

Henrico, HCPS, Capital Trees partner to enhance county tree canopies

Tree P Final

Reforestation program will initially focus on Deep Run and Cheswick parks plus a middle school and high school in eastern Henrico

Henrico County is partnering with Henrico County Public Schools (HCPS) and the nonprofit organization Capital Trees on a program to expand and strengthen tree canopies at the county’s parks and schools.

Continue reading Henrico, HCPS, Capital Trees partner to enhance county tree canopies

Henrico rolls out more details of proposed budget for fiscal 2023-24

Budget Pc 3

Highlights include personal property tax rate cut, funding for ’22 bond projects, incentives for hotel development, raises for county and HCPS employees

Update: The Board of Supervisors on April 25 voted unanimously to approve Henrico County's proposed budget for fiscal 2023-24.

Henrico County is outlining more details of its proposed budget for fiscal 2023-24, two weeks after announcing plans to include its second real estate tax credit in two years to help homeowners manage the impacts of rising property values.

Continue reading Henrico rolls out more details of proposed budget for fiscal 2023-24

Henrico proposes real estate tax credit for 2nd consecutive year

Tax Rebate Jv

Homeowners would receive amount equal to 2 cents per $100 of home’s assessed value

For the second consecutive year, Henrico County is proposing to give the owners of residential and business properties a credit on their real estate taxes to help offset rising values.

Property owners would receive an amount equal to 2 cents per $100 of their real estate’s taxable value for 2023. For example, a single-family home with the median assessed value of $367,000 would generate a credit of $73.40. ($367,000/100 x .02=$73.40) 

Continue reading Henrico proposes real estate tax credit for 2nd consecutive year

GreenCity partners with ASM Global for development and operation of proposed Henrico County arena

Greencity Asm Global

Proposed arena design and operating features would establish it as the ‘greenest’ arena in America.

GreenCity Partners and ASM Global announced today they have entered into an agreement for the development and operation of the proposed 17,000-seat GreenCity Arena in Henrico County. The venue will be designed for touring concerts, family shows, sports and tournaments, and will be a central feature of the $2.3 billion development.

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Henrico proposes personal property tax relief to offset rising vehicle values

Tax Relief Horizontal Slide 2b

Plan would give a credit based on a 52-cent rate cut, make 1st payments due Aug. 5

The Henrico County Board of Supervisors will consider a personal property tax relief proposal that would give residents an additional 60 days to make their first payments and provide a credit on year-end bills to offset higher-than-expected vehicle values. With the credits, the county would provide an effective 52-cent reduction to the personal property tax rate for 2022, based on current estimates.

Continue reading Henrico proposes personal property tax relief to offset rising vehicle values
 
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