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
Henrico County has appointed Sheila S. Minor director of the Department of Finance, effective Saturday, Dec. 18.
Minor comes to Henrico from the city of Colonial Heights, where she has served as finance director since June 2017.Continue reading Henrico taps Sheila Minor to lead Department of Finance
Plan would advance projects, services after this year’s ‘ultraconservative’ budgetContinue reading Henrico outlines $1.4 billion proposed budget for fiscal 2021-22
County refinances $118.7 million in bonds, issues $30 million in new bonds
Henrico County issued two sets of bonds for its water and sewer system last week after securing the highest-possible AAA ratings.Continue reading AAA ratings affirmed for Henrico water, sewer bonds
Henrico County has appointed Meghan F. Coates director of the Department of Finance, effective Saturday, Aug. 1.
Coates joined the county staff in 2019 as deputy director of Finance and most recently served as acting director of the department. She will succeed Edward N. “Ned” Smither Jr. in the position. Smither had led the department since 2017.Continue reading Meghan Coates named Finance director for Henrico County
Henrico County officials have begun to brace for significant financial impacts caused by the COVID-19 coronavirus pandemic.
Anticipating sharp drops in revenues from sales, meals and occupancy taxes, officials are preparing adjustments to the current year’s budget and are revising the proposed budget for fiscal 2020-21.Continue reading Henrico revising budgets to reflect uncertainties from coronavirus