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