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