Henrico’s proposed budget offers sweeping tax relief for homeowners, businesses
Highlights of FY25-26 plan include real estate, personal property tax-rate cuts, continued investment in schools, safety and $50 million for water resiliency
Henrico’s proposed budget for fiscal year 2025-26 would reduce the tax rates on real estate and personal property, delivering to residents and businesses the county’s most comprehensive, permanent tax relief since 1987.
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Henrico approves ordinance to offer first-ever real estate tax credit
UPDATE, Feb. 22, 2022: At its regular meeting tonight, the Board of Supervisors approved the ordinance giving county property owners a one-time credit on their real estate taxes. With the measure, Henrico becomes the first locality in Virginia to refund real estate taxes to property owners.
Board of Supervisors also will consider 2-cent rate reduction with FY23 budget
The Henrico County Board of Supervisors on Tuesday welcomed a proposal that would give property owners a one-time credit on their real estate taxes.
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