At their meeting on Jan. 25, 2022, members of the Henrico County Board of Supervisors discussed their support for a proposal that would provide property owners with a one-time real estate tax credit.
Homeowners and other property owners would receive an amount equal to 2 cents per $100 of their real estate’s taxable value for 2022. For example, a home with the average assessed value of $322,200 would generate a credit of $64.44. The Board of Supervisors will hold a public hearing Feb. 22. If the credit is approved, Henrico would be the first locality in Virginia to return surplus real estate taxes to property owners under a 2005 state law.
Details: https://henrico.us/news/2022/01/henrico-introduces-ordinance-to-offer-first-ever-real-estate-tax-credit/.
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