COUNTY OF HENRICO, VIRGINIA NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE

The County of Henrico proposes to increase property tax levies.

1. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new constructions or improvements to property, exceeds last year’s total assessed value of real property by 6.18 percent.
2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.80 per $100 of assessed value. This rate will be known as the “lowered tax rate.”
3. Effective Rate Increase: The County of Henrico proposes to adopt a tax rate of $0.83 per $100 of assessed value. This is a decrease of $0.02 from the tax rate that was in effect in 2024. The difference between the lowered tax rate and the proposed rate would be $0.03 per $100, or 3.8 percent. This difference will be known as the “effective tax rate increase.” Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.
4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total operating budget of the County of Henrico will exceed last year’s by 6.8 percent.

Calendar Year
2024 Levy: Real Estate $0.85 • Personal Property $3.50 • Vehicles $3.40 • Machinery & Tools $0.30 • Fire & Rescue Vols.’ & Real Personal Machinery Va. Defense Force Members Vehicles $1.00

Calendar Year
2025 Proposed Levy: Real Estate $0.83 • Personal Property $3.35 • Vehicles $3.35 • Machinery & Tools $0.30 • Fire & Rescue Vols.’ & Real Personal Machinery Va. Defense Force Members Vehicles $1.00

Calendar Year
2024 Levy: Computer Equipment and Peripherals Used in a Data Center $0.40 • Disabled Veterans' Vehicles $0.01 • Machinery & Tools for Semiconductor Manufacturers $0.30 • Motor Vehicles Specially Equipped to Provide Transportation for Physically Handicapped Individuals $0.01

Calendar Year
2025 Proposed Levy: Computer Equipment and Peripherals Used in a Data Center $2.60 • Disabled Veterans' Vehicles $0.01 • Machinery & Tools for Semiconductor Manufacturers $0.30 • Motor Vehicles Specially Equipped to Provide Transportation for Physically Handicapped Individuals $0.01

Calendar Year
2024 Levy: Equipment Used in a biotechnology Business $0.90 • Aircraft $$0.50

Calendar Year
2025 Proposed Levy: Equipment Used in a biotechnology Business $0.90 • Aircraft $$0.50

The Board of Supervisors will also fix a levy on all classes of property in Streetlight Districts #2, #3, #3.1, #12, #23, #63 (officially referred to as “sanitary districts”), and Virginia Center Commons (VCC) (officially referred to as a “special service district”):

Real Estate
Calendar Year
2024 Levy: Streetlight District #2 $0.003 • Streetlight District #3 $0.010 • Streetlight District 3.1 $0.031 • Streetlight District #12 $0.010 • Streetlight District #23 $0.010 • Streetlight District #63.1 $0.019 • Streetlight District VCC $0.03

Calendar Year
2025 Proposed Levy: Streetlight District #2 $0.003 • Streetlight District #3 $0.010 • Streetlight District 3.1 $0.031 • Streetlight District #12 $0.010 • Streetlight District #23 $0.010 • Streetlight District #63.1 $0.019 • Streetlight District VCC $0.03

Personal Property(*)
Calendar Year
2024 Levy: Streetlight District #2 $0.001 • Streetlight District #3 $0.001 • Streetlight District 3.1 $0.001 • Streetlight District #12 $0.001 • Streetlight District #23 $0.001 • Streetlight District #63.1 $0.001 • Streetlight District VCC $0.03

Calendar Year
2025 Proposed Levy: Streetlight District #2 $0.001 • Streetlight District #3 $0.001 • Streetlight District 3.1 $0.001 • Streetlight District #12 $0.001 • Streetlight District #23 $0.001 • Streetlight District #63.1 $0.001 • Streetlight District VCC $0.03

*Applies to all classes of personal property and machinery and tools.

All levies are per $100 of assessed valuation at fair market value.

The Board of Supervisors will hold a public hearing on the proposed tax rates and levies for calendar year 2025 on Tuesday, April 8, 2025, at 6:00 p.m., in the Board Room at the Government Center, Hungary Spring and East Parham Roads, Henrico County, Virginia. The Board of Supervisors will permit persons desiring to be heard an opportunity to present oral testimony within such reasonable time limits as determined by the Board.

Following the public hearing, but also on Tuesday, April 8, 2025, during the 6:00 p.m. meeting, the Board of Supervisors may fix an appropriate tax levy for real estate, personal property, and machinery & tools for calendar year 2025.

The Board of Supervisors is not obligated to adopt the proposed tax rates but may increase or decrease them as it deems necessary, provided that before any rate may be increased, the proposed increase will be advertised and the public given an opportunity to appear before and be heard by the Board on the proposed increase. The Board may adjourn to subsequently meet and fix tax levies no later than June 30, 2025.

A copy of the proposed budget is available at https://henrico.us/budget/proposed-budgets/

Given under my hand this 12th day of March, 2025.

Tanya Brackett, Clerk
Henrico County Board of Supervisors