Virginia differs from most states in that its cities and counties are distinct and separate taxing entities without overlapping tax structures. Thus, any item taxed by one jurisdiction cannot be taxed by another. County revenues from local sources are derived primarily from taxes on real and personal property and business license taxes.

In Henrico County, the Director of Finance is charged with the responsibility for carrying out the duties of a Commissioner of Revenue and Treasurer, which means that she is responsible for both tax assessment and collection. She also acts as an agent for the Commonwealth of Virginia in the collection of state income taxes. Tax rates are set by the County Board of Supervisors and are applied to the assessed value of both personal and real property to determine the amount of tax revenues due the County from these sources.

Henrico County, with a very sound tax structure and a strong economic base, enjoys a Triple-A bond rating designation from three major national bond rating services. Such a favorable bond rating helps contribute to our relatively low tax rates.

Henrico County has a positive attitude toward new businesses. We welcome your interest and are eager to provide any assistance to facilitate your review of our community. Our Economic Development Authority staff is available to work with you. Our research resources are at your disposal, and we invite you to take full advantage of these services.

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