Henrico, VA — income, home value, property tax, and sales tax.
In ZIP code 23117, near Henrico, homes carry a median value of $301,400 while households earn a median of $89,241. At the county's 0.60% effective property tax rate, that home value translates to roughly $1,808 in annual property taxes — a figure that stays within reach given local earnings, with per-capita income at $48,735. The combined sales tax rate of 5.30% adds a modest cost to everyday purchases, though it does not weigh heavily against the area's income levels. Together, these figures point to a housing market where ownership costs and earning power remain fairly well aligned.
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