Rate Breakdown

Property taxes in Henry County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Henry County

In Henry County, Virginia, property taxes are calculated based on the assessed value of your property and the applicable tax rate (millage rate). The county conducts periodic assessments to determine the fair market value of real estate, which serves as the basis for taxation. Here’s how it works:

• Assessment Process: Properties are reassessed every 4-6 years, though values may be adjusted annually to reflect market changes. The County Assessor’s Office evaluates factors like location, size, and property condition.
• Millage Rate: The tax rate is set annually by the Henry County Board of Supervisors. For example, if the rate is $0.75 per $100 of assessed value, a home valued at $200,000 would owe $1,500 annually ($200,000 ÷ 100 × 0.75).
• Billing: Taxes are billed annually, with payments due in two installments (June 5 and December 5).

Available Exemptions

Virginia offers several property tax relief programs that may reduce your tax burden in Henry County:

• Homestead Exemption: While Virginia doesn’t offer a traditional homestead exemption, homeowners may qualify for tax deferrals or relief programs based on income.
• Senior Citizen/Disabled Exemption: Residents aged 65+ or permanently disabled may qualify for tax relief if their income falls below county thresholds. Applications must be filed with the Commissioner of the Revenue.
• Veteran Exemptions: Disabled veterans or surviving spouses may receive partial or full exemptions based on disability rating. Documentation from the VA is required.

Payment Schedule & Deadlines

Henry County property taxes are due in two installments:

• First Half: Due June 5 (or the next business day if the 5th falls on a weekend/holiday).
• Second Half: Due December 5.

Late payments incur a 10% penalty plus interest (10% annually). Partial payments are accepted but must cover at least 25% of the owed amount. Payment methods include online, mail, or in-person at the Treasurer’s Office. Delinquent accounts may face liens or foreclosure.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you can appeal:

• Step 1: Contact the Henry County Assessor’s Office to discuss your valuation. Errors (e.g., incorrect square footage) may be resolved informally.
• Step 2: File a formal appeal with the Board of Equalization (BOE) within 30 days of your assessment notice. Provide evidence like recent appraisals or comparable sales.
• Step 3: If unsatisfied with the BOE’s decision, you may appeal to the Virginia Circuit Court within 30 days.

Note: Appeals must be based on assessment inaccuracies, not tax rates. Deadlines are strict—missing them forfeits your appeal rights for the year.