Property Taxes in Ivanhoe, Virginia
Median Ivanhoe, Virginia effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Ivanhoe, Virginia home value: $51,750
Median annual Ivanhoe, Virginia tax bill: $304, lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Ivanhoe, Virginia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Ivanhoe's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ivanhoe, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Ivanhoe Property Tax Calculator Work?
Use this Ivanhoe property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ivanhoe's median effective tax rate of 0.59% — based on actual property records in Carroll County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Ivanhoe's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Ivanhoe: rates are 0.59% in 24350, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Ivanhoe.
About Ivanhoe Property Taxes
About Property Taxes in Ivanhoe, Carroll, Virginia
Ivanhoe's median effective property tax rate of 0.59% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Carroll County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Ivanhoe. Homeowners in the 24350 ZIP code carry a median effective rate of 0.59%, while those in the same ZIP code pay 0.59%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Carroll County. Understanding which part of Ivanhoe you live in can make a meaningful difference to your annual tax bill.
Ivanhoe homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Ivanhoe, Carroll County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Ivanhoe's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ivanhoe Tax Rate
0.59%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carroll County Tax Rate
0.59%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Ivanhoe, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24350 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Ivanhoe, Carroll County, Virginia
When examining property taxes in Ivanhoe, Virginia, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carroll County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Carroll County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ivanhoe.
For example, the median home price in Ivanhoe is $51,750, with tax bills ranging significantly across the county. 24350 has the highest median home price at $51,750.
Property Tax Assessment Values Across Ivanhoe, Carroll County, Virginia
Source: Ownwell
$51,750
$101,350
$150,950
Median Ivanhoe Market Value
$51,750
Median Carroll County Market Value
$89,000
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Ivanhoe, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24350 | $15,400 | $28,050 | $51,750 | $75,600 | $131,160 |
Source: Ownwell
Property Tax Bills Across Ivanhoe, Carroll County, Virginia
In Ivanhoe, property tax bills are based on the assessed value of a home and the local tax rate set by Carroll County and other taxing authorities. When a property is assessed, the value is used to calculate the amount owed, so a higher assessed value generally means a higher tax bill. Homeowners in Ivanhoe should also expect their bill to reflect local budgets and services, which can affect how much tax is collected each year.
The median home price in the area is $51,750, and the median property tax bill is $304, which is far below the national median property tax bill of $2,400. Most homeowners see bills between $165 at the 25th percentile and $446 at the 75th percentile, while the 90th percentile reaches $774. These figures show that property taxes in Ivanhoe are relatively modest, but even small changes in assessed value can still affect what homeowners pay.
Median Ivanhoe Tax Bill
$304
Median Carroll County Tax Bill
$529
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Ivanhoe, Carroll County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24350 | $91 | $165 | $304 | $446 | $774 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 2 |
Links | |
|---|---|
| Carroll Tax Assessor | |
| Website | carrollcova.interactivegis.com |