Isle Of Wight County, Virginia Property Taxes
Property Taxes in Isle Of Wight County, Virginia
Median Isle of Wight County effective property tax rate: 0.73%, significantly lower than the national median of 1.02%.
Median Isle of Wight County home value: $333,650
Median annual Isle of Wight County tax bill: $2,431, $31 lower than the national median property tax bill of $2,400.
How are property taxes in Isle of Wight County calculated?
Property taxes in Isle of Wight County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Isle of Wight County or another part of Isle of Wight County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Isle Of Wight County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$2,436
$2,260
How Does the Isle of Wight County Property Tax Calculator Work?
Use this Isle of Wight County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Isle of Wight County's median effective tax rate of 0.73% to generate your estimate.
Enter your property's estimated assessed value — the figure used for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Isle of Wight County's median tax rate is lower than Virginia's 0.90% state median, while the county's median tax bill of $2,431 is $31 higher than the state median bill.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Isle of Wight County.
Property Tax Rates Across Isle Of Wight County, Virginia
What Are Effective Property Tax Rates Across Isle of Wight County?
Local government entities set tax rates, which vary widely across Isle of Wight County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Isle of Wight County's effective property tax rate to other counties in Virginia or the U.S. median of 1.02%.
Isle of Wight County's median effective rate stands at 0.73%, which is lower than the national median of 1.02%. Within Isle of Wight County, the highest rate is found in BATTERY PARK at 0.73%, while BATTERY PARK has the lowest at 0.73%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Isle Of Wight County Tax Rate
0.73%
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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Isle Of Wight County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Battery Park | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Carrollton | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Carrsville | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Franklin | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Ivor | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Smithfield | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Windsor | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Zuni | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Suffolk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Isle Of Wight County, Virginia
When examining property taxes in Isle of Wight County, 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 Isle of Wight County assessment office 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 Isle of Wight County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of April.
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 Isle of Wight County.
For example, the median tax bill in Isle of Wight County is $2,431, compared with the national median property tax bill of $2,400. Tax bills range significantly across the county, from $1,186 in Franklin to $2,712 in Carrollton. Carrollton also has the highest median home price at $371,200.
Property Tax Assessment Values Across Isle Of Wight County, Virginia
Source: Ownwell
$162,500
$266,850
$371,200
Median Isle Of Wight County Market Value
$333,650
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Isle Of Wight County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Battery Park | $98,560 | $177,800 | $221,200 | $322,100 | $515,420 |
| Carrollton | $201,490 | $269,350 | $371,200 | $484,375 | $613,730 |
| Carrsville | $96,900 | $179,100 | $250,500 | $341,900 | $448,840 |
| Franklin | $44,840 | $77,500 | $162,500 | $254,400 | $411,940 |
| Ivor | $90,120 | $164,800 | $266,700 | $356,200 | $472,520 |
| Smithfield | $162,020 | $245,200 | $353,300 | $488,700 | $645,580 |
| Windsor | $129,870 | $201,450 | $287,650 | $379,750 | $496,520 |
| Zuni | $115,470 | $193,225 | $276,600 | $377,000 | $477,240 |
| Suffolk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Isle Of Wight County, Virginia
How are property tax bills calculated in Isle of Wight County, Virginia?
Property tax bills are based on the assessed value of a home, which is then multiplied by the local tax rate. In Isle of Wight County, the median home price is $333,650, and that value helps shape the tax bill homeowners receive. Local assessments, market conditions, and the county’s tax rate all play a role in determining how much is owed each year.
What factors affect the amount homeowners pay?
Homes with higher assessed values generally face higher tax bills, while lower-valued properties usually pay less. In Isle of Wight County, the 25th percentile tax bill is $1,695, the 75th percentile is $3,334, and the 90th percentile reaches $4,369. That spread shows how much bills can vary from one homeowner to another. The highest median tax bill is $2,712 in Carrollton, while Franklin has the lowest median tax bill at $1,186. For homeowners, these differences can have a meaningful impact on annual housing costs.
Median Isle Of Wight County Tax Bill
$2,431
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Isle Of Wight County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Battery Park | $719 | $1,298 | $1,615 | $2,351 | $3,763 |
| Carrollton | $1,465 | $1,963 | $2,712 | $3,538 | $4,481 |
| Carrsville | $707 | $1,307 | $1,829 | $2,496 | $3,277 |
| Franklin | $327 | $566 | $1,186 | $1,857 | $3,007 |
| Ivor | $658 | $1,203 | $1,947 | $2,600 | $3,407 |
| Smithfield | $1,172 | $1,783 | $2,577 | $3,559 | $4,700 |
| Windsor | $944 | $1,469 | $2,098 | $2,769 | $3,625 |
| Zuni | $843 | $1,411 | $2,019 | $2,749 | $3,476 |
| Suffolk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Isle of Wight Tax Assessor | |
| Website | va-isleofwight.publicaccessnow.com |