Isle Of Wight County, Virginia Property Taxes
Median Isle of Wight County effective property tax rate: 0.72%, significantly lower than the national median of 1.02%.
Median Isle of Wight County home value: $278,300
Median annual Isle of Wight County tax bill: $1,948, $452 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 Smithfield or another part of Isle of Wight County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
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
Property Tax Rates Across Isle Of Wight County, Virginia
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 appraisal district 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 $1,662, with tax bills ranging significantly across the county. Carrollton has the highest median home price at $324,300.
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
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 1 |