Property Taxes in Carrollton, Virginia
Median Carrollton, Virginia effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Carrollton, Virginia home value: $371,200
Median annual Carrollton, Virginia tax bill: $2,712, $312 higher than the national median property tax bill of $2,400.
How are property taxes in Isle of Wight calculated?
Property taxes in Carrollton, 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 Carrollton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carrollton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Carrollton Property Tax Calculator Work?
Use this Carrollton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Carrollton's median effective tax rate of 0.73% — based on actual property records in Isle of Wight County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Carrollton'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 Carrollton: rates range from 0.73% in 23314 to 0.73% in 23314, 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 Carrollton.
About Carrollton Property Taxes
About Property Taxes in Carrollton, Isle of Wight, Virginia
Carrollton’s median effective property tax rate of 0.73% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Isle of Wight 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 Carrollton. Homeowners in the 23314 ZIP code carry a median effective rate of 0.73%, while those in the same ZIP also pay 0.73%. This reflects how school district boundaries and local assessment districts are drawn across Isle of Wight County. Understanding which part of Carrollton you live in can make a meaningful difference to your annual tax bill.
Carrollton homeowners who believe their assessed value is too high can file a formal appeal with the 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 Carrollton, Isle Of Wight 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 Carrollton'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 Ă· 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 Carrollton Tax Rate
0.73%
Our median effective property tax rate (tax bill Ă· 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%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Carrollton, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23314 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Isle Of Wight County, Virginia
When examining property taxes in Carrollton, 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 Isle of Wight 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 Isle of Wight County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Carrollton.
For example, the median home price in Carrollton is $371,200, with tax bills ranging significantly across the county. 23314 has the highest median home price at $371,200.
Property Tax Assessment Values Across Carrollton, Isle Of Wight County, Virginia
Source: Ownwell
$162,500
$266,850
$371,200
Median Carrollton Market Value
$371,200
Median Isle Of Wight County Market Value
$333,650
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Carrollton, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23314 | $201,490 | $269,350 | $371,200 | $484,375 | $613,730 |
Source: Ownwell
Property Tax Bills Across Carrollton, Isle Of Wight County, Virginia
Property tax bills in Carrollton are based on the assessed value of a home and the local tax rate set by the county. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher tax bill. For homeowners in Isle of Wight County, the median home price is $371,200, and the median property tax bill is $2,712, which is above the national median property tax bill of $2,400.
Several factors affect the final bill, including the home’s value, the assessment level, and any local tax rates or exemptions that may apply. Bills can vary widely across the city, with the 25th percentile at $1,963 and the 75th percentile at $3,538. At the 90th percentile, tax bills reach $4,481, showing how higher-value homes can face much larger annual costs.
For homeowners, this means property taxes can have a meaningful impact on monthly housing affordability and long-term ownership costs.
Property Tax Bills Across Carrollton, Isle Of Wight County, Virginia
Source: Ownwell
$1,186
$1,949
$2,712
Median Carrollton Tax Bill
$2,712
Median Isle Of Wight County Tax Bill
$2,431
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Carrollton, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23314 | $1,465 | $1,963 | $2,712 | $3,538 | $4,481 |
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 |