Property Taxes in Carrsville, Virginia
Median Carrsville, 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 Carrsville, Virginia home value: $250,500
Median annual Carrsville, Virginia tax bill: $1,829, $571 lower than the national median property tax bill of $2,400.
How are property taxes in Isle of Wight calculated?
Property taxes in Carrsville, 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 Carrsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carrsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Carrsville Property Tax Calculator Work?
Use this Carrsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Carrsville'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 Carrsville'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 Carrsville: rates range from 0.73% in 23315 to 0.73% in 23315, 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 Carrsville.
About Carrsville Property Taxes
About Property Taxes in Carrsville, Isle of Wight, Virginia
Carrsville'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 Carrsville. Homeowners in the 23315 ZIP code carry a median effective rate of 0.73%, while those in the same ZIP code pay 0.73%. This spread reflects how school district boundaries and local assessment districts are drawn across Isle of Wight County. Understanding which part of Carrsville you live in can make a meaningful difference to your annual tax bill.
Carrsville 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 Carrsville, 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 Carrsville'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 Carrsville 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 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 Carrsville, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23315 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Carrsville, Isle Of Wight County, Virginia
When examining property taxes in Carrsville, 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. The median home price in Carrsville is $250,500, with a median tax bill of $1,829. The highest median home price is in 23315.
Property Tax Assessment Values Across Carrsville, Isle Of Wight County, Virginia
Source: Ownwell
$162,500
$266,850
$371,200
Median Carrsville Market Value
$250,500
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 Carrsville, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23315 | $96,900 | $179,100 | $250,500 | $341,900 | $448,840 |
Source: Ownwell
Property Tax Bills Across Carrsville, Isle Of Wight County, Virginia
Property tax bills in Carrsville are calculated by multiplying a home’s assessed value by the local tax rate set by Isle of Wight County and other taxing authorities. The assessed value is based on the market value of the property, which can change over time as home prices rise or fall. Factors such as the home’s location, size, condition, and any improvements can influence that value.
For Carrsville homeowners, this means the property tax bill can vary even among similar homes. With a median home price of $250,500, many residents see bills that reflect how closely the assessed value tracks the local market. The typical tax bill in the area is $1,829, while bills range from $1,307 at the 25th percentile to $2,496 at the 75th percentile and $3,277 at the 90th percentile.
Because property taxes are tied to assessed value, a higher valuation can lead to a larger bill and a greater impact on household budgets.
Property Tax Bills Across Carrsville, Isle Of Wight County, Virginia
Source: Ownwell
$1,186
$1,949
$2,712
Median Carrsville Tax Bill
$1,829
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 Carrsville, Isle Of Wight County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23315 | $707 | $1,307 | $1,829 | $2,496 | $3,277 |
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 |