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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Isle of Wight County, Virginia

Isle of Wight County has an effective property tax rate of 0.70%. On the median home value of $356,500, that's roughly $2,510 per year. Median household income is $95,241.

Effective Property Tax Rate1
0.70%
median tax $2,510 ÷ median home $356,500
Median Home Value1
$356,500
owner-occupied
Median Household Income1
$95,241
per-capita $47,015
Est. Annual Tax on Median Home1
$2,510
at 0.70% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricIsle of Wight CountyVirginia (state context)
Effective property tax rate10.70%0.60%
Median home value1$356,500—
State income tax3top rate 5.75%top rate 5.75%
State sales tax35.77% combined5.77% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Isle of Wight County, VA

In Isle of Wight County, Virginia, homes carry a median value of $356,500, and the resulting annual property tax bill lands around $2,510. That works out to an effective rate of 0.704%, which sits above Virginia's statewide median of 0.601% and ranks the county 46th of 133. Even so, the national median rate of 0.794% is higher, so buyers moving from many other parts of the country may find the tax climate gentler here. Affordability looks stronger against local earnings: median household income reaches $95,241, with per-capita income at $47,015. Carrollton and nearby communities like Battery Park and Carrsville anchor this rural county, where a tax bill of roughly $2,510 a year is unlikely to strain a budget at those income levels, though buyers should still weigh the above-average state rate against what they'd pay elsewhere in Virginia.

Frequently asked questions

What is the property tax rate in Isle of Wight County, VA?
The effective rate is 0.70% — meaning the median tax bill equals about 0.70% of the median home value.
How much are property taxes on a median home?
On the median home ($356,500), the estimated annual bill is about $2,510.
Is Isle of Wight County's rate high or low?
Compare it to the state median of 0.60% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Isle of Wight County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Isle of Wight County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.