Isle of Wight County Property Taxes

The effective property tax rate in Isle of Wight County, Virginia is 0.72%. This rate is calculated by dividing the median property tax payment by the median home value in the county.

The median annual property tax payment in Isle of Wight County is $2,399. Homeowners with a mortgage pay a median of $2,522, while those without a mortgage pay $2,090.

Isle of Wight County's effective tax rate of 0.72% is higher than the Virginia state average of 0.70%. The median annual property tax in Isle of Wight County is $2,399, compared to the state average of $1,960.

The median home value in Isle of Wight County, Virginia is $333,600, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.

Isle of Wight County's effective property tax rate of 0.72% is higher than the Virginia average of 0.70%. This difference of 0.01% can be attributed to local funding needs for schools, infrastructure, and municipal services. Higher rates often correlate with more urbanized areas or counties with greater public service demands.

Isle of Wight County ranks #88 out of 133 counties in Virginia by effective property tax rate (1 = lowest). With a rate of 0.72% and median annual tax of $2,399, it falls in the middle third of counties statewide.