Isle of Wight County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 12,545.
The median annual property tax in Isle of Wight County is $2,399, which is 22% higher than the Virginia state average and 25% above the national average. The effective tax rate is 0.72% on a median home value of $333,600. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$2,399
+22% vs State
+25% vs US
Median Home Value
$333,600
+20% vs State
+58% vs US
Effective Tax Rate
0.72%
+7% vs State
-24% vs US
With vs Without Mortgage
With Mortgage
$2,522
$210/mo
Without Mortgage
$2,090
$174/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $2,399 +1.0% | 0.72% |
| 2022 | $2,376 +7.9% | 0.73% |
| 2021 | $2,202 +10.5% | 0.75% |
| 2020 | $1,993 +3.5% | 0.71% |
| 2019 | $1,926 | 0.72% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$96,118
per year
Monthly Tax
$200
per month
Other Counties in Virginia
Alleghany County
Tax: $1,011/yr Rate: 0.83%
Hanover County
Tax: $2,506/yr Rate: 0.67%
Pittsylvania County
Tax: $907/yr Rate: 0.59%
Roanoke city
Tax: $1,828/yr Rate: 1.01%
Petersburg city
Tax: $1,449/yr Rate: 0.92%
Suffolk city
Tax: $3,073/yr Rate: 0.93%
Frequently Asked Questions
What is the average property tax in Isle of Wight County, Virginia? ▼
The median annual property tax in Isle of Wight County is $2,399 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.72% on a median home value of $333,600.
How does Isle of Wight County property tax compare to the national average? ▼
Property taxes in Isle of Wight County are 25% above the national average of $1,923. The effective rate of 0.72% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Isle of Wight County? ▼
In Isle of Wight County, homeowners with a mortgage pay a median of $2,522 in annual property taxes, while homeowners without a mortgage pay $2,090. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Isle of Wight County? ▼
Property taxes in Isle of Wight County represent approximately 2.5% of the median household income of $96,118. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.