23314 Property Tax Rate

Property owners in ZIP code 23314 (Carrollton, Virginia) pay a median of $2,802/year in property taxes on homes valued at $371,400. This translates to an effective tax rate of 0.75%, which is 12% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23314 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Isle of Wight County. This is $559 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23314 has lower property taxes. ZIP codes with similar effective rates include 20115 (0.75%) and 24317 (0.76%).

In Carrollton, property taxes represent approximately 2.5% of the median household income of $110,827, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Isle of Wight County assessments are set by local jurisdiction and carry no automatic adjustment at sale. Isle of Wight County residents age 65+ or those with disabilities may access the Circuit Breaker program to reduce property tax if income qualifies — contact the Isle of Wight County Assessor for application details and deadlines. Review your assessment carefully and file an appeal with the Isle of Wight County Assessor within 30 days if the valuation appears inflated.