Property Tax Analysis for Isle of Wight County, VA
Property tax rates, assessment ratios, and appeal potential in Isle of Wight County.
Effective Tax Rate
0.7%
Annual Tax Bill
$2,391
Monthly Escrow
$199
Tax Burden
2.6% of income
Tax Assessment Details
Current Assessment
Market Value$327,600
Est. Assessed Value$278,460
Assessment Ratio~85%
Effective Rate0.7%
Appeal Potential
Potential Annual Savings$359
5-Year Savings$1,795
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Isle of Wight County
Isle of Wight County in Virginia has an effective property tax rate of 0.7%, which is below the national average of 1.1%. On a median home value of $327,600, that translates to $2,391 annually or $199 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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