This study aimed to explore the spatiotemporal patterns and balance characteristics of land use carbon budget, measure the value of carbon compensation, and delineate carbon compensation type zoning to provide scientific reference for further strengthening the connection between the construction of an ecological compensation system and the "dual carbon" target task. Based on the land cover data of Chongqing from 2000 to 2020, this study analyzed the spatiotemporal dynamics and balance relationship characteristics of the land use carbon budget. By using the revised carbon compensation model to measure the horizontal compensation standards, the normalized revealed comparative advantage (NRCA) index and K-means clustering analysis method were used to divide the carbon compensation area. The research results demonstrated that: ① the total land use carbon sequestration in Chongqing grew slowly from 2000 to 2020, whereas carbon emissions continued to increase significantly, and the net carbon emissions showed a distribution pattern of "high in the center and low in the two wings." ② The average coefficient of variation in Chongqing was 0.602, and the carbon emission economy contributive coefficient and carbon ecological support coefficient were concentrated between 0.64-1.14 and 0.00-32.86, respectively. The difference in the contribution of carbon emissions and economic benefits between districts and counties was relatively small, but there was a mismatch between carbon supply and demand. ③ A significant spatial difference existed in the value of carbon compensation, with a total of 1.098 billion yuan in carbon payment and 634 million yuan in carbon compensation, respectively. Moreover, it was ultimately determined that there were eight key payment areas, seven general payment areas, three key compensation areas, and 20 general compensation areas. In conclusion, the research results can provide a reference for implementing differentiated development strategies in different types of carbon compensation regions, improve the collaborative governance capacity of the regional ecological environment, and promote the achievement of carbon neutrality goals.