We present new spatially resolved 1.3 mm imaging with CARMA of the GV Tau system. GV Tau is a Class I binary protostar system in the Taurus Molecular Cloud, the components of which are separated by 12. Each protostar is surrounded by a protoplanetary disk, and the pair may be surrounded by a circumbinary envelope. We analyze the data using detailed radiative transfer modeling of the system. We create synthetic protostar model spectra, images, and visibilities and compare them with CARMA 1.3 mm visibilities, a Hubble Space Telescope near-infrared scattered light image, and broadband spectral energy distributions from the literature to study the disk masses and geometries of the GV Tau disks. We show that the protoplanetary disks around GV Tau fall near the lower end of estimates of the Minimum Mass Solar Nebula, and may have just enough mass to form giant planets. When added to the sample of Class I protostars from Eisner, we confirm that Class I protostars are on average more massive than their Class II counterparts. This suggests that substantial dust grain processing occurs between the Class I and Class II stages, and may help to explain why the Class II protostars do not appear to have, on average, enough mass in their disks to form giant planets.