Transition metal carbides, nitrides, or carbonitrides known as MXenes commonly improve the efficiency of photo(electro)catalysts, but their role is still not fully explored. Herein, we developed a novel and facile solution-processing method to fabricate BiVO4 and Ti3C2Tx-modified BiVO4 (Ti3C2Tx/BiVO4) photoanodes to explore the role of Ti3C2Tx MXene in photoelectrochemical water splitting. The charge transfer and recombination kinetics were studied by transient open-circuit potential, transient photocurrent, photoelectrochemical impedance spectroscopy, and intensity-modulated photocurrent spectroscopy. It was demonstrated that Ti3C2Tx forms a Schottky-like junction at the BiVO4/Ti3C2Tx interface and that it acts as a hole transport/storage layer. The Ti3C2Tx layer creates a built-in electric field at the surface that increases the band bending and space charge layer width, eventually enhancing the charge separation efficiency. Modification of Ti3C2Tx/BiVO4 with a water oxidation catalyst such as cobalt phosphate (Co-Pi) was essential to deliver the maximum photocurrent. For instance, the Co-Pi/Ti3C2Tx/BiVO4 photoanode delivered 4.72 mA/cm−2 at 1.23 VRHE, which is 2- and 11-fold higher than those of Ti3C2Tx/BiVO4 and pristine BiVO4 photoanodes, respectively. This study provides a practical protocol for fabricating Ti3C2Tx/BiVO4 and reveals the role of MXene in photoelectrochemical water splitting.