Wapello County Property Taxes
The median property tax rate in Wapello County is 1.66%, which is significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Wapello County at $83,735, the typical annual property tax bill reaches $1,372, which is below the national median of $2,690. Property taxes in Wapello County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wapello County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ottumwa or another part of Wapello County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wapello County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,390
Ownwell’s Wapello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wapello with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wapello to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wapello County, Iowa
Property taxes in Wapello County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wapello County is 1.66%, which is higher than the U.S. national median of 0.99%. Local government entities within Wapello County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wapello County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wapello County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Ottumwa has one of the higher property tax rates in Iowa at 1.72%, while the city of Albia boasts one of the lowest at 1.01%. Analyzing how Wapello County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wapello County Tax Rate
1.66%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wapello County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | 1.09% | 1.17% | 1.26% | 1.32% | 1.41% |
| Albia | 0.94% | 0.95% | 1.01% | 1.04% | 1.14% |
| Batavia | 1.12% | 1.16% | 1.20% | 1.28% | 1.40% |
| Blakesburg | 0.91% | 0.94% | 1.04% | 1.21% | 1.38% |
| Bloomfield | 1.03% | 1.07% | 1.12% | 1.20% | 1.29% |
| Chillicothe | N/A | N/A | N/A | N/A | N/A |
| Drakesville | 0.99% | 1.05% | 1.08% | 1.14% | 1.21% |
| Eddyville | 0.98% | 1.14% | 1.36% | 1.51% | 1.63% |
| Eldon | 1.06% | 1.19% | 1.55% | 1.85% | 1.93% |
| Fremont | 1.16% | 1.16% | 1.17% | 1.24% | 1.28% |
| Hedrick | 0.96% | 1.04% | 1.12% | 1.23% | 1.39% |
| Kirkville | 0.86% | 1.01% | 1.18% | 1.30% | 1.47% |
| Ottumwa | 1.11% | 1.43% | 1.72% | 1.90% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Wapello County, Iowa
In Wapello County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wapello County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Wapello County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wapello County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Drakesville has the highest median tax bill at $2,498, while Kirkville has the lowest at $411.
Average Wapello County Assessed Value
$83,735
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wapello County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | $42,422 | $81,760 | $132,370 | $196,090 | $299,070 |
| Albia | $84,120 | $138,975 | $210,040 | $361,745 | $391,250 |
| Batavia | $67,955 | $143,642 | $190,870 | $279,410 | $361,525 |
| Blakesburg | $15,616 | $52,635 | $104,390 | $190,935 | $295,550 |
| Bloomfield | $39,164 | $109,150 | $161,190 | $240,570 | $336,102 |
| Chillicothe | N/A | N/A | N/A | N/A | N/A |
| Drakesville | $53,120 | $146,510 | $233,160 | $311,080 | $386,840 |
| Eddyville | $14,520 | $43,860 | $101,620 | $164,160 | $242,600 |
| Eldon | $7,900 | $24,690 | $58,030 | $113,970 | $209,250 |
| Fremont | $146,052 | $165,465 | $197,820 | $198,590 | $199,052 |
| Hedrick | $8,076 | $53,752 | $123,055 | $225,110 | $328,881 |
| Kirkville | $4,185 | $18,762 | $36,085 | $80,815 | $129,385 |
| Ottumwa | $17,280 | $44,950 | $81,650 | $144,245 | $236,892 |
Source: Ownwell
Property Tax Bills Across Wapello County, Iowa
In Wapello County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. For homeowners, this means that the amount they owe in property taxes can vary significantly. For instance, the median home price in Wapello County is $83,735. Homeowners in the 25th percentile pay around $762 annually, while those in the 75th percentile pay approximately $2,250. At the 90th percentile, the tax bill can reach up to $3,507. Notably, Drakesville has the highest median tax bill in the county at $2,498, whereas Kirkville has the lowest at $411. These variations highlight how local factors and property values can significantly impact the financial obligations of homeowners in different areas within the county.
Average Wapello County Tax Bill
$1,372
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Wapello County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | $539 | $958 | $1,622 | $2,422 | $3,537 |
| Albia | $956 | $1,425 | $1,976 | $3,544 | $4,070 |
| Batavia | $921 | $1,660 | $2,458 | $3,294 | $4,454 |
| Blakesburg | $295 | $680 | $1,224 | $1,986 | $2,814 |
| Bloomfield | $564 | $1,315 | $1,847 | $2,680 | $3,734 |
| Chillicothe | N/A | N/A | N/A | N/A | N/A |
| Drakesville | $672 | $1,602 | $2,498 | $3,392 | $4,164 |
| Eddyville | $247 | $644 | $1,326 | $2,102 | $3,140 |
| Eldon | $134 | $370 | $894 | $1,657 | $2,838 |
| Fremont | $1,856 | $2,025 | $2,306 | $2,308 | $2,309 |
| Hedrick | $86 | $585 | $1,390 | $2,602 | $3,656 |
| Kirkville | $62 | $216 | $411 | $882 | $1,490 |
| Ottumwa | $352 | $800 | $1,392 | $2,274 | $3,588 |
Source: Ownwell