Allamakee County Property Taxes
The median property tax rate in Allamakee County is 1.22%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $156,300, the typical annual property tax bill in Allamakee County is $1,948, which is below the national median of $2,690. Property taxes in Allamakee County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Allamakee 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 Waukon or another part of Allamakee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Allamakee County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,907
Ownwell's Allamakee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Allamakee with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Allamakee 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 Allamakee County, Iowa
Property taxes in Allamakee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Allamakee County is 1.22%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Allamakee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Allamakee 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 Allamakee County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Waukon has one of the higher property tax rates in Iowa at 1.40%, while the city of Decorah boasts one of the lowest at 0.95%. Analyzing how Allamakee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Allamakee County Tax Rate
1.22%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allamakee County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Decorah | 0.71% | 0.83% | 0.95% | 1.09% | 1.22% |
| Dorchester | 0.76% | 0.88% | 1.01% | 1.22% | 1.41% |
| Harpers Ferry | 0.88% | 0.97% | 1.08% | 1.19% | 1.30% |
| Lansing | 0.90% | 1.03% | 1.21% | 1.60% | 1.76% |
| Luana | 0.65% | 0.90% | 1.00% | 1.14% | 1.45% |
| Monona | 0.88% | 0.98% | 1.10% | 1.22% | 1.47% |
| New Albin | 0.93% | 1.02% | 1.23% | 1.37% | 1.47% |
| Postville | 1.05% | 1.22% | 1.39% | 1.51% | 1.61% |
| Waterville | 0.84% | 0.94% | 1.09% | 1.30% | 1.54% |
| Waukon | 0.87% | 0.98% | 1.40% | 1.53% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Allamakee County, Iowa
In Allamakee 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 Allamakee 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 Allamakee 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 Allamakee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Monona has the highest median tax bill at $2,696, while Decorah has the lowest at $1,480. This contrast highlights the importance of understanding local tax nuances.
Average Allamakee County Assessed Value
$156,300
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allamakee County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Decorah | $52,360 | $69,000 | $154,400 | $206,700 | $298,460 |
| Dorchester | $45,500 | $101,900 | $195,900 | $293,625 | $407,080 |
| Harpers Ferry | $3,200 | $35,200 | $146,900 | $250,650 | $357,880 |
| Lansing | $15,900 | $87,100 | $162,100 | $256,900 | $364,340 |
| Luana | $97,500 | $139,700 | $207,900 | $294,700 | $382,500 |
| Monona | $73,620 | $158,250 | $238,500 | $335,850 | $436,520 |
| New Albin | $55,840 | $105,300 | $163,700 | $253,950 | $333,460 |
| Postville | $58,960 | $78,800 | $107,600 | $175,800 | $302,570 |
| Waterville | $28,940 | $74,450 | $175,050 | $283,925 | $388,660 |
| Waukon | $69,020 | $112,600 | $163,200 | $247,100 | $349,260 |
Source: Ownwell
Property Tax Bills Across Allamakee County, Iowa
In Allamakee County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is a percentage of the home's market value, reflecting its worth in the current real estate market. Homeowners in Allamakee County face varying tax bills depending on factors such as property size, location, and improvements. For instance, the median home price in Allamakee County is $156,300. Property tax bills can range significantly, with the 25th percentile at $1,150 and the 75th percentile at $2,948. For those at the higher end, the 90th percentile tax bill reaches $4,252. Comparatively, Monona has the highest median tax bill in the county at $2,696, while Decorah has the lowest at $1,480. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners must budget for these taxes, which can significantly impact their overall cost of living and property affordability.
Average Allamakee County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Allamakee County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Decorah | $446 | $673 | $1,480 | $2,084 | $3,086 |
| Dorchester | $469 | $986 | $1,952 | $3,264 | $4,689 |
| Harpers Ferry | $42 | $426 | $1,568 | $2,706 | $3,737 |
| Lansing | $296 | $1,100 | $2,102 | $3,278 | $4,675 |
| Luana | $599 | $1,394 | $2,196 | $2,885 | $4,646 |
| Monona | $887 | $1,766 | $2,696 | $4,027 | $5,460 |
| New Albin | $706 | $1,290 | $2,031 | $2,817 | $3,706 |
| Postville | $797 | $1,085 | $1,492 | $2,284 | $3,993 |
| Waterville | $418 | $874 | $1,848 | $3,054 | $4,380 |
| Waukon | $878 | $1,445 | $2,135 | $3,025 | $4,250 |
Source: Ownwell
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