Grandview, Iowa Property Taxes
The median property tax rate in Grandview, IA is 1.21%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Grandview at $108,660, the typical annual property tax bill reaches $1,272, falling below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grandview's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Grandview or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grandview, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,315
Ownwell’s Grandview Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grandview. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Grandview to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan your finances accordingly. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property's assessed value, assigned by Louisa County, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Grandview, Iowa
Property taxes in Grandview, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.21%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Grandview's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52752 zip code has the highest median property tax rate of 1.21%, while the 52752 zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Louisa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
1.21%
Average Louisa County Tax Rate
1.21%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52752 | 0.92% | 1.08% | 1.21% | 1.31% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Iowa
In Grandview, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Louisa County Assessor for tax purposes. In contrast, the assessed value 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. In Grandview, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Grandview, the median home price stands at $108,660, with tax bills ranging significantly. The 25th percentile tax bill is around $797, while the 75th percentile reaches up to $1,790, and the 90th percentile can be as high as $2,281. The zip code with the highest and lowest median tax bill is 52752, both at $1,272. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grandview Assessed Value
$108,660
Average Louisa County Assessed Value
$108,425
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52752 | $28,830 | $69,400 | $108,660 | $149,600 | $188,080 |
Source: Ownwell
Property Tax Bills Across Grandview, Iowa
In Grandview, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Louisa County. The assessed value is determined by the county assessor, who evaluates various factors such as the property's market value, location, and any improvements made. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Grandview, the median home price is $108,660. Property tax bills can vary significantly; for instance, the 25th percentile tax bill is $797, while the 75th percentile tax bill reaches $1790. At the higher end, the 90th percentile tax bill is $2281. These figures indicate a range of possible tax obligations, depending on the specific assessment of each property. Compared to the national median property tax rate of 0.99%, the property tax rates in Grandview can significantly impact homeowners' financial planning and budgeting. Understanding these factors helps homeowners anticipate their annual property tax expenses more accurately.
Average Grandview Tax Bill
$1,272
Average Louisa County Tax Bill
$1,366
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52752 | $344 | $797 | $1,272 | $1,790 | $2,281 |
Source: Ownwell