Marion County Property Taxes
The median property tax rate in Marion County is 1.40%, which is significantly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $185,955 in Marion County, the typical annual property tax bill is around $2,660, slightly below the national median of $2,690. Property taxes in Marion County are calculated based on the assessed value, which is often less than the actual market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marion 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 Pella or another part of Marion County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marion County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,603
Ownwell’s Marion County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marion County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marion County 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 Marion County, Iowa
Property taxes in Marion County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marion County is 1.40%, which is higher than the U.S. national median of 0.99%. Local government entities within Marion County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marion 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 Marion County's effective property tax rate with other areas and the national median. For comparison, the city of Knoxville has one of the higher property tax rates at 1.67%, while the city of Tracy boasts one of the lowest at 0.92%. Analyzing how Marion County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marion County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bussey | 0.91% | 1.01% | 1.15% | 1.36% | 1.55% |
| Chariton | 1.08% | 1.11% | 1.15% | 1.21% | 1.38% |
| Columbia | 0.92% | 1.12% | 1.27% | 1.40% | 1.55% |
| Dallas | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| Hamilton | 0.81% | 0.92% | 1.04% | 1.18% | 1.26% |
| Harvey | 0.96% | 1.16% | 1.32% | 1.51% | 1.59% |
| Knoxville | 1.09% | 1.28% | 1.67% | 1.85% | 1.95% |
| Lacona | 1.07% | 1.16% | 1.28% | 1.37% | 1.47% |
| Leighton | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
| Lovilia | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| Marysville | 1.13% | 1.27% | 1.30% | 1.33% | 1.33% |
| Melcher | 1.12% | 1.39% | 1.53% | 1.74% | 1.75% |
| Melcher Dallas | 1.13% | 1.27% | 1.42% | 1.56% | 1.64% |
| Monroe | 1.08% | 1.15% | 1.20% | 1.29% | 1.43% |
| Otley | 1.03% | 1.14% | 1.21% | 1.28% | 1.35% |
| Pella | 1.15% | 1.25% | 1.40% | 1.46% | 1.49% |
| Pleasantville | 1.04% | 1.14% | 1.42% | 1.62% | 1.71% |
| Prairie City | 0.95% | 1.08% | 1.17% | 1.23% | 1.45% |
| Runnells | 1.10% | 1.16% | 1.21% | 1.27% | 1.33% |
| Swan | 0.98% | 1.06% | 1.14% | 1.21% | 1.34% |
| Tracy | 0.72% | 0.80% | 0.92% | 1.03% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Marion County, Iowa
In Marion 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 Marion 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 Marion 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. For instance, Dallas has the highest median tax bill at $3,970, while Melcher has the lowest at $592. 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 Marion County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Marion County Assessed Value
$185,955
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marion County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bussey | $9,772 | $39,780 | $75,060 | $143,305 | $225,954 |
| Chariton | $88,318 | $114,160 | $170,090 | $215,570 | $248,036 |
| Columbia | $13,800 | $39,698 | $107,250 | $168,992 | $233,305 |
| Dallas | $256,390 | $256,390 | $256,390 | $256,390 | $256,390 |
| Hamilton | $6,258 | $24,395 | $72,120 | $145,930 | $213,602 |
| Harvey | $7,764 | $24,540 | $73,430 | $127,770 | $257,458 |
| Knoxville | $35,665 | $92,352 | $153,470 | $228,872 | $332,149 |
| Lacona | $51,870 | $97,990 | $141,195 | $215,518 | $298,221 |
| Leighton | $196,460 | $196,460 | $196,460 | $196,460 | $196,460 |
| Lovilia | $116,170 | $116,170 | $116,170 | $116,170 | $116,170 |
| Marysville | $1,027 | $1,562 | $1,800 | $2,572 | $7,266 |
| Melcher | $7,000 | $11,608 | $49,925 | $103,802 | $153,617 |
| Melcher Dallas | $30,270 | $66,442 | $105,470 | $150,432 | $217,420 |
| Monroe | $89,492 | $139,388 | $201,570 | $277,658 | $362,179 |
| Otley | $55,106 | $152,020 | $255,390 | $346,650 | $470,298 |
| Pella | $116,848 | $187,140 | $272,120 | $394,215 | $521,606 |
| Pleasantville | $61,662 | $124,660 | $187,050 | $273,160 | $369,430 |
| Prairie City | $59,180 | $132,115 | $205,085 | $356,472 | $402,485 |
| Runnells | $57,144 | $138,610 | $237,490 | $288,110 | $379,350 |
| Swan | $10,044 | $42,570 | $142,980 | $255,250 | $383,826 |
| Tracy | $8,790 | $55,288 | $96,815 | $161,308 | $256,005 |
Source: Ownwell
Property Tax Bills Across Marion County, Iowa
In Marion County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors are considered in this process, including the property's location, size, and any improvements made. For homeowners in Marion County, the tax burden can vary significantly. For example, the tax bill at the 25th percentile is $1,486, while at the 75th percentile, it rises to $3,990, and at the 90th percentile, it reaches $5,587. These figures highlight the range of property tax bills within the county, influenced by the varying assessed values of homes. The impact on homeowners is substantial, as higher property taxes can affect overall housing affordability. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand how Marion County's rates align with broader trends.
Average Marion County Tax Bill
$2,660
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bussey | $130 | $452 | $906 | $1,600 | $2,294 |
| Chariton | $1,004 | $1,380 | $2,384 | $2,540 | $2,874 |
| Columbia | $144 | $495 | $1,422 | $2,273 | $3,030 |
| Dallas | $3,970 | $3,970 | $3,970 | $3,970 | $3,970 |
| Hamilton | $70 | $238 | $700 | $1,490 | $2,280 |
| Harvey | $101 | $304 | $840 | $1,672 | $3,210 |
| Knoxville | $500 | $1,408 | $2,418 | $3,530 | $4,800 |
| Lacona | $671 | $1,104 | $1,692 | $2,652 | $3,805 |
| Leighton | $2,536 | $2,536 | $2,536 | $2,536 | $2,536 |
| Lovilia | $1,288 | $1,288 | $1,288 | $1,288 | $1,288 |
| Marysville | $16 | $23 | $24 | $37 | $87 |
| Melcher | $122 | $182 | $592 | $1,308 | $2,130 |
| Melcher Dallas | $405 | $894 | $1,484 | $2,096 | $2,923 |
| Monroe | $851 | $1,609 | $2,339 | $3,162 | $3,952 |
| Otley | $756 | $1,652 | $3,080 | $4,234 | $5,572 |
| Pella | $1,742 | $2,590 | $3,714 | $5,166 | $7,012 |
| Pleasantville | $850 | $1,718 | $2,680 | $3,674 | $4,651 |
| Prairie City | $748 | $1,783 | $2,493 | $3,021 | $4,480 |
| Runnells | $774 | $1,746 | $2,772 | $3,508 | $4,612 |
| Swan | $131 | $502 | $1,648 | $2,841 | $3,761 |
| Tracy | $78 | $496 | $830 | $1,476 | $2,386 |
Source: Ownwell