Poweshiek County Property Taxes
The median property tax rate in Poweshiek County is 1.29%, 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 $172,525 in Poweshiek County, the typical annual property tax bill amounts to $2,264, which is below the national median of $2,690. Property taxes in Poweshiek County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Poweshiek 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 Grinnell or another part of Poweshiek County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poweshiek County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,226
Ownwell’s Poweshiek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poweshiek with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Poweshiek 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, taking into account any exemptions you may have on your property.
Property Tax Rates Across Poweshiek County, Iowa
Property taxes in Poweshiek County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Poweshiek County is 1.29%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Poweshiek County set these rates annually, and they can vary significantly between different areas within the county. Each year, Poweshiek 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 Poweshiek County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Grinnell has one of the higher property tax rates in Iowa at 1.54%, while the city of Lynnville boasts one of the lowest at 0.96%. Analyzing how Poweshiek County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Poweshiek County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poweshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnes City | 0.81% | 0.91% | 0.97% | 1.10% | 1.22% |
| Belle Plaine | 1.15% | 1.19% | 1.33% | 1.42% | 1.45% |
| Brooklyn | 0.95% | 1.04% | 1.13% | 1.40% | 1.52% |
| Chelsea | 1.04% | 1.11% | 1.23% | 1.32% | 1.60% |
| Deep River | 0.89% | 0.97% | 1.09% | 1.26% | 1.39% |
| Gibson | 0.91% | 0.97% | 0.98% | 1.02% | 1.08% |
| Gilman | 0.94% | 1.00% | 1.08% | 1.20% | 1.45% |
| Grinnell | 1.07% | 1.38% | 1.54% | 1.62% | 1.71% |
| Guernsey | 0.96% | 1.07% | 1.17% | 1.25% | 1.34% |
| Hartwick | 0.92% | 1.06% | 1.18% | 1.30% | 1.46% |
| Lynnville | 0.93% | 0.93% | 0.96% | 1.03% | 1.20% |
| Malcom | 0.98% | 1.09% | 1.21% | 1.32% | 1.44% |
| Montezuma | 0.83% | 0.91% | 0.97% | 1.32% | 1.46% |
| New Sharon | 0.90% | 0.94% | 1.02% | 1.16% | 1.24% |
| Searsboro | 0.80% | 0.91% | 1.02% | 1.16% | 1.32% |
| Tama | 0.93% | 0.99% | 1.03% | 1.11% | 1.26% |
| Victor | 0.99% | 1.06% | 1.15% | 1.31% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Poweshiek County, Iowa
In Poweshiek County, understanding the difference between "market value" and "assessed value" is crucial for 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 Poweshiek 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 Poweshiek 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. For instance, Belle Plaine has the highest median tax bill at $2,675, while Barnes City has the lowest at $444. Being aware of these valuation processes in Poweshiek County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Poweshiek County Assessed Value
$172,525
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poweshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnes City | $31,106 | $39,730 | $47,390 | $49,105 | $96,518 |
| Belle Plaine | $154,835 | $161,085 | $189,290 | $329,455 | $384,530 |
| Brooklyn | $28,158 | $81,208 | $143,295 | $247,725 | $378,852 |
| Chelsea | $95,672 | $124,650 | $197,540 | $299,595 | $399,910 |
| Deep River | $30,093 | $64,390 | $109,575 | $199,088 | $293,312 |
| Gibson | $124,492 | $137,620 | $140,300 | $221,720 | $450,128 |
| Gilman | $109,125 | $117,480 | $140,080 | $215,058 | $285,361 |
| Grinnell | $82,642 | $119,730 | $177,560 | $246,380 | $346,802 |
| Guernsey | $33,220 | $56,622 | $129,520 | $209,695 | $334,945 |
| Hartwick | $13,968 | $67,480 | $105,310 | $183,320 | $251,464 |
| Lynnville | $83,200 | $124,310 | $179,940 | $190,685 | $240,104 |
| Malcom | $60,537 | $90,442 | $145,240 | $228,360 | $347,415 |
| Montezuma | $80,886 | $125,470 | $223,180 | $379,570 | $567,172 |
| New Sharon | $77,329 | $142,450 | $185,795 | $347,382 | $575,525 |
| Searsboro | $24,341 | $61,535 | $149,160 | $231,878 | $393,590 |
| Tama | $121,971 | $124,252 | $129,655 | $147,580 | $172,402 |
| Victor | $61,811 | $102,390 | $164,850 | $262,928 | $397,852 |
Source: Ownwell
Property Tax Bills Across Poweshiek County, Iowa
In Poweshiek County, IA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. For instance, homes in Belle Plaine have the highest median tax bill at $2,675, while Barnes City has the lowest at $444. The tax bill can vary significantly, with the 25th percentile at $1,392 and the 75th percentile at $3,396. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Compared to the national median property tax rate of 0.99%, Poweshiek County offers a range of tax bills that reflect diverse property values and community needs.
Average Poweshiek County Tax Bill
$2,264
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Poweshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnes City | $316 | $322 | $444 | $528 | $957 |
| Belle Plaine | $2,011 | $2,207 | $2,675 | $4,248 | $4,679 |
| Brooklyn | $494 | $1,092 | $1,908 | $2,978 | $4,502 |
| Chelsea | $1,109 | $1,706 | $2,278 | $3,613 | $4,685 |
| Deep River | $253 | $708 | $1,247 | $2,062 | $3,117 |
| Gibson | $1,150 | $1,372 | $1,542 | $2,152 | $4,542 |
| Gilman | $1,020 | $1,260 | $1,950 | $2,560 | $3,006 |
| Grinnell | $1,202 | $1,798 | $2,608 | $3,598 | $5,057 |
| Guernsey | $329 | $570 | $1,431 | $2,476 | $4,023 |
| Hartwick | $162 | $649 | $1,245 | $2,238 | $3,040 |
| Lynnville | $822 | $1,186 | $1,680 | $1,797 | $2,468 |
| Malcom | $713 | $1,084 | $1,714 | $2,684 | $4,193 |
| Montezuma | $812 | $1,400 | $2,386 | $3,721 | $5,372 |
| New Sharon | $710 | $1,314 | $2,006 | $2,922 | $6,094 |
| Searsboro | $252 | $668 | $1,490 | $2,355 | $3,488 |
| Tama | $1,219 | $1,264 | $1,466 | $1,716 | $1,851 |
| Victor | $684 | $1,154 | $2,006 | $2,968 | $4,619 |
Source: Ownwell