Adams County, Iowa Property Taxes
The median property tax rate in Adams County is 1.43%, which is higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. With a median home value of $114,000 in Adams County, the typical annual property tax bill is approximately $1,577, considerably less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Adams County, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you reside in Corning or another part of Adams County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adams County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,630
$1,513
Ownwell’s Adams County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Adams County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Adams 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 Adams County, Iowa
Property taxes in Adams County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Adams County is 1.43%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Adams County set these rates annually, and they can vary significantly between different areas within the county. Each year, Adams 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 Adams County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Prescott has one of the higher property tax rates in Iowa at 1.46%, while the city of Cumberland boasts one of the lowest at 1.14%. Analyzing how Adams County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Adams County Tax Rate
1.43%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgewater | N/A | N/A | N/A | N/A | N/A |
| Carbon | 0.79% | 1.21% | 1.45% | 1.58% | 1.70% |
| Corning | 1.09% | 1.21% | 1.45% | 1.66% | 1.78% |
| Creston | 1.07% | 1.23% | 1.35% | 1.49% | 1.65% |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Kent | 1.25% | 1.29% | 1.34% | 1.54% | 1.66% |
| Lenox | 1.19% | 1.25% | 1.35% | 1.50% | 1.68% |
| Massena | N/A | N/A | N/A | N/A | N/A |
| Nodaway | 1.03% | 1.21% | 1.36% | 1.57% | 1.74% |
| Prescott | 1.17% | 1.31% | 1.46% | 1.75% | 1.94% |
| Villisca | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Adams County, Iowa
In Adams 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 Adams 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 Adams 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, Kent has the highest median tax bill at $2,883, while Carbon has the lowest at $189. Being aware of these valuation processes in Adams County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Adams County Assessed Value
$114,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgewater | N/A | N/A | N/A | N/A | N/A |
| Carbon | $2,420 | $4,725 | $15,050 | $27,800 | $68,370 |
| Corning | $25,740 | $58,900 | $111,000 | $181,900 | $286,040 |
| Creston | $64,200 | $106,800 | $192,800 | $265,900 | $345,700 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Kent | $122,640 | $158,925 | $205,600 | $284,800 | $398,040 |
| Lenox | $85,690 | $127,650 | $187,250 | $275,775 | $368,640 |
| Massena | N/A | N/A | N/A | N/A | N/A |
| Nodaway | $10,160 | $30,300 | $84,700 | $182,300 | $278,250 |
| Prescott | $11,960 | $48,700 | $100,800 | $197,900 | $306,640 |
| Villisca | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Adams County, Iowa
In Adams County, IA, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value is determined by the county assessor and forms the basis for calculating the property tax bill. Several factors influence this assessed value, including property size, location, and any improvements made to the property. Homeowners in Adams County experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $818, while at the 75th percentile, it rises to $2618. At the 90th percentile, homeowners can expect to pay up to $4044. These figures highlight the variability in property tax bills within the county. Comparatively, the national median property tax rate stands at 0.99%, which provides a benchmark for understanding how Adams County's rates affect homeowners. Higher property taxes can significantly impact household budgets, making it essential for homeowners to stay informed about their property's assessed value and any potential exemptions or appeals they might qualify for.
Average Adams County Tax Bill
$1,577
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgewater | N/A | N/A | N/A | N/A | N/A |
| Carbon | $41 | $65 | $189 | $277 | $597 |
| Corning | $348 | $840 | $1,551 | $2,508 | $3,746 |
| Creston | $935 | $1,499 | $2,540 | $3,428 | $4,995 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
| Kent | $2,016 | $2,345 | $2,883 | $3,762 | $5,143 |
| Lenox | $1,321 | $1,732 | $2,592 | $3,472 | $4,988 |
| Massena | N/A | N/A | N/A | N/A | N/A |
| Nodaway | $126 | $324 | $1,021 | $2,254 | $3,386 |
| Prescott | $192 | $748 | $1,488 | $2,671 | $4,259 |
| Villisca | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell