Cedar Rapids, Benton County, Iowa Property Taxes

Name: Property Tax Bills Across Cedar Rapids, Benton County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cedar Rapids, IA effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median Cedar Rapids, IA home value: $333,900. Median annual Cedar Rapids, IA tax bill: $3,052, $652 higher than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

Property taxes in Cedar Rapids, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cedar Rapids’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cedar Rapids, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cedar Rapids, Benton County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$3,072

$2,851

Ownwell’s Cedar Rapids Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Rapids with just two data points. By entering your property's estimated assessed value, our calculator applies Cedar Rapids’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cedar Rapids, Benton County, Iowa

Local government entities determine property tax rates, which can differ significantly within Iowa. This is because each county annually estimates its budgetary needs for essential services and divides this by the total assessed value of all taxable property within its boundaries, resulting in the property tax rate. While setting these rates involves votes and legislative measures, this is the essence of the yearly process.

In Cedar Rapids, located in Linn County, the effective property tax rate is 1.53%, which is notably higher than the state's median rate of 1.29%. This rate also surpasses the national median property tax rate of 1.02%. For homeowners in Cedar Rapids, this translates to a median property tax bill of $3,126, significantly above the national median tax bill of $2,400. Such disparities can impact the cost of living and housing affordability in the area. Comparing Cedar Rapids to other cities in Iowa and national figures provides valuable insights into the local property tax landscape, helping property owners understand their tax obligations and explore potential savings opportunities.

Property Tax Rates Across Cedar Rapids, Benton County, Iowa

Source: Ownwell

0.95%

1.34%

1.72%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cedar Rapids Tax Rate

0.92%

Median Effective Benton County Tax Rate

1.37%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Rapids, Benton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52404	N/A	N/A	N/A	N/A	N/A
52405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cedar Rapids, Benton County, Iowa

When examining property taxes in Cedar Rapids, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Benton County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Benton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cedar Rapids.

For example, the median home price in Cedar Rapids is $333,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cedar Rapids, Benton County, Iowa

Source: Ownwell

$87,000

$236,925

$386,850

Median Cedar Rapids Market Value

$333,900

Median Benton County Market Value

$183,200

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Rapids, Benton County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52404	N/A	N/A	N/A	N/A	N/A
52405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cedar Rapids, Benton County, Iowa

In Cedar Rapids, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, directly affecting the tax bill. In Cedar Rapids, the median home price is $333,900. Homeowners here face a property tax bill that can vary significantly, with the 25th percentile paying around $2,570, while those in the 90th percentile see bills as high as $4,591. Compared to the national median property tax bill of $2,400, Cedar Rapids homeowners often pay more, reflecting the local tax rate and home values. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax burden. By analyzing individual property assessments and identifying discrepancies or overvaluations, Ownwell helps homeowners save money, ensuring they only pay their fair share in property taxes.

Property Tax Bills Across Cedar Rapids, Benton County, Iowa

Source: Ownwell

$1,346

$3,080

$4,814

Median Cedar Rapids Tax Bill

$3,052

Median Benton County Tax Bill

$2,460

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Rapids, Benton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52404	N/A	N/A	N/A	N/A	N/A
52405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell