Shell Rock, Butler County, Iowa Property Taxes

Name: Property Tax Bills Across Shell Rock, Butler County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Shell Rock, IA effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Shell Rock, IA home value: $177,705
Median annual Shell Rock, IA tax bill: $2,557, $157 higher than the national median property tax bill of $2,400.

How are property taxes in Butler County calculated?

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

Last Updated March 1, 2025

Shell Rock, Butler County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$2,666

$2,474

Ownwell’s Shell Rock Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shell Rock with just two data points. By entering your property's estimated assessed value, our calculator applies Shell Rock’s 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 Butler County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shell Rock, Butler County, Iowa

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Shell Rock’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. Shell Rock, located in Butler County, stands out with its property tax rate. The rate here is higher than the national median property tax rate of 1.02%. Comparing Shell Rock's rate to the national median property tax bill of $2400, residents might notice a difference in their annual tax bills. Understanding these differences can be crucial for homeowners considering a property tax appeal or exemption. By analyzing how Shell Rock compares to both state and national figures, residents can make informed decisions about their property tax obligations.

Property Tax Rates Across Shell Rock, Butler County, Iowa

Source: Ownwell

0.97%

1.29%

1.61%

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 Shell Rock Tax Rate

1.50%

Median Effective Butler County Tax Rate

1.42%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shell Rock, Butler County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50670	1.08%	1.16%	1.50%	1.59%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Shell Rock, Butler County, Iowa

When examining property taxes in Shell Rock, Iowa, 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 Butler County Assessor 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.

In Butler 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 Shell Rock. For example, the median home price in Shell Rock is $177,705, with tax bills ranging significantly across the county. Zip code 50670 has the highest median home price at $177,705.

Property Tax Assessment Values Across Shell Rock, Butler County, Iowa

Source: Ownwell

$29,770

$185,580

$341,390

Median Shell Rock Market Value

$177,705

Median Butler County Market Value

$143,820

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shell Rock, Butler County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50670	$63,044	$119,770	$177,705	$262,788	$360,075

Source: Ownwell

Property Tax Bills Across Shell Rock, Butler County, Iowa

In Shell Rock, property tax bills are primarily determined by the assessed value of a home, which is influenced by the local real estate market and property characteristics. Homeowners in Butler County pay a median property tax bill of $2,557, which is slightly above the national median of $2,400. The property tax rate in this region is influenced by local government budgets and funding needs for public services such as schools and infrastructure. For homeowners, a higher assessed value can lead to a higher tax bill, impacting monthly budgets. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging local expertise and a deep understanding of tax regulations, Ownwell can effectively reduce property tax burdens. With the 25th percentile tax bill at $1,778 and the 90th percentile reaching $4,807, there's significant potential for savings. Engaging with Ownwell can lead to substantial financial relief for homeowners, ensuring they only pay what is fair and necessary.

Property Tax Bills Across Shell Rock, Butler County, Iowa

Source: Ownwell

$416

$2,169

$3,922

Median Shell Rock Tax Bill

$2,557

Median Butler County Tax Bill

$1,964

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Shell Rock, Butler County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50670	$1,099	$1,778	$2,557	$3,546	$4,807

Source: Ownwell