Decatur County, Iowa Property Taxes
The median property tax rate in Decatur County is 1.59%, which is significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Decatur County, the typical annual property tax bill reaches $928, which is below the national median of $2,690. Property taxes in Decatur County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Decatur 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 Leon or another part of Decatur County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Decatur County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$915
$849
Ownwell’s Decatur County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Decatur County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Decatur 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 Decatur County, Iowa
Property taxes in Decatur County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Decatur County is 1.59%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Decatur County set these rates annually, and they can vary significantly between different areas within the county. Each year, Decatur 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 Decatur County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Lamoni has one of the higher property tax rates in Iowa at 1.99%, while the city of Humeston boasts one of the lowest at 1.12%. Analyzing how Decatur County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Decatur County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Davis City | 0.45% | 0.85% | 1.40% | 1.94% | 2.85% |
| Decatur | 0.64% | 1.03% | 1.38% | 1.77% | 2.33% |
| Garden Grove | 0.62% | 0.98% | 1.41% | 1.83% | 2.57% |
| Grand River | 0.58% | 0.87% | 1.29% | 1.76% | 2.26% |
| Humeston | 0.72% | 0.81% | 1.12% | 1.66% | 1.75% |
| Kellerton | N/A | N/A | N/A | N/A | N/A |
| Lamoni | 1.07% | 1.49% | 1.99% | 2.41% | 2.89% |
| Leon | 0.75% | 1.15% | 1.63% | 2.14% | 2.80% |
| Lineville | 0.70% | 0.94% | 1.36% | 1.59% | 2.05% |
| Van Wert | 0.67% | 0.94% | 1.42% | 2.04% | 3.14% |
| Weldon | 0.54% | 0.82% | 1.18% | 1.64% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Decatur County, Iowa
In Decatur 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 Decatur 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 Decatur 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, the highest median tax bill in the county is in Kellerton at $2,571, while the lowest is in Davis City at $414. Being aware of these valuation processes in Decatur County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Decatur County Assessed Value
$57,520
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Davis City | $1,631 | $4,190 | $24,310 | $77,969 | $157,671 |
| Decatur | $3,180 | $11,720 | $49,526 | $106,158 | $193,376 |
| Garden Grove | $1,900 | $5,954 | $35,285 | $103,018 | $199,001 |
| Grand River | $2,500 | $18,899 | $46,392 | $86,738 | $141,485 |
| Humeston | $2,431 | $57,951 | $114,172 | $163,358 | $204,930 |
| Kellerton | N/A | N/A | N/A | N/A | N/A |
| Lamoni | $6,324 | $28,152 | $79,494 | $133,441 | $192,351 |
| Leon | $3,380 | $17,874 | $61,525 | $111,220 | $189,140 |
| Lineville | $20,767 | $65,911 | $113,866 | $173,026 | $289,959 |
| Van Wert | $1,958 | $8,080 | $45,720 | $92,770 | $154,230 |
| Weldon | $2,210 | $6,275 | $51,559 | $116,342 | $198,805 |
Source: Ownwell
Property Tax Bills Across Decatur County, Iowa
In Decatur County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by local taxing authorities. For Decatur County, the median home price is $57,520. Homeowners in this region can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $230, while at the 75th percentile, it rises to $1,876, and at the 90th percentile, it can reach as high as $2,928. Several factors influence these tax bills, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Cities within the county show a wide range of median tax bills, with Kellerton having the highest at $2,571 and Davis City the lowest at $414. Compared to the national median property tax rate of 0.99%, Decatur County's rates and resulting tax bills can have a varied impact on homeowners, depending on their specific circumstances.
Average Decatur County Tax Bill
$928
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Davis City | $20 | $60 | $414 | $1,122 | $2,350 |
| Decatur | $36 | $194 | $722 | $1,434 | $2,401 |
| Garden Grove | $26 | $71 | $674 | $1,495 | $2,758 |
| Grand River | $20 | $152 | $602 | $1,238 | $2,099 |
| Humeston | $548 | $864 | $1,276 | $1,972 | $2,725 |
| Kellerton | N/A | N/A | N/A | N/A | N/A |
| Lamoni | $148 | $605 | $1,624 | $2,566 | $3,746 |
| Leon | $68 | $332 | $1,018 | $1,818 | $2,782 |
| Lineville | $276 | $660 | $1,288 | $2,080 | $3,662 |
| Van Wert | $37 | $135 | $692 | $1,460 | $2,053 |
| Weldon | $16 | $108 | $614 | $1,397 | $2,864 |
Source: Ownwell