Delaware County, Iowa Property Taxes
The median property tax rate in Delaware County is 1.30%, 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 $182,000 in Delaware County, the typical annual property tax bill amounts to $2,420, which is below the national median of $2,690. Property taxes in Delaware County are calculated based on the assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Delaware 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 Manchester or another part of Delaware County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delaware County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,366
$2,196
Ownwell’s Delaware County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Delaware County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Delaware County to estimate your property tax bill. This insightful tool 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 Delaware County, Iowa
Property taxes in Delaware County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Delaware County is 1.30%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Delaware County set these rates annually, and they can vary significantly between different areas within the county. Each year, Delaware 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. For comparison, the city of Edgewood has one of the higher property tax rates in Iowa at 1.71%, while the city of Lamont boasts one of the lowest at 1.04%. Analyzing how Delaware County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Delaware County Tax Rate
1.30%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaware County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coggon | 1.00% | 1.11% | 1.20% | 1.25% | 1.43% |
| Colesburg | 1.12% | 1.38% | 1.49% | 1.57% | 1.66% |
| Delaware | 1.14% | 1.31% | 1.36% | 1.47% | 1.55% |
| Delhi | 0.97% | 1.11% | 1.22% | 1.28% | 1.42% |
| Dundee | 0.97% | 1.04% | 1.27% | 1.49% | 1.61% |
| Dyersville | 0.96% | 0.99% | 1.12% | 1.29% | 1.36% |
| Earlville | 0.96% | 1.03% | 1.37% | 1.69% | 1.78% |
| Edgewood | 1.17% | 1.57% | 1.71% | 1.80% | 1.86% |
| Greeley | 1.05% | 1.20% | 1.47% | 1.65% | 1.78% |
| Hopkinton | 0.92% | 0.99% | 1.21% | 1.37% | 1.45% |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Manchester | 1.03% | 1.11% | 1.43% | 1.55% | 1.65% |
| Masonville | 1.06% | 1.16% | 1.40% | 1.80% | 1.94% |
| Monticello | 1.15% | 1.19% | 1.22% | 1.29% | 1.45% |
| New Vienna | 0.97% | 1.11% | 1.22% | 1.41% | 1.55% |
| Ryan | 1.06% | 1.14% | 1.39% | 1.49% | 1.58% |
| Strawberry Point | 0.98% | 1.04% | 1.12% | 1.26% | 1.37% |
| Worthington | 1.01% | 1.09% | 1.14% | 1.19% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Delaware County, Iowa
In Delaware 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 Delaware 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 Delaware 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, Lamont has the highest median tax bill at $5,259, while Delaware has the lowest at $1,078. Being aware of these valuation processes in Delaware County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Delaware County Assessed Value
$182,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delaware County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coggon | $136,100 | $190,300 | $265,500 | $396,400 | $571,400 |
| Colesburg | $39,800 | $73,800 | $124,000 | $177,600 | $264,100 |
| Delaware | $16,470 | $42,075 | $89,650 | $131,500 | $172,490 |
| Delhi | $16,490 | $91,500 | $202,550 | $383,600 | $540,640 |
| Dundee | $18,580 | $75,400 | $138,400 | $250,750 | $384,920 |
| Dyersville | $107,740 | $191,500 | $291,400 | $426,300 | $543,900 |
| Earlville | $50,200 | $94,850 | $158,700 | $277,850 | $416,900 |
| Edgewood | $45,560 | $108,700 | $160,200 | $246,400 | $340,640 |
| Greeley | $18,600 | $66,750 | $120,100 | $244,250 | $366,900 |
| Hopkinton | $42,890 | $98,575 | $171,750 | $269,325 | $374,720 |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Manchester | $55,400 | $111,400 | $181,150 | $292,200 | $420,650 |
| Masonville | $20,740 | $56,375 | $146,350 | $301,575 | $450,820 |
| Monticello | $146,320 | $156,125 | $189,300 | $365,200 | $399,910 |
| New Vienna | $77,700 | $217,400 | $291,800 | $439,300 | $556,100 |
| Ryan | $73,690 | $132,875 | $195,550 | $307,450 | $447,290 |
| Strawberry Point | $105,900 | $181,600 | $241,100 | $340,800 | $520,500 |
| Worthington | $139,700 | $196,500 | $255,500 | $322,550 | $392,180 |
Source: Ownwell
Property Tax Bills Across Delaware County, Iowa
In Delaware County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $182,000, the tax bill can vary significantly. Homeowners at the 25th percentile might pay around $1,486, whereas those at the 75th percentile could see bills as high as $3,814. The 90th percentile tax bill can reach up to $5,568, reflecting the higher end of the property market. Several factors influence the tax bill, including property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Delaware County's rates can result in a wide range of tax bills. For instance, the highest median tax bill in the county is in Lamont at $5,259, while the lowest is in Delaware at $1,078. These variations significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Delaware County Tax Bill
$2,420
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaware County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coggon | $1,492 | $2,152 | $3,196 | $4,928 | $7,268 |
| Colesburg | $524 | $1,042 | $1,842 | $2,442 | $3,484 |
| Delaware | $222 | $560 | $1,078 | $1,794 | $2,386 |
| Delhi | $442 | $1,358 | $2,685 | $4,713 | $6,636 |
| Dundee | $320 | $1,134 | $1,795 | $2,757 | $4,353 |
| Dyersville | $1,113 | $2,000 | $3,452 | $5,062 | $6,352 |
| Earlville | $828 | $1,394 | $2,266 | $3,376 | $4,860 |
| Edgewood | $817 | $1,819 | $2,681 | $3,900 | $5,483 |
| Greeley | $317 | $1,022 | $1,937 | $3,297 | $4,513 |
| Hopkinton | $491 | $1,218 | $1,999 | $3,030 | $4,242 |
| Lamont | N/A | N/A | N/A | N/A | N/A |
| Manchester | $910 | $1,628 | $2,504 | $3,846 | $5,340 |
| Masonville | $345 | $994 | $2,010 | $3,568 | $6,109 |
| Monticello | $1,764 | $2,018 | $2,269 | $4,680 | $5,760 |
| New Vienna | $814 | $2,472 | $3,692 | $5,566 | $7,078 |
| Ryan | $1,024 | $1,820 | $2,534 | $3,834 | $6,047 |
| Strawberry Point | $1,274 | $2,095 | $2,730 | $3,760 | $6,608 |
| Worthington | $1,488 | $2,243 | $2,844 | $4,044 | $4,510 |
Source: Ownwell