Emmet County, Iowa Property Taxes
The median property tax rate in Emmet County is 1.51%, which is higher than the national median of 0.99% but slightly below the Iowa state median of 1.54%. With a median home value of $98,400 in Emmet County, the typical annual property tax bill is approximately $1,436, which is significantly lower than the national median of $2,690. Property taxes in Emmet County 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 Emmet County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Estherville or another part of Emmet County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emmet County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,486
$1,379
Ownwell’s Emmet County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Emmet County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Emmet 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 Emmet County, Iowa
Property taxes in Emmet County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Emmet County is 1.51%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Emmet County set these rates annually, and they can vary significantly between different areas within the county. Each year, Emmet 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 Emmet County's effective property tax rate with other regions in Iowa and the national median. For comparison, the city of Estherville has one of the higher property tax rates in Iowa at 1.63%, while the city of Armstrong boasts one of the lowest at 0.98%. Analyzing how Emmet County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Emmet County Tax Rate
1.51%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emmet County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | 0.81% | 0.90% | 0.98% | 1.14% | 1.35% |
| Dolliver | 0.83% | 0.95% | 1.14% | 1.27% | 1.44% |
| Estherville | 1.11% | 1.39% | 1.63% | 1.77% | 1.88% |
| Graettinger | 1.01% | 1.06% | 1.17% | 1.30% | 1.46% |
| Gruver | 0.92% | 0.98% | 1.10% | 1.22% | 1.25% |
| Ringsted | 0.83% | 1.07% | 1.47% | 1.82% | 2.06% |
| Terril | N/A | N/A | N/A | N/A | N/A |
| Wallingford | 1.00% | 1.11% | 1.20% | 1.39% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Emmet County, Iowa
In Emmet 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 Emmet 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 Emmet 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, homeowners in Terril face the highest median tax bill at $2,343, while those in Ringsted enjoy the lowest at $749. Being aware of these valuation processes in Emmet County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Emmet County Assessed Value
$98,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emmet County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | $36,720 | $65,775 | $112,650 | $179,400 | $276,910 |
| Dolliver | $14,480 | $53,500 | $99,750 | $167,175 | $288,470 |
| Estherville | $38,080 | $64,100 | $100,500 | $150,500 | $224,420 |
| Graettinger | $68,390 | $131,550 | $180,300 | $264,000 | $335,320 |
| Gruver | $27,900 | $48,700 | $74,600 | $104,100 | $118,020 |
| Ringsted | $12,070 | $26,675 | $48,100 | $102,900 | $208,730 |
| Terril | N/A | N/A | N/A | N/A | N/A |
| Wallingford | $22,050 | $45,425 | $86,500 | $154,625 | $235,500 |
Source: Ownwell
Property Tax Bills Across Emmet County, Iowa
In Emmet County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county stands at $98,400. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $836 and the 75th percentile reaching $2,173. The 90th percentile tax bill can go up to $3,154. These figures indicate a wide range of property tax obligations, influenced by factors such as property size, location, and any applicable exemptions. The county's property tax rate is a significant factor in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Emmet County's rate can result in higher or lower tax bills, depending on the specific assessed value of the property. For instance, the highest median tax bill in the county is $2,343 in Terril, while the lowest is $749 in Ringsted. This variability affects homeowners by influencing their annual financial planning and the overall affordability of homeownership in the area.
Average Emmet County Tax Bill
$1,436
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Emmet County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Armstrong | $336 | $638 | $1,088 | $1,827 | $2,846 |
| Dolliver | $160 | $493 | $1,148 | $1,737 | $2,893 |
| Estherville | $621 | $1,036 | $1,600 | $2,336 | $3,324 |
| Graettinger | $985 | $1,315 | $2,160 | $2,952 | $3,528 |
| Gruver | $384 | $565 | $808 | $1,111 | $1,285 |
| Ringsted | $156 | $375 | $749 | $1,431 | $2,102 |
| Terril | N/A | N/A | N/A | N/A | N/A |
| Wallingford | $307 | $566 | $1,090 | $1,830 | $2,741 |
Source: Ownwell