Fayette County, Iowa Property Taxes
The median property tax rate in Fayette County is 1.39%, 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 $118,020, the typical annual property tax bill in Fayette County amounts to $1,568, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fayette 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 West Union or another part of Fayette County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fayette County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,640
$1,522
Ownwell’s Fayette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fayette with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fayette 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 Fayette County, Iowa
Property taxes in Fayette play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fayette is 1.39%, which is higher than the U.S. national median of 0.99%. Local government entities within Fayette set these rates annually, and they can vary significantly between different areas within the county. Each year, Fayette 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 Fayette's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Oelwein has one of the higher property tax rates in Iowa at 1.56%, while the city of Lamont boasts one of the lowest at 1.00%. Analyzing how Fayette's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fayette County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fayette County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.91% | 1.02% | 1.31% | 1.49% | 1.62% |
| Auburn Douglas | N/A | N/A | N/A | N/A | N/A |
| Aurora | 0.89% | 0.95% | 1.06% | 1.21% | 1.38% |
| Castalia | 1.02% | 1.11% | 1.32% | 1.40% | 1.49% |
| Clermont | 0.98% | 1.18% | 1.33% | 1.43% | 1.46% |
| Elgin | 0.96% | 1.07% | 1.38% | 1.53% | 1.63% |
| Fairbank | 1.06% | 1.14% | 1.28% | 1.32% | 1.36% |
| Fayette | 0.99% | 1.11% | 1.40% | 1.52% | 1.55% |
| Fort Atkinson | 0.86% | 0.90% | 1.17% | 1.26% | 1.30% |
| Fredericksburg | N/A | N/A | N/A | N/A | N/A |
| Hawkeye | 0.94% | 1.01% | 1.18% | 1.37% | 1.41% |
| Lamont | 0.88% | 0.92% | 1.00% | 1.27% | 1.36% |
| Maynard | 1.07% | 1.24% | 1.49% | 1.62% | 1.66% |
| Oelwein | 1.09% | 1.39% | 1.56% | 1.71% | 1.76% |
| Oran | 0.92% | 1.00% | 1.10% | 1.13% | 1.49% |
| Ossian | 0.84% | 1.00% | 1.06% | 1.33% | 1.43% |
| Postville | 1.07% | 1.10% | 1.13% | 1.45% | 1.50% |
| Randalia | 0.95% | 1.03% | 1.16% | 1.46% | 1.53% |
| Saint Lucas | 1.23% | 1.30% | 1.38% | 1.46% | 1.50% |
| Stanley | 0.96% | 1.05% | 1.39% | 1.50% | 1.58% |
| Strawberry Point | N/A | N/A | N/A | N/A | N/A |
| Sumner | 0.92% | 0.98% | 1.06% | 1.33% | 1.45% |
| Wadena | 0.81% | 0.98% | 1.20% | 1.38% | 1.40% |
| Waucoma | 0.84% | 0.94% | 1.17% | 1.31% | 1.35% |
| Westgate | 1.02% | 1.10% | 1.36% | 1.56% | 1.58% |
| West Union | 0.97% | 1.11% | 1.39% | 1.51% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Fayette County, Iowa
In Fayette 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 Fayette 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 Fayette 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. Stanley has the highest median tax bill at $4,326, while Auburn Douglas has the lowest at $451. Being aware of these valuation processes in Fayette County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Fayette County Assessed Value
$118,020
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fayette County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $28,740 | $70,980 | $139,300 | $252,980 | $408,300 |
| Auburn Douglas | N/A | N/A | N/A | N/A | N/A |
| Aurora | $118,236 | $160,205 | $220,300 | $423,570 | $595,252 |
| Castalia | $141,910 | $184,220 | $279,600 | $387,470 | $475,804 |
| Clermont | $36,242 | $74,008 | $126,050 | $195,605 | $293,322 |
| Elgin | $39,575 | $71,092 | $126,445 | $208,378 | $315,500 |
| Fairbank | $122,738 | $178,820 | $259,340 | $348,155 | $415,454 |
| Fayette | $51,221 | $86,122 | $142,305 | $225,632 | $347,023 |
| Fort Atkinson | $94,813 | $120,880 | $184,035 | $272,108 | $374,485 |
| Fredericksburg | N/A | N/A | N/A | N/A | N/A |
| Hawkeye | $35,704 | $71,008 | $133,250 | $255,290 | $427,761 |
| Lamont | $122,599 | $171,062 | $259,590 | $411,805 | $587,276 |
| Maynard | $49,186 | $78,385 | $128,500 | $207,455 | $365,474 |
| Oelwein | $28,736 | $48,982 | $85,250 | $141,492 | $218,998 |
| Oran | $14,175 | $36,582 | $59,830 | $97,045 | $131,215 |
| Ossian | $152,316 | $216,560 | $254,050 | $358,320 | $468,054 |
| Postville | $119,956 | $214,130 | $288,970 | $424,820 | $516,230 |
| Randalia | $12,420 | $45,955 | $135,130 | $242,220 | $397,340 |
| Saint Lucas | $41,332 | $65,160 | $92,260 | $130,850 | $220,552 |
| Stanley | $147,162 | $215,320 | $324,560 | $530,295 | $646,236 |
| Strawberry Point | N/A | N/A | N/A | N/A | N/A |
| Sumner | $108,900 | $167,298 | $229,230 | $356,978 | $492,770 |
| Wadena | $32,722 | $57,730 | $119,560 | $217,885 | $327,586 |
| Waucoma | $30,068 | $64,210 | $129,590 | $237,460 | $436,842 |
| Westgate | $35,326 | $57,570 | $129,750 | $226,740 | $367,634 |
| West Union | $46,850 | $78,855 | $134,740 | $213,590 | $338,036 |
Source: Ownwell
Property Tax Bills Across Fayette County, Iowa
In Fayette County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Fayette County is $118,020. The tax bill is influenced by various factors, including the local tax rate, which is applied to the assessed value of the property. Homeowners in Fayette County can expect tax bills ranging widely, with the 25th percentile at $889 and the 75th percentile reaching $2,570. At the 90th percentile, tax bills can be as high as $4,246. These tax bills directly impact homeowners by contributing to the overall cost of owning a home. For comparison, the national median property tax rate is 0.99%, highlighting that Fayette County's tax bills can be both lower and higher than the national average, depending on the specific property and its assessed value. Homeowners in cities like Stanley face the highest median tax bill at $4,326, while those in Auburn Douglas enjoy the lowest at $451.
Average Fayette County Tax Bill
$1,568
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Fayette County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $359 | $884 | $1,584 | $3,014 | $5,214 |
| Auburn Douglas | N/A | N/A | N/A | N/A | N/A |
| Aurora | $1,240 | $1,483 | $2,280 | $4,684 | $6,889 |
| Castalia | $1,535 | $2,480 | $3,372 | $5,426 | $5,896 |
| Clermont | $468 | $888 | $1,612 | $2,510 | $3,742 |
| Elgin | $557 | $1,000 | $1,675 | $2,541 | $4,134 |
| Fairbank | $1,467 | $2,186 | $3,032 | $4,432 | $5,332 |
| Fayette | $644 | $1,192 | $1,872 | $2,828 | $4,434 |
| Fort Atkinson | $913 | $1,170 | $1,899 | $2,893 | $4,046 |
| Fredericksburg | N/A | N/A | N/A | N/A | N/A |
| Hawkeye | $406 | $834 | $1,552 | $2,742 | $5,621 |
| Lamont | $993 | $1,456 | $2,507 | $5,522 | $6,872 |
| Maynard | $710 | $1,145 | $1,842 | $2,634 | $4,738 |
| Oelwein | $434 | $754 | $1,295 | $2,104 | $3,127 |
| Oran | $195 | $379 | $703 | $1,031 | $1,396 |
| Ossian | $1,768 | $2,212 | $2,444 | $4,676 | $5,578 |
| Postville | $1,295 | $2,296 | $3,296 | $4,688 | $6,902 |
| Randalia | $182 | $635 | $1,478 | $2,863 | $4,664 |
| Saint Lucas | $503 | $912 | $1,242 | $1,848 | $2,824 |
| Stanley | $1,613 | $2,061 | $4,326 | $7,763 | $9,086 |
| Strawberry Point | N/A | N/A | N/A | N/A | N/A |
| Sumner | $1,032 | $1,747 | $2,520 | $4,295 | $6,232 |
| Wadena | $378 | $692 | $1,274 | $2,275 | $3,769 |
| Waucoma | $301 | $734 | $1,318 | $2,762 | $5,190 |
| Westgate | $453 | $838 | $1,571 | $2,598 | $5,081 |
| West Union | $629 | $1,048 | $1,732 | $2,722 | $4,085 |
Source: Ownwell