Floyd County, Iowa Property Taxes
The median property tax rate in Floyd County is 1.40%, which is significantly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $118,220 in Floyd County, the typical annual property tax bill reaches $1,659, which is below the national median of $2,690. Property taxes in Floyd County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Floyd 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 Charles City or another part of Floyd County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Floyd County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,655
$1,536
Ownwell’s Floyd County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Floyd County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Floyd 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 Floyd County, Iowa
Property taxes in Floyd County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Floyd County is 1.40%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Floyd County set these rates annually, and they can vary significantly between different areas within the county. Each year, Floyd 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 Floyd County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Charles City has one of the higher property tax rates in Iowa at 1.48%, while the city of Clarksville boasts one of the lowest at 0.91%. Analyzing how Floyd County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Floyd County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Floyd County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | 1.09% | 1.29% | 1.48% | 1.65% | 1.73% |
| Clarksville | N/A | N/A | N/A | N/A | N/A |
| Colwell | 1.03% | 1.33% | 1.47% | 1.55% | 1.60% |
| Dougherty | 0.96% | 1.05% | 1.09% | 1.19% | 1.29% |
| Floyd | 0.98% | 1.07% | 1.19% | 1.31% | 1.41% |
| Greene | 0.93% | 0.97% | 1.02% | 1.16% | 1.44% |
| Ionia | 0.96% | 1.07% | 1.21% | 1.27% | 1.36% |
| Marble Rock | 0.93% | 1.00% | 1.17% | 1.35% | 1.45% |
| Nashua | 0.81% | 0.85% | 0.93% | 1.06% | 1.19% |
| Nora Springs | 1.01% | 1.25% | 1.34% | 1.43% | 1.49% |
| Orchard | 0.95% | 1.02% | 1.13% | 1.25% | 1.37% |
| Osage | N/A | N/A | N/A | N/A | N/A |
| Rockford | 1.01% | 1.06% | 1.32% | 1.46% | 1.58% |
| Rudd | 0.98% | 1.08% | 1.28% | 1.42% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Floyd County, Iowa
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Floyd County, IA. 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 Floyd 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 Floyd 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, Orchard has the highest median tax bill at $3,238, while Clarksville has the lowest at $444. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Floyd County Assessed Value
$118,220
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Floyd County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | $35,618 | $69,030 | $109,750 | $197,290 | $296,318 |
| Clarksville | N/A | N/A | N/A | N/A | N/A |
| Colwell | $9,222 | $17,840 | $33,880 | $56,905 | $73,762 |
| Dougherty | $112,045 | $155,002 | $280,350 | $395,570 | $436,723 |
| Floyd | $30,268 | $76,500 | $136,100 | $237,065 | $356,922 |
| Greene | $50,847 | $141,660 | $208,245 | $298,098 | $427,037 |
| Ionia | $67,624 | $109,550 | $153,880 | $420,030 | $476,000 |
| Marble Rock | $17,796 | $52,980 | $114,710 | $220,160 | $328,106 |
| Nashua | $57,904 | $106,762 | $199,205 | $314,812 | $400,904 |
| Nora Springs | $48,560 | $88,010 | $137,190 | $205,110 | $307,260 |
| Orchard | $133,878 | $217,825 | $296,860 | $375,080 | $489,304 |
| Osage | N/A | N/A | N/A | N/A | N/A |
| Rockford | $17,790 | $63,412 | $123,645 | $234,650 | $348,365 |
| Rudd | $19,630 | $55,485 | $106,860 | $189,678 | $323,665 |
Source: Ownwell
Property Tax Bills Across Floyd County, Iowa
In Floyd County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements made to the home. Homeowners in Floyd County experience a wide range of tax bills. For instance, the tax bill at the 25th percentile is $1,026, while at the 75th percentile, it’s $2,670, and at the 90th percentile, it reaches $4,059. The highest median tax bill in the county is found in Orchard, at $3,238, whereas Clarksville has the lowest median tax bill at $444. Comparatively, the national median property tax rate is 0.99%, making Floyd County's rates relatively moderate. Understanding these factors and their impact on property taxes can help homeowners better manage their finances and anticipate annual expenses.
Average Floyd County Tax Bill
$1,659
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Floyd County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Charles City | $590 | $1,036 | $1,633 | $2,624 | $4,000 |
| Clarksville | N/A | N/A | N/A | N/A | N/A |
| Colwell | $108 | $240 | $476 | $855 | $1,008 |
| Dougherty | $1,041 | $1,622 | $2,852 | $4,104 | $5,129 |
| Floyd | $453 | $1,036 | $1,706 | $2,664 | $4,091 |
| Greene | $908 | $1,487 | $2,148 | $3,510 | $4,876 |
| Ionia | $945 | $1,370 | $2,297 | $5,893 | $6,532 |
| Marble Rock | $253 | $688 | $1,348 | $2,312 | $3,773 |
| Nashua | $860 | $1,228 | $2,092 | $3,008 | $4,244 |
| Nora Springs | $752 | $1,209 | $1,812 | $2,642 | $3,870 |
| Orchard | $1,500 | $2,648 | $3,238 | $5,104 | $5,858 |
| Osage | N/A | N/A | N/A | N/A | N/A |
| Rockford | $390 | $954 | $1,723 | $2,990 | $4,082 |
| Rudd | $358 | $808 | $1,466 | $2,324 | $3,670 |
Source: Ownwell
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