Greene County, Iowa Property Taxes
The median property tax rate in Greene County is 1.35%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Greene County, the typical annual property tax bill is $1,434, which is significantly below the national median of $2,690. Property taxes in Greene County are calculated based on the assessed value, which often falls below the market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Greene 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 Jefferson or another part of Greene County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greene County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,536
$1,425
Ownwell’s Greene County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Greene County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Greene 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 Greene County, Iowa
Property taxes in Greene County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greene County is 1.35%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Greene County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greene 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 Greene County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Grand Junction has one of the higher property tax rates in Iowa at 1.44%, while the city of Glidden boasts one of the lowest at 0.83%. Analyzing how Greene County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greene County Tax Rate
1.35%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greene County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bagley | 0.90% | 0.96% | 1.07% | 1.14% | 1.29% |
| Bayard | N/A | N/A | N/A | N/A | N/A |
| Churdan | 0.84% | 0.93% | 1.06% | 1.25% | 1.42% |
| Coon Rapids | 0.88% | 0.93% | 0.98% | 1.06% | 1.32% |
| Cooper | N/A | N/A | N/A | N/A | N/A |
| Dana | 0.75% | 1.03% | 1.28% | 1.66% | 2.00% |
| Glidden | N/A | N/A | N/A | N/A | N/A |
| Gowrie | N/A | N/A | N/A | N/A | N/A |
| Grand Junction | 1.03% | 1.20% | 1.44% | 1.63% | 1.80% |
| Jamaica | 0.95% | 1.05% | 1.11% | 1.21% | 1.53% |
| Jefferson | 1.04% | 1.22% | 1.42% | 1.56% | 1.67% |
| Lohrville | N/A | N/A | N/A | N/A | N/A |
| Paton | 0.87% | 1.01% | 1.14% | 1.34% | 1.65% |
| Perry | 1.02% | 1.08% | 1.20% | 1.24% | 1.42% |
| Rippey | 0.94% | 1.06% | 1.20% | 1.40% | 1.82% |
| Scranton | 0.92% | 1.04% | 1.17% | 1.37% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Greene County, Iowa
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Greene 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 Greene 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 Greene 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. Being aware of these valuation processes in Greene County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Bayard has the highest median tax bill at $3,456, while Dana has the lowest at $264.
Average Greene County Assessed Value
$113,750
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greene County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bagley | $54,500 | $111,650 | $154,800 | $212,200 | $242,800 |
| Bayard | N/A | N/A | N/A | N/A | N/A |
| Churdan | $27,120 | $50,450 | $98,700 | $162,000 | $241,810 |
| Coon Rapids | $58,050 | $109,400 | $141,550 | $209,400 | $257,300 |
| Cooper | N/A | N/A | N/A | N/A | N/A |
| Dana | $1,440 | $7,750 | $24,800 | $93,600 | $174,960 |
| Glidden | N/A | N/A | N/A | N/A | N/A |
| Gowrie | N/A | N/A | N/A | N/A | N/A |
| Grand Junction | $12,100 | $29,000 | $63,400 | $113,450 | $189,300 |
| Jamaica | $73,320 | $100,300 | $195,200 | $268,700 | $321,940 |
| Jefferson | $41,800 | $77,550 | $130,900 | $188,700 | $271,280 |
| Lohrville | N/A | N/A | N/A | N/A | N/A |
| Paton | $16,160 | $47,400 | $90,500 | $178,600 | $232,000 |
| Perry | $56,700 | $89,725 | $145,050 | $238,375 | $340,400 |
| Rippey | $11,680 | $53,050 | $98,250 | $163,725 | $223,710 |
| Scranton | $24,860 | $54,100 | $107,550 | $166,500 | $247,670 |
Source: Ownwell
Property Tax Bills Across Greene County, Iowa
In Greene 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 property tax rate to determine the annual tax bill. For example, with a median home price of $113,750, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $756, while at the 75th percentile, the tax bill could rise to approximately $2,356. For those at the 90th percentile, it can reach up to $3,435. These variations are influenced by factors such as property location, improvements, and local tax levies. Comparatively, Greene County's property tax rates can be higher or lower than the national median property tax rate of 0.99%, impacting homeowners' financial planning. Cities within the county also show disparities, with Bayard having the highest median tax bill at $3,456, while Dana has the lowest at $264.
Average Greene County Tax Bill
$1,434
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Greene County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bagley | $618 | $1,035 | $1,572 | $2,498 | $2,900 |
| Bayard | N/A | N/A | N/A | N/A | N/A |
| Churdan | $325 | $604 | $1,016 | $1,848 | $2,656 |
| Coon Rapids | $583 | $1,007 | $1,418 | $2,373 | $2,552 |
| Cooper | N/A | N/A | N/A | N/A | N/A |
| Dana | $24 | $94 | $264 | $1,316 | $1,836 |
| Glidden | N/A | N/A | N/A | N/A | N/A |
| Gowrie | N/A | N/A | N/A | N/A | N/A |
| Grand Junction | $167 | $424 | $874 | $1,591 | $2,480 |
| Jamaica | $784 | $1,290 | $2,250 | $3,078 | $3,570 |
| Jefferson | $536 | $1,006 | $1,752 | $2,744 | $3,927 |
| Lohrville | N/A | N/A | N/A | N/A | N/A |
| Paton | $208 | $555 | $1,022 | $1,829 | $2,508 |
| Perry | $579 | $940 | $1,799 | $2,907 | $3,630 |
| Rippey | $200 | $640 | $1,230 | $2,068 | $2,816 |
| Scranton | $305 | $650 | $1,236 | $2,047 | $3,047 |
Source: Ownwell