Grundy County, Iowa Property Taxes
The median property tax rate in Grundy County is 1.29%, 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 Grundy County at $168,355, the typical annual property tax bill is approximately $2,137, which is below the national median of $2,690. Property taxes in Grundy County are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding the specific property tax system in Grundy County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Grundy Center or another part of Grundy County, having a thorough grasp of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grundy County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,172
$2,015
Ownwell’s Grundy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grundy County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grundy 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 Grundy County, Iowa
Property taxes in Grundy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grundy County is 1.29%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Grundy County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grundy 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 Grundy County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Grundy Center has one of the higher property tax rates in Iowa at 1.60%, while the city of Liscomb boasts one of the lowest at 0.85%. Analyzing how Grundy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grundy County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grundy County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | 0.83% | 0.86% | 0.88% | 1.03% | 1.21% |
| Aplington | 0.87% | 0.89% | 0.94% | 1.07% | 1.22% |
| Beaman | 0.86% | 0.94% | 1.08% | 1.18% | 1.23% |
| Cedar Falls | 0.93% | 0.99% | 1.02% | 1.06% | 1.27% |
| Conrad | 0.86% | 1.15% | 1.30% | 1.37% | 1.43% |
| Dike | 1.02% | 1.21% | 1.48% | 1.53% | 1.59% |
| Eldora | 0.86% | 0.90% | 1.04% | 1.24% | 1.46% |
| Grundy Center | 1.14% | 1.50% | 1.60% | 1.69% | 1.75% |
| Holland | 1.04% | 1.11% | 1.35% | 1.46% | 1.54% |
| Hudson | 0.82% | 0.84% | 0.87% | 1.19% | 1.43% |
| Liscomb | N/A | N/A | N/A | N/A | N/A |
| Morrison | 0.89% | 0.97% | 1.00% | 1.05% | 1.13% |
| New Hartford | 0.94% | 0.99% | 1.02% | 1.05% | 1.09% |
| Parkersburg | 0.89% | 0.93% | 1.00% | 1.10% | 1.23% |
| Reinbeck | 0.88% | 1.08% | 1.17% | 1.25% | 1.30% |
| Steamboat Rock | 0.87% | 0.89% | 1.06% | 1.21% | 1.30% |
| Stout | 1.17% | 1.22% | 1.30% | 1.35% | 1.47% |
| Wellsburg | 0.89% | 1.12% | 1.28% | 1.34% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Grundy County, Iowa
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Grundy County, Iowa. 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 Grundy 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 Grundy 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. For example, Dike has the highest median tax bill at $3,330, while Morrison has the lowest at $820. 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 Grundy County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Grundy County Assessed Value
$168,355
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grundy County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $125,417 | $155,655 | $216,765 | $271,480 | $416,590 |
| Aplington | $105,464 | $147,010 | $204,020 | $299,250 | $442,820 |
| Beaman | $45,382 | $75,770 | $124,030 | $220,510 | $321,622 |
| Cedar Falls | $90,268 | $196,255 | $286,550 | $373,345 | $477,240 |
| Conrad | $69,395 | $105,732 | $160,365 | $239,760 | $336,549 |
| Dike | $131,252 | $178,720 | $244,980 | $350,480 | $458,428 |
| Eldora | $115,296 | $158,250 | $235,900 | $383,370 | $483,072 |
| Grundy Center | $70,927 | $106,950 | $154,090 | $233,120 | $336,919 |
| Holland | $51,590 | $87,728 | $146,365 | $240,825 | $383,890 |
| Hudson | $168,620 | $194,168 | $294,230 | $518,162 | $659,579 |
| Liscomb | N/A | N/A | N/A | N/A | N/A |
| Morrison | $5,898 | $26,800 | $75,870 | $138,405 | $176,106 |
| New Hartford | $116,564 | $196,610 | $250,410 | $304,120 | $448,751 |
| Parkersburg | $109,124 | $177,760 | $227,100 | $328,930 | $451,682 |
| Reinbeck | $63,065 | $101,570 | $152,420 | $233,290 | $360,044 |
| Steamboat Rock | $162,094 | $232,998 | $310,855 | $397,160 | $771,646 |
| Stout | $34,078 | $80,610 | $105,640 | $146,710 | $223,384 |
| Wellsburg | $55,860 | $83,985 | $121,800 | $206,140 | $328,170 |
Source: Ownwell
Property Tax Bills Across Grundy County, Iowa
Property tax bills in Grundy County, IA, are calculated based on the assessed value of a property, which typically reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final amount, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Grundy County, the impact of property taxes can vary significantly. The median home price in the county is $168,355. Tax bills at the 25th percentile are around $1,384, while those at the 75th percentile reach approximately $3,324. At the 90th percentile, homeowners may face tax bills as high as $4,962. In comparison, the highest median tax bill in the county is found in Dike at $3,330, while Morrison has the lowest median tax bill at $820. Given that the national median property tax rate is 0.99%, homeowners in Grundy County experience a range of tax burdens depending on their specific circumstances.
Average Grundy County Tax Bill
$2,137
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Grundy County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $1,062 | $1,380 | $1,986 | $2,844 | $4,292 |
| Aplington | $998 | $1,322 | $1,968 | $3,040 | $4,675 |
| Beaman | $503 | $825 | $1,340 | $2,278 | $3,669 |
| Cedar Falls | $1,191 | $1,978 | $2,966 | $3,848 | $5,472 |
| Conrad | $853 | $1,294 | $1,967 | $2,960 | $3,965 |
| Dike | $1,711 | $2,344 | $3,330 | $4,820 | $6,872 |
| Eldora | $1,116 | $1,678 | $2,208 | $4,008 | $7,038 |
| Grundy Center | $1,128 | $1,668 | $2,376 | $3,457 | $4,962 |
| Holland | $771 | $1,205 | $1,869 | $2,906 | $4,410 |
| Hudson | $1,403 | $1,614 | $2,859 | $6,400 | $7,990 |
| Liscomb | N/A | N/A | N/A | N/A | N/A |
| Morrison | $68 | $312 | $820 | $1,434 | $1,860 |
| New Hartford | $1,231 | $1,964 | $2,579 | $3,250 | $4,759 |
| Parkersburg | $1,124 | $1,701 | $2,270 | $3,329 | $4,828 |
| Reinbeck | $760 | $1,156 | $1,748 | $2,602 | $3,943 |
| Steamboat Rock | $1,371 | $2,216 | $2,996 | $4,704 | $9,360 |
| Stout | $792 | $1,115 | $1,424 | $1,901 | $2,738 |
| Wellsburg | $710 | $1,062 | $1,518 | $2,376 | $3,890 |
Source: Ownwell