Guthrie County, Iowa Property Taxes
The median property tax rate in Guthrie County is 1.18%, 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 $152,050, the typical annual property tax bill in Guthrie County is $1,994, which is below the national median of $2,690. Property taxes in Guthrie County are based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the specifics of Guthrie County's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Guthrie Center or another part of Guthrie County, having a thorough knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guthrie County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,794
$1,665
Ownwell’s Guthrie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Guthrie County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Guthrie 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's 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 Guthrie County, Iowa
Property taxes in Guthrie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Guthrie County is 1.18%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Guthrie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Guthrie 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 Guthrie County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Bayard has one of the higher property tax rates in Iowa at 1.58%, while the city of La Mesa boasts one of the lowest at 0.76%. Analyzing how Guthrie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guthrie County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | 0.88% | 0.97% | 1.04% | 1.19% | 1.36% |
| Anita | N/A | N/A | N/A | N/A | N/A |
| Audubon | N/A | N/A | N/A | N/A | N/A |
| Bagley | 0.76% | 0.86% | 1.02% | 1.17% | 1.35% |
| Bayard | 0.98% | 1.18% | 1.58% | 1.96% | 2.04% |
| Casey | 0.95% | 1.05% | 1.43% | 1.77% | 1.91% |
| Coon Rapids | 0.97% | 1.02% | 1.09% | 1.22% | 1.37% |
| Dexter | 0.79% | 0.90% | 1.02% | 1.13% | 1.24% |
| Exira | N/A | N/A | N/A | N/A | N/A |
| Guthrie Center | 0.99% | 1.13% | 1.40% | 1.55% | 1.65% |
| Jamaica | 1.08% | 1.20% | 1.40% | 1.65% | 1.78% |
| Jefferson | N/A | N/A | N/A | N/A | N/A |
| La Mesa | N/A | N/A | N/A | N/A | N/A |
| Linden | 0.69% | 1.02% | 1.10% | 1.15% | 1.25% |
| Menlo | 0.94% | 1.04% | 1.31% | 1.45% | 1.55% |
| Panora | 0.96% | 1.04% | 1.09% | 1.33% | 1.82% |
| Redfield | 0.97% | 1.00% | 1.05% | 1.14% | 1.22% |
| Stuart | 0.98% | 1.19% | 1.40% | 1.50% | 1.57% |
| Yale | 1.07% | 1.14% | 1.38% | 1.53% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie County, Iowa
In Guthrie 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 Guthrie 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 Guthrie 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, in Guthrie County, the city with the highest median tax bill is La Mesa at $6,036, while Bagley has the lowest at $766. 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 Guthrie County Assessed Value
$152,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guthrie County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | $97,380 | $133,100 | $181,600 | $245,500 | $313,060 |
| Anita | N/A | N/A | N/A | N/A | N/A |
| Audubon | N/A | N/A | N/A | N/A | N/A |
| Bagley | $15,700 | $36,100 | $77,700 | $124,400 | $235,320 |
| Bayard | $11,160 | $28,050 | $55,000 | $101,200 | $213,000 |
| Casey | $17,660 | $47,900 | $88,400 | $162,125 | $267,630 |
| Coon Rapids | $65,860 | $106,425 | $161,350 | $224,275 | $306,030 |
| Dexter | $47,700 | $101,725 | $214,150 | $353,825 | $464,080 |
| Exira | N/A | N/A | N/A | N/A | N/A |
| Guthrie Center | $42,200 | $67,000 | $112,100 | $177,700 | $270,080 |
| Jamaica | $15,600 | $35,300 | $57,500 | $119,700 | $212,100 |
| Jefferson | N/A | N/A | N/A | N/A | N/A |
| La Mesa | N/A | N/A | N/A | N/A | N/A |
| Linden | $79,000 | $171,250 | $266,100 | $321,950 | $362,200 |
| Menlo | $33,550 | $69,050 | $121,800 | $180,950 | $241,270 |
| Panora | $100,600 | $178,300 | $399,000 | $748,100 | $1,026,600 |
| Redfield | $97,720 | $158,600 | $203,100 | $240,850 | $352,760 |
| Stuart | $44,200 | $75,100 | $144,100 | $242,500 | $309,500 |
| Yale | $32,940 | $67,250 | $117,500 | $193,300 | $309,860 |
Source: Ownwell
Property Tax Bills Across Guthrie County, Iowa
In Guthrie County, IA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rates set by local taxing authorities. For example, the median home price in Guthrie County is $152,050, leading to varying tax bills. Homeowners in the 25th percentile pay around $1,054, whereas those in the 75th percentile face bills up to $3,680. At the 90th percentile, tax bills can soar to $7,029. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Comparing nationally, Guthrie County's tax rates can be seen as relatively moderate, with the national median property tax rate at 0.99%.
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Guthrie County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adair | $942 | $1,458 | $1,876 | $2,654 | $3,560 |
| Anita | N/A | N/A | N/A | N/A | N/A |
| Audubon | N/A | N/A | N/A | N/A | N/A |
| Bagley | $152 | $340 | $766 | $1,438 | $2,782 |
| Bayard | $178 | $474 | $864 | $1,510 | $2,314 |
| Casey | $300 | $724 | $1,236 | $2,097 | $2,988 |
| Coon Rapids | $742 | $1,124 | $1,855 | $2,516 | $3,331 |
| Dexter | $416 | $1,036 | $2,338 | $3,792 | $5,018 |
| Exira | N/A | N/A | N/A | N/A | N/A |
| Guthrie Center | $537 | $936 | $1,474 | $2,256 | $3,330 |
| Jamaica | $255 | $488 | $857 | $1,656 | $2,736 |
| Jefferson | N/A | N/A | N/A | N/A | N/A |
| La Mesa | N/A | N/A | N/A | N/A | N/A |
| Linden | $544 | $1,827 | $2,830 | $4,014 | $4,084 |
| Menlo | $487 | $908 | $1,526 | $2,269 | $3,035 |
| Panora | $1,494 | $2,548 | $4,491 | $7,714 | $10,761 |
| Redfield | $1,193 | $1,726 | $2,020 | $2,607 | $3,465 |
| Stuart | $698 | $1,098 | $1,860 | $3,072 | $4,046 |
| Yale | $428 | $1,024 | $1,574 | $2,264 | $3,532 |
Source: Ownwell