Hamilton County, Iowa Property Taxes
The median property tax rate in Hamilton County is 1.61%, which is significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Hamilton County at $127,340, the typical annual property tax bill reaches $1,946, which is below the national median of $2,690. Property taxes in Hamilton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hamilton 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 Webster City or another part of Hamilton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamilton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$2,050
$1,903
Ownwell’s Hamilton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hamilton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hamilton 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 Hamilton County, Iowa
Property taxes in Hamilton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hamilton County is 1.61%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Hamilton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hamilton 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. For comparison, the city of Webster City has one of the higher property tax rates in Iowa at 1.80%, while the city of Alden boasts one of the lowest at 1.07%. Analyzing how Hamilton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hamilton County Tax Rate
1.61%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamilton County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alden | N/A | N/A | N/A | N/A | N/A |
| Blairsburg | 0.96% | 1.00% | 1.26% | 1.52% | 1.62% |
| Boone | N/A | N/A | N/A | N/A | N/A |
| Duncombe | 1.12% | 1.16% | 1.18% | 1.34% | 1.47% |
| Ellsworth | 1.14% | 1.23% | 1.45% | 1.57% | 1.63% |
| Jewell | 1.12% | 1.22% | 1.32% | 1.42% | 1.50% |
| Kamrar | 0.98% | 1.06% | 1.24% | 1.50% | 1.79% |
| Radcliffe | 1.12% | 1.16% | 1.21% | 1.35% | 1.50% |
| Randall | 1.13% | 1.18% | 1.24% | 1.32% | 1.39% |
| Roland | N/A | N/A | N/A | N/A | N/A |
| Stanhope | 1.06% | 1.17% | 1.32% | 1.46% | 1.58% |
| Story City | 1.10% | 1.16% | 1.21% | 1.28% | 1.39% |
| Stratford | 1.02% | 1.10% | 1.33% | 1.50% | 1.58% |
| Webster City | 1.19% | 1.68% | 1.80% | 1.95% | 2.10% |
| Williams | 1.01% | 1.18% | 1.55% | 1.80% | 1.84% |
| Woolstock | 1.13% | 1.16% | 1.17% | 1.26% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton County, Iowa
In Hamilton 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 Hamilton 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 Hamilton 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, Roland has the highest median tax bill at $5,124, while Kamrar has the lowest at $1,089. Being aware of these valuation processes in Hamilton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hamilton County Assessed Value
$127,340
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamilton County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alden | N/A | N/A | N/A | N/A | N/A |
| Blairsburg | $31,208 | $63,610 | $109,390 | $179,610 | $241,158 |
| Boone | N/A | N/A | N/A | N/A | N/A |
| Duncombe | $69,581 | $124,660 | $183,565 | $226,638 | $258,642 |
| Ellsworth | $51,360 | $91,020 | $152,360 | $227,680 | $337,094 |
| Jewell | $62,194 | $102,130 | $157,050 | $247,220 | $356,096 |
| Kamrar | $24,590 | $47,070 | $86,690 | $165,340 | $285,328 |
| Radcliffe | $94,292 | $150,595 | $196,955 | $285,620 | $364,512 |
| Randall | $36,356 | $80,760 | $127,490 | $168,190 | $221,014 |
| Roland | N/A | N/A | N/A | N/A | N/A |
| Stanhope | $39,038 | $86,350 | $140,870 | $207,130 | $287,668 |
| Story City | $124,410 | $179,640 | $231,985 | $373,312 | $500,982 |
| Stratford | $43,505 | $79,145 | $119,850 | $198,648 | $293,088 |
| Webster City | $47,393 | $74,172 | $116,410 | $184,850 | $282,170 |
| Williams | $31,350 | $55,460 | $87,880 | $172,975 | $245,285 |
| Woolstock | $133,360 | $141,030 | $205,730 | $280,700 | $398,680 |
Source: Ownwell
Property Tax Bills Across Hamilton County, Iowa
In Hamilton County, IA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in the county is $127,340, and the property tax rate is influenced by local government budgets and school funding needs. Tax bills vary significantly across the county, with the 25th percentile at $1,247 and the 75th percentile reaching $2,904. For those in the 90th percentile, tax bills can be as high as $4,365. Several factors contribute to the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. This system ensures that homeowners contribute to community services like education, public safety, and infrastructure. However, it also means that property taxes can significantly impact household budgets. For instance, in Roland, the highest median tax bill is $5,124, while in Kamrar, it is considerably lower at $1,089. This disparity highlights the importance of understanding local tax rates and how they affect overall housing costs.
Average Hamilton County Tax Bill
$1,946
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamilton County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alden | N/A | N/A | N/A | N/A | N/A |
| Blairsburg | $326 | $772 | $1,430 | $2,101 | $2,703 |
| Boone | N/A | N/A | N/A | N/A | N/A |
| Duncombe | $869 | $1,513 | $2,258 | $2,872 | $3,136 |
| Ellsworth | $802 | $1,367 | $2,204 | $3,036 | $4,292 |
| Jewell | $810 | $1,332 | $2,029 | $3,136 | $4,484 |
| Kamrar | $406 | $644 | $1,089 | $2,024 | $3,115 |
| Radcliffe | $1,216 | $2,045 | $2,599 | $3,501 | $4,682 |
| Randall | $542 | $940 | $1,510 | $2,126 | $2,629 |
| Roland | N/A | N/A | N/A | N/A | N/A |
| Stanhope | $561 | $1,114 | $1,802 | $2,723 | $3,477 |
| Story City | $1,390 | $2,152 | $2,741 | $3,950 | $5,365 |
| Stratford | $536 | $1,048 | $1,584 | $2,407 | $3,330 |
| Webster City | $859 | $1,330 | $2,040 | $3,058 | $4,620 |
| Williams | $452 | $866 | $1,400 | $2,164 | $3,092 |
| Woolstock | $1,520 | $1,862 | $2,425 | $3,370 | $4,538 |
Source: Ownwell