Hancock County, Iowa Property Taxes

Name: Property Tax Bills Across Hancock County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hancock County effective property tax rate: 1.39%, significantly higher than the national median of 1.02%.
Median Hancock County home value: $129,985
Median annual Hancock County tax bill: $1,680, $720 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock County calculated?

Property taxes in Hancock County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Garner or another part of Hancock County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hancock County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$1,807

$1,677

Ownwell’s Hancock County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hancock County with just two data points. By entering your property's estimated assessed value, our calculator applies Hancock County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hancock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hancock County, Iowa

Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Hancock County, Iowa, the effective property tax rate is 1.39%, which is higher than the national median of 1.02%. Within the county, Britt has the highest median tax rate at 1.60%, while Wesley boasts the lowest at 0.97%. Compared to the national median property tax bill of $2400, Hancock County's higher rate may result in a more substantial financial obligation for property owners. Understanding these variations can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Hancock County, Iowa

Source: Ownwell

0.97%

1.28%

1.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hancock County Tax Rate

1.39%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hancock County, Iowa

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Belmond	N/A	N/A	N/A	N/A	N/A
Britt	0.98%	1.13%	1.60%	1.74%	1.81%
Corwith	0.88%	1.02%	1.31%	1.64%	1.66%
Crystal Lake	0.92%	1.09%	1.25%	1.39%	1.58%
Fertile	N/A	N/A	N/A	N/A	N/A
Forest City	0.91%	1.01%	1.14%	1.74%	1.83%
Garner	1.01%	1.21%	1.44%	1.50%	1.54%
Goodell	0.87%	1.00%	1.19%	1.66%	1.72%
Kanawha	0.92%	1.06%	1.42%	1.64%	1.74%
Klemme	0.88%	0.99%	1.08%	1.20%	1.41%
Meservey	0.84%	0.93%	0.99%	1.05%	1.13%
Titonka	N/A	N/A	N/A	N/A	N/A
Ventura	0.85%	1.00%	1.05%	1.11%	1.29%
Wesley	0.83%	0.92%	0.97%	1.07%	1.21%
Woden	0.92%	1.04%	1.17%	1.43%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Hancock County, Iowa

When examining property taxes in Hancock County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hancock County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hancock County. For example, the median tax bill in Hancock County is $1,821, with tax bills ranging significantly across the county. Ventura has the highest median home price at $221,055.

Property Tax Assessment Values Across Hancock County, Iowa

Source: Ownwell

$54,660

$137,858

$221,055

Median Hancock County Market Value

$129,985

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hancock County, Iowa

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Belmond	N/A	N/A	N/A	N/A	N/A
Britt	$40,984	$71,312	$115,220	$180,472	$270,021
Corwith	$14,780	$29,800	$54,660	$99,660	$223,260
Crystal Lake	$15,875	$34,278	$66,280	$90,520	$121,908
Fertile	N/A	N/A	N/A	N/A	N/A
Forest City	$2,696	$91,890	$199,240	$295,510	$381,899
Garner	$71,366	$120,300	$179,170	$254,320	$343,876
Goodell	$13,272	$29,405	$71,700	$154,260	$236,546
Kanawha	$25,955	$54,052	$88,095	$139,170	$224,145
Klemme	$18,264	$42,700	$84,575	$131,408	$208,828
Meservey	$66,033	$110,192	$155,660	$200,090	$251,073
Titonka	N/A	N/A	N/A	N/A	N/A
Ventura	$135,460	$160,302	$221,055	$272,812	$360,835
Wesley	$75,710	$117,220	$182,270	$279,825	$367,780
Woden	$20,530	$34,300	$58,030	$122,715	$268,070

Source: Ownwell

Property Tax Bills Across Hancock County, Iowa

In Hancock County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the county's property tax rate to determine the annual tax bill. Homeowners in Hancock County typically face a median property tax bill of $1,326, which is below the national median of $2,400. However, tax bills can vary significantly within the county. For instance, residents in Garner experience the highest median tax bill at $2,350, while those in Woden enjoy the lowest at $707. The factors influencing these variations include differences in assessed property values and local tax rates. For homeowners, this means that the amount they owe in property taxes can fluctuate based on changes in their property's assessed value and any adjustments to local tax rates. Understanding these factors is crucial for homeowners as it directly impacts their annual expenses and budgeting.

Property Tax Bills Across Hancock County, Iowa

Source: Ownwell

$707

$1,529

$2,350

Median Hancock County Tax Bill

$1,680

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Hancock County, Iowa

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Belmond	N/A	N/A	N/A	N/A	N/A
Britt	$597	$1,026	$1,692	$2,491	$3,682
Corwith	$190	$370	$772	$1,408	$2,189
Crystal Lake	$130	$441	$800	$1,161	$1,476
Fertile	N/A	N/A	N/A	N/A	N/A
Forest City	$49	$816	$2,126	$3,482	$5,153
Garner	$886	$1,574	$2,350	$3,424	$4,658
Goodell	$175	$458	$950	$1,604	$2,639
Kanawha	$359	$763	$1,179	$1,831	$2,614
Klemme	$234	$490	$886	$1,374	$2,335
Meservey	$580	$990	$1,486	$2,098	$2,699
Titonka	N/A	N/A	N/A	N/A	N/A
Ventura	$1,270	$1,694	$2,326	$2,872	$3,868
Wesley	$668	$1,168	$1,834	$2,682	$3,784
Woden	$243	$408	$707	$1,314	$2,765

Source: Ownwell