Henry County, Iowa Property Taxes

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

Median Henry County effective property tax rate: 1.59%, significantly higher than the national median of 1.02%.
Median Henry County home value: $136,180
Median annual Henry County tax bill: $2,175, $225 lower than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

Property taxes in Henry 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 Mount Pleasant or another part of Henry County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Henry County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$2,165

$2,009

Ownwell’s Henry County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Henry County with just two data points. By entering your property's estimated assessed value, our calculator applies Henry 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 Henry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Henry County, Iowa

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that 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 tax rates and budgets, this is the annual process in a nutshell.

Henry County's effective property tax rate offers an interesting point of comparison. With a median tax rate of 1.59%, it exceeds the national median property tax rate of 1.02%. Within Iowa, Henry County's rate is neither the highest nor the lowest. Nearby New London holds the highest median tax rate in the county at 1.84%, while Lowell boasts the lowest at 1.30%.

This spectrum of rates underscores the variability in property tax burdens across different areas, influenced by local budgetary needs and property values. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Henry County, Iowa

Source: Ownwell

1.30%

1.57%

1.84%

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 Henry County Tax Rate

1.59%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Henry County, Iowa

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Danville	1.18%	1.32%	1.40%	1.47%	1.61%
Hillsboro	1.06%	1.27%	1.41%	1.61%	1.75%
Lockridge	1.10%	1.26%	1.39%	1.48%	1.52%
Lowell	0.88%	1.06%	1.30%	1.39%	1.49%
Mount Pleasant	1.29%	1.41%	1.66%	1.75%	1.85%
Mount Union	1.31%	1.38%	1.49%	2.08%	2.91%
New London	1.35%	1.48%	1.84%	1.96%	2.06%
Olds	1.22%	1.34%	1.40%	1.51%	1.56%
Salem	1.21%	1.33%	1.44%	1.60%	1.75%
Swedesburg	1.30%	1.34%	1.41%	1.50%	1.65%
Wayland	1.25%	1.35%	1.41%	1.51%	1.62%
West Point	1.21%	1.29%	1.40%	1.50%	1.57%
Winfield	1.24%	1.36%	1.46%	1.58%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Henry County, Iowa

When examining property taxes in Henry 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 Henry County Assessor's Office 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.

In Henry 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 Henry County.

For example, the median tax bill in Henry County is $2,798, with tax bills ranging significantly across the county. Danville has the highest median home price at $205,510.

Property Tax Assessment Values Across Henry County, Iowa

Source: Ownwell

$40,945

$123,228

$205,510

Median Henry County Market Value

$136,180

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Henry County, Iowa

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Danville	$64,114	$129,780	$205,510	$290,630	$388,128
Hillsboro	$5,379	$16,672	$40,945	$78,072	$171,140
Lockridge	$111,367	$139,818	$183,165	$209,482	$294,627
Lowell	$30,215	$35,320	$74,010	$101,880	$130,625
Mount Pleasant	$60,930	$100,640	$148,280	$211,690	$305,512
Mount Union	$21,954	$61,285	$114,830	$185,345	$280,790
New London	$45,054	$82,098	$126,570	$192,350	$276,991
Olds	$14,869	$59,668	$104,625	$137,842	$168,298
Salem	$30,092	$60,600	$109,550	$180,390	$295,496
Swedesburg	$19,987	$78,298	$120,820	$159,445	$233,787
Wayland	$58,042	$90,010	$128,100	$194,140	$265,664
West Point	$60,646	$136,278	$162,955	$230,432	$254,860
Winfield	$37,126	$70,780	$115,460	$169,380	$236,612

Source: Ownwell

Property Tax Bills Across Henry County, Iowa

In Henry County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county is $136,180. Homeowners in this area experience a range of tax bills, with the 25th percentile paying around $1,378, and those in the 75th percentile facing bills of approximately $3,148. A small percentage, at the 90th percentile, may see tax bills as high as $4,441. When compared to the national median property tax bill of $2,400, Henry County's tax payments can be both lower and higher depending on the specific property value and location within the county. The highest median tax bill in the county is found in Danville at $2,798, while Hillsboro boasts the lowest median tax bill at $606. These variations highlight the impact of property location and assessed value on tax obligations, influencing homeowners' financial planning and decisions regarding homeownership in the area.

Property Tax Bills Across Henry County, Iowa

Source: Ownwell

$606

$1,702

$2,798

Median Henry County Tax Bill

$2,175

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Henry County, Iowa

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Crawfordsville	N/A	N/A	N/A	N/A	N/A
Danville	$953	$1,659	$2,798	$4,150	$5,668
Hillsboro	$76	$261	$606	$1,071	$2,142
Lockridge	$1,469	$1,904	$2,446	$2,664	$4,006
Lowell	$284	$370	$957	$1,269	$1,793
Mount Pleasant	$970	$1,603	$2,391	$3,360	$4,652
Mount Union	$612	$1,380	$2,020	$2,695	$3,932
New London	$746	$1,457	$2,188	$3,175	$4,444
Olds	$263	$792	$1,410	$2,000	$2,426
Salem	$414	$821	$1,584	$2,618	$4,014
Swedesburg	$285	$1,041	$1,665	$2,165	$3,446
Wayland	$692	$1,208	$1,797	$2,762	$3,840
West Point	$692	$1,877	$2,248	$3,155	$3,664
Winfield	$468	$1,016	$1,660	$2,378	$3,474

Source: Ownwell