Iowa County, Iowa Property Taxes
The median property tax rate in Iowa County is 1.36%, 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 Iowa County at $157,090, the typical annual property tax bill amounts to $2,134, which is below the national median of $2,690. Property taxes in Iowa County are calculated based on the assessed value, which is often less than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Iowa County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Marengo or another part of Iowa County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Iowa County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,136
$1,983
Ownwell’s Iowa County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Iowa County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Iowa 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 Iowa County, Iowa
Property taxes in Iowa County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Iowa County is 1.36%, which is higher than the U.S. national median of 0.99%. Local government entities within Iowa County set these rates annually, and they can vary significantly between different areas within the county. Each year, Iowa 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 Iowa County's effective property tax rate with other areas in Iowa and the national median. For comparison, the city of Marengo has one of the higher property tax rates in Iowa at 1.65%, while the city of Norway boasts one of the lowest at 0.97%. Analyzing how Iowa County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Iowa County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Iowa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amana | 0.97% | 1.09% | 1.35% | 1.41% | 1.48% |
| Belle Plaine | 1.09% | 1.16% | 1.21% | 1.32% | 1.51% |
| Blairstown | 0.97% | 1.16% | 1.23% | 1.31% | 1.57% |
| Conroy | 1.10% | 1.14% | 1.16% | 1.21% | 1.26% |
| Deep River | 0.95% | 1.02% | 1.15% | 1.32% | 1.57% |
| Guernsey | 1.16% | 1.20% | 1.36% | 1.44% | 1.75% |
| Hartwick | 1.17% | 1.18% | 1.21% | 1.34% | 1.40% |
| Homestead | 1.14% | 1.22% | 1.30% | 1.38% | 1.54% |
| Keswick | N/A | N/A | N/A | N/A | N/A |
| Koszta | N/A | N/A | N/A | N/A | N/A |
| Ladora | 1.11% | 1.19% | 1.43% | 1.66% | 1.79% |
| Luzerne | N/A | N/A | N/A | N/A | N/A |
| Marengo | 1.14% | 1.22% | 1.65% | 1.82% | 1.93% |
| Middle Amana | 1.30% | 1.33% | 1.36% | 1.41% | 1.59% |
| Millersburg | 1.05% | 1.15% | 1.35% | 1.55% | 1.58% |
| North English | 1.02% | 1.08% | 1.16% | 1.26% | 1.36% |
| Norway | 0.92% | 0.94% | 0.97% | 1.05% | 1.22% |
| Oxford | 1.22% | 1.26% | 1.28% | 1.34% | 1.36% |
| Parnell | 1.10% | 1.16% | 1.30% | 1.63% | 1.88% |
| South Amana | 1.13% | 1.20% | 1.31% | 1.39% | 1.60% |
| South English | N/A | N/A | N/A | N/A | N/A |
| Victor | 1.15% | 1.28% | 1.40% | 1.49% | 1.60% |
| Webster | N/A | N/A | N/A | N/A | N/A |
| Wellman | 1.10% | 1.13% | 1.18% | 1.34% | 1.70% |
| West Amana | N/A | N/A | N/A | N/A | N/A |
| Williamsburg | 1.13% | 1.22% | 1.44% | 1.53% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Iowa County, Iowa
In Iowa 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 Iowa 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 Iowa 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, Oxford has the highest median tax bill at $3,360, while West Amana has the lowest at $194. Being aware of these valuation processes in Iowa County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Iowa County Assessed Value
$157,090
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Iowa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amana | $24,186 | $129,930 | $199,530 | $285,150 | $431,750 |
| Belle Plaine | $37,748 | $98,150 | $170,540 | $261,880 | $326,890 |
| Blairstown | $6,150 | $44,300 | $161,365 | $264,902 | $324,629 |
| Conroy | $43,975 | $113,170 | $158,915 | $204,892 | $261,115 |
| Deep River | $42,506 | $116,750 | $178,520 | $220,690 | $276,614 |
| Guernsey | $46,082 | $91,495 | $165,820 | $191,275 | $251,910 |
| Hartwick | $186,904 | $212,600 | $251,200 | $365,025 | $498,490 |
| Homestead | $31,540 | $111,832 | $198,430 | $294,132 | $415,320 |
| Keswick | N/A | N/A | N/A | N/A | N/A |
| Koszta | N/A | N/A | N/A | N/A | N/A |
| Ladora | $22,238 | $45,220 | $82,490 | $148,885 | $240,286 |
| Luzerne | N/A | N/A | N/A | N/A | N/A |
| Marengo | $29,353 | $77,015 | $129,770 | $193,925 | $274,933 |
| Middle Amana | $6,772 | $128,860 | $186,580 | $240,025 | $303,862 |
| Millersburg | $4,562 | $13,220 | $47,930 | $78,160 | $108,888 |
| North English | $18,100 | $63,815 | $120,300 | $177,052 | $246,760 |
| Norway | $114,802 | $150,140 | $194,520 | $271,315 | $352,147 |
| Oxford | $154,826 | $179,610 | $261,400 | $351,800 | $447,910 |
| Parnell | $11,807 | $45,022 | $141,835 | $275,105 | $381,981 |
| South Amana | $13,387 | $110,045 | $189,870 | $246,810 | $329,869 |
| South English | N/A | N/A | N/A | N/A | N/A |
| Victor | $37,694 | $80,850 | $120,290 | $168,520 | $230,694 |
| Webster | N/A | N/A | N/A | N/A | N/A |
| Wellman | $61,906 | $138,272 | $220,225 | $299,530 | $423,339 |
| West Amana | N/A | N/A | N/A | N/A | N/A |
| Williamsburg | $57,844 | $136,360 | $201,990 | $285,265 | $380,494 |
Source: Ownwell
Property Tax Bills Across Iowa County, Iowa
In Iowa County, IA, property tax bills are determined by assessing the market value of a home and applying the county's specific tax rate. The assessed value is multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $157,090, homeowners in Iowa County can expect varying tax bills depending on their property's assessed value and applicable exemptions. Tax bills in the county range widely, with the 25th percentile at $1,217 and the 75th percentile at $3,184. At the higher end, the 90th percentile tax bill reaches $4,382. Comparatively, the highest median tax bill in the county is found in Oxford at $3,360, while West Amana has the lowest median tax bill at just $194. These variations significantly impact homeowners, influencing their financial planning and long-term investment decisions. Given that the national median property tax rate is 0.99%, understanding these local nuances is crucial for Iowa County residents.
Average Iowa County Tax Bill
$2,134
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Iowa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amana | $354 | $1,654 | $2,475 | $3,509 | $4,931 |
| Belle Plaine | $528 | $1,378 | $2,150 | $3,260 | $3,844 |
| Blairstown | $84 | $594 | $1,631 | $3,122 | $4,017 |
| Conroy | $532 | $1,306 | $1,816 | $2,390 | $3,030 |
| Deep River | $735 | $1,412 | $1,950 | $2,452 | $3,313 |
| Guernsey | $576 | $1,298 | $1,910 | $2,416 | $2,605 |
| Hartwick | $2,196 | $2,790 | $3,354 | $4,366 | $6,030 |
| Homestead | $418 | $1,358 | $2,496 | $3,802 | $5,373 |
| Keswick | N/A | N/A | N/A | N/A | N/A |
| Koszta | N/A | N/A | N/A | N/A | N/A |
| Ladora | $327 | $660 | $1,260 | $2,096 | $2,869 |
| Luzerne | N/A | N/A | N/A | N/A | N/A |
| Marengo | $508 | $1,254 | $2,026 | $2,912 | $3,988 |
| Middle Amana | $109 | $1,792 | $2,510 | $3,213 | $4,106 |
| Millersburg | $62 | $193 | $576 | $1,033 | $1,480 |
| North English | $224 | $736 | $1,388 | $2,106 | $2,878 |
| Norway | $1,256 | $1,422 | $1,873 | $2,722 | $3,631 |
| Oxford | $1,910 | $2,224 | $3,360 | $4,470 | $5,940 |
| Parnell | $214 | $694 | $1,897 | $3,266 | $4,567 |
| South Amana | $197 | $1,456 | $2,369 | $3,144 | $4,030 |
| South English | N/A | N/A | N/A | N/A | N/A |
| Victor | $463 | $1,121 | $1,656 | $2,298 | $3,032 |
| Webster | N/A | N/A | N/A | N/A | N/A |
| Wellman | $1,057 | $1,550 | $2,560 | $3,662 | $4,834 |
| West Amana | N/A | N/A | N/A | N/A | N/A |
| Williamsburg | $605 | $1,921 | $2,900 | $3,899 | $4,991 |
Source: Ownwell