Cedar Rapids, Johnson County, Iowa Property Taxes

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

Median Cedar Rapids, IA effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Cedar Rapids, IA home value: $268,050
Median annual Cedar Rapids, IA tax bill: $3,590, $1,190 higher than the national median property tax bill of $2,400.

How are property taxes in Johnson County calculated?

Property taxes in Cedar Rapids, IA 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 Cedar Rapids’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cedar Rapids, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cedar Rapids, Johnson 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

$3,726

$3,458

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

Property Tax Rates Across Cedar Rapids, Johnson County, Iowa

Local government entities set property tax rates, which can vary significantly within Iowa. Each county annually estimates the budget needed to provide essential 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 these rates and budgets, this is the annual process in a nutshell.

Cedar Rapids, located in Johnson County, showcases an effective property tax rate that aligns closely with the highest and lowest median rates within the area, both sitting at 1.39%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Cedar Rapids to other cities in Iowa, the property tax rate remains consistent, reflecting the county’s approach to funding local services. The median property tax bill in Cedar Rapids also surpasses the national median of $2,400, indicating a more substantial financial commitment from homeowners to support community infrastructure and services. Understanding these rates helps property owners in Cedar Rapids make informed decisions about their investments and financial planning.

Property Tax Rates Across Cedar Rapids, Johnson County, Iowa

Source: Ownwell

1.10%

1.49%

1.88%

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 Cedar Rapids Tax Rate

1.39%

Median Effective Johnson County Tax Rate

1.71%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Rapids, Johnson County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52404	1.24%	1.29%	1.39%	1.51%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Cedar Rapids, Johnson County, Iowa

When examining property taxes in Cedar Rapids, IA, 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 Johnson County appraisal district 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 Johnson 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 Cedar Rapids. For example, the median home price in Cedar Rapids is $268,050, with tax bills ranging significantly across the county. 52404 has the highest median home price at $268,050.

Property Tax Assessment Values Across Cedar Rapids, Johnson County, Iowa

Source: Ownwell

$170,805

$254,753

$338,700

Median Cedar Rapids Market Value

$268,050

Median Johnson County Market Value

$229,790

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Rapids, Johnson County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52404	$125,490	$161,450	$268,050	$405,100	$562,800

Source: Ownwell

Property Tax Bills Across Cedar Rapids, Johnson County, Iowa

In Cedar Rapids, located in Johnson County, IA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which local assessors determine based on comparable sales and property characteristics. In this region, the property tax bill can range significantly, with the 25th percentile at $2,375 and the 75th percentile at $5,295. This variance highlights the impact of factors such as location and property size on tax bills. Homeowners in Cedar Rapids face a median tax bill of $3,590, which is above the national median of $2,400, reflecting the region's higher property values and tax rates. For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing property data and market trends, Ownwell identifies opportunities for assessment reductions, potentially saving homeowners substantial amounts on their annual tax bills.

Property Tax Bills Across Cedar Rapids, Johnson County, Iowa

Source: Ownwell

$2,285

$3,645

$5,004

Median Cedar Rapids Tax Bill

$3,590

Median Johnson County Tax Bill

$3,786

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Rapids, Johnson County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52404	$2,040	$2,375	$3,590	$5,295	$7,290

Source: Ownwell