North Liberty, Johnson County, Iowa Property Taxes
Median North Liberty, IA effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median North Liberty, IA home value: $251,250. Median annual North Liberty, IA tax bill: $3,886, $1,486 higher than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in North Liberty, 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 North Liberty’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Liberty, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Liberty, Johnson County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.59%
Estimate Property Tax Bill
$3,995
$3,707
Property Tax Rates Across North Liberty, Johnson County, Iowa
Local government entities determine tax rates, which can vary significantly within Iowa. Each year, Johnson County 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 influence the setting of tax rates and budgets, this is essentially the annual process.
In North Liberty, located in Johnson County, the effective property tax rate is 1.59%. This rate aligns with the highest and lowest median tax rates within the area, highlighting a uniformity in property tax rates across the region. Comparing this to the national median property tax rate of 1.02%, North Liberty's rate is notably higher. This difference can result in a higher property tax bill compared to the national median of $2,400.
Understanding these variations is crucial for property owners in North Liberty, as it impacts their annual financial planning. By being informed, property owners can better navigate the complexities of property taxation and explore potential avenues for appealing their assessments or seeking exemptions.
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 North Liberty Tax Rate
1.59%
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 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 North Liberty, Johnson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52317 | 1.32% | 1.49% | 1.59% | 1.68% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across North Liberty, Johnson County, Iowa
When examining property taxes in North Liberty, 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.
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 North Liberty. For example, the median home price in North Liberty is $251,250, with tax bills ranging significantly across the county. Zip code 52317 has the highest median home price at $251,250.
Property Tax Assessment Values Across North Liberty, Johnson County, Iowa
Source: Ownwell
$170,805
$254,753
$338,700
Median North Liberty Market Value
$251,250
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 North Liberty, Johnson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52317 | $119,300 | $161,400 | $251,250 | $373,725 | $483,710 |
Source: Ownwell
Property Tax Bills Across North Liberty, Johnson County, Iowa
Median North Liberty Tax Bill
$3,886
Median Johnson County Tax Bill
$3,786
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across North Liberty, Johnson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52317 | $1,944 | $2,618 | $3,886 | $5,790 | $7,706 |
Source: Ownwell