Monticello, Jones County, Iowa Property Taxes

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

Median Monticello, IA effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Monticello, IA home value: $167,900
Median annual Monticello, IA tax bill: $2,496, $96 higher than the national median property tax bill of $2,400.

How are property taxes in Jones County calculated?

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

Last Updated March 1, 2025

Monticello, Jones County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.61%

Estimate Property Tax Bill

$2,703

$2,508

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

Property Tax Rates Across Monticello, Jones County, Iowa

Local government entities in Monticello, Jones County, IA, set tax rates that can differ significantly from other areas. Annually, each county determines its necessary budget for public services and divides this by the total value of all taxable properties in its jurisdiction. This calculation establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process. Monticello's effective property tax rate is a notable figure when compared to other cities in Iowa and the national median. The median property tax rate in Iowa stands at 1.61%, higher than the national median of 1.02%. Consequently, homeowners in Monticello may find themselves paying more than the national average property tax bill of $2,400. Understanding these differences can help property owners in Monticello make informed decisions about their property taxes.

Property Tax Rates Across Monticello, Jones County, Iowa

Source: Ownwell

0.94%

1.31%

1.69%

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 Monticello Tax Rate

1.61%

Median Effective Jones County Tax Rate

1.38%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monticello, Jones County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52310	1.08%	1.14%	1.61%	1.72%	1.80%

Source: Ownwell

Property Tax Assessment Values Across Monticello, Jones County, Iowa

When examining property taxes in Monticello, 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 Jones 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. In Jones County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Monticello. For example, the median home price in Monticello is $167,900, with tax bills ranging significantly across the county. 52310 has the highest median home price at $167,900.

Property Tax Assessment Values Across Monticello, Jones County, Iowa

Source: Ownwell

$43,030

$140,770

$238,510

Median Monticello Market Value

$167,900

Median Jones County Market Value

$156,350

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monticello, Jones County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52310	$63,370	$111,025	$167,900	$251,865	$350,050

Source: Ownwell

Property Tax Bills Across Monticello, Jones County, Iowa

In Monticello, located in Jones County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Monticello is $167,900, and the property tax bills can vary significantly. For instance, tax bills at the 25th percentile are around $1,696, while those at the 75th percentile can reach $3,444. At the 90th percentile, homeowners might face tax bills as high as $4,651. These figures indicate that the property tax burden in Monticello can be substantial, with some homeowners paying more than the national median property tax bill of $2,400. Factors such as the home's assessed value, local tax rates, and any applicable exemptions play a crucial role in determining the final tax bill. Homeowners in Monticello can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially reducing their tax burden by ensuring they are not over-assessed and are taking advantage of all available exemptions.

Property Tax Bills Across Monticello, Jones County, Iowa

Source: Ownwell

$529

$1,638

$2,746

Median Monticello Tax Bill

$2,496

Median Jones County Tax Bill

$2,222

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Monticello, Jones County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52310	$964	$1,696	$2,496	$3,444	$4,651

Source: Ownwell