Keokuk County, Iowa Property Taxes
The median property tax rate in Keokuk County is 1.25%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $102,671, the typical annual property tax bill in Keokuk County is approximately $1,284, which is below the national median of $2,690. Property taxes in Keokuk County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Keokuk County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Sigourney or another part of Keokuk County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keokuk County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,283
$1,191
Ownwell’s Keokuk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Keokuk with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Keokuk 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 Keokuk County, Iowa
Property taxes in Keokuk County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Keokuk County is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Keokuk County set these rates annually, and they can vary significantly between different areas within the county. Each year, Keokuk 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. For comparison, the city of Martinsburg has one of the higher property tax rates in Iowa at 1.48%, while the city of Rose Hill boasts one of the lowest at 0.94%. Analyzing how Keokuk County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Keokuk County Tax Rate
1.25%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keokuk County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Delta | 0.85% | 1.01% | 1.22% | 1.47% | 1.69% |
| Fremont | 0.94% | 0.98% | 1.07% | 1.34% | 1.37% |
| Gibson | 0.85% | 0.94% | 1.03% | 1.16% | 1.33% |
| Harper | 0.94% | 1.02% | 1.14% | 1.23% | 1.35% |
| Hayesville | 1.13% | 1.28% | 1.47% | 1.57% | 1.65% |
| Hedrick | 0.97% | 1.11% | 1.24% | 1.41% | 1.57% |
| Keota | 0.99% | 1.20% | 1.35% | 1.50% | 1.68% |
| Keswick | 0.91% | 1.01% | 1.14% | 1.26% | 1.53% |
| Kinross | 0.94% | 1.03% | 1.18% | 1.37% | 1.54% |
| Martinsburg | 1.01% | 1.23% | 1.48% | 1.70% | 4.03% |
| North English | 1.02% | 1.12% | 1.18% | 1.35% | 1.61% |
| Ollie | 0.97% | 1.08% | 1.28% | 1.53% | 1.73% |
| Ottumwa | N/A | N/A | N/A | N/A | N/A |
| Packwood | N/A | N/A | N/A | N/A | N/A |
| Richland | 1.03% | 1.19% | 1.44% | 1.60% | 1.76% |
| Rose Hill | N/A | N/A | N/A | N/A | N/A |
| Sigourney | 0.98% | 1.13% | 1.32% | 1.50% | 1.65% |
| South English | 0.88% | 1.00% | 1.11% | 1.25% | 1.52% |
| Thornburg | 1.10% | 1.18% | 1.33% | 1.42% | 1.62% |
| Webster | 0.92% | 1.02% | 1.16% | 1.28% | 1.48% |
| Wellman | N/A | N/A | N/A | N/A | N/A |
| What Cheer | 0.80% | 0.99% | 1.17% | 1.42% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Keokuk County, Iowa
In Keokuk 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 Keokuk 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 Keokuk 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. Being aware of these valuation processes in Keokuk County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Wellman has the highest median tax bill at $4,962, while Hayesville has the lowest at $508.
Average Keokuk County Assessed Value
$102,671
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keokuk County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Delta | $12,089 | $28,940 | $59,935 | $134,514 | $224,307 |
| Fremont | $91,640 | $110,063 | $161,710 | $251,366 | $262,106 |
| Gibson | $29,480 | $56,030 | $109,330 | $175,420 | $226,302 |
| Harper | $44,596 | $81,139 | $138,556 | $229,540 | $342,628 |
| Hayesville | $3,566 | $19,420 | $37,920 | $53,125 | $78,538 |
| Hedrick | $21,620 | $53,620 | $89,460 | $149,260 | $238,183 |
| Keota | $44,422 | $80,630 | $127,280 | $186,460 | $260,625 |
| Keswick | $23,986 | $56,330 | $95,240 | $162,054 | $247,871 |
| Kinross | $3,510 | $35,720 | $65,670 | $95,760 | $152,763 |
| Martinsburg | $2,230 | $15,005 | $33,460 | $53,155 | $78,750 |
| North English | $31,068 | $97,008 | $133,454 | $211,329 | $332,210 |
| Ollie | $16,564 | $45,850 | $101,181 | $197,980 | $277,859 |
| Ottumwa | N/A | N/A | N/A | N/A | N/A |
| Packwood | N/A | N/A | N/A | N/A | N/A |
| Richland | $34,286 | $64,535 | $106,920 | $154,725 | $225,091 |
| Rose Hill | N/A | N/A | N/A | N/A | N/A |
| Sigourney | $52,922 | $80,973 | $118,430 | $181,429 | $276,410 |
| South English | $29,002 | $64,000 | $107,930 | $185,566 | $298,322 |
| Thornburg | $2,826 | $22,915 | $50,990 | $88,045 | $115,328 |
| Webster | $22,974 | $71,740 | $126,090 | $194,474 | $300,126 |
| Wellman | N/A | N/A | N/A | N/A | N/A |
| What Cheer | $7,540 | $23,690 | $52,180 | $107,490 | $186,495 |
Source: Ownwell
Property Tax Bills Across Keokuk County, Iowa
In Keokuk County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made. Homeowners in Keokuk County experience a range of property tax bills. For instance, those in the 25th percentile pay around $698 annually, while those in the 75th percentile face bills of approximately $2,082. The highest tax bills can reach up to $3,148 for the 90th percentile. The city of Wellman has the highest median tax bill at $4,962, while Hayesville has the lowest at $508. These tax bills impact homeowners by contributing to their overall housing costs. Compared to the national median property tax rate of 0.99%, Keokuk County's tax rates can result in significant financial obligations for property owners, depending on their property's assessed value.
Average Keokuk County Tax Bill
$1,284
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Keokuk County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Delta | $152 | $377 | $838 | $1,583 | $2,604 |
| Fremont | $874 | $1,168 | $1,794 | $2,522 | $3,036 |
| Gibson | $319 | $548 | $1,036 | $1,963 | $2,509 |
| Harper | $435 | $936 | $1,574 | $2,650 | $4,004 |
| Hayesville | $54 | $314 | $508 | $726 | $1,112 |
| Hedrick | $279 | $623 | $1,087 | $1,804 | $2,933 |
| Keota | $593 | $1,028 | $1,640 | $2,420 | $3,441 |
| Keswick | $348 | $632 | $1,048 | $1,883 | $3,034 |
| Kinross | $58 | $430 | $764 | $1,140 | $1,646 |
| Martinsburg | $56 | $225 | $574 | $946 | $1,286 |
| North English | $560 | $1,052 | $1,628 | $2,548 | $3,709 |
| Ollie | $257 | $622 | $1,254 | $2,306 | $3,283 |
| Ottumwa | N/A | N/A | N/A | N/A | N/A |
| Packwood | N/A | N/A | N/A | N/A | N/A |
| Richland | $473 | $846 | $1,460 | $2,226 | $3,177 |
| Rose Hill | N/A | N/A | N/A | N/A | N/A |
| Sigourney | $667 | $1,038 | $1,554 | $2,284 | $3,396 |
| South English | $336 | $710 | $1,144 | $2,084 | $3,247 |
| Thornburg | $37 | $232 | $598 | $1,028 | $1,468 |
| Webster | $280 | $806 | $1,427 | $2,272 | $3,573 |
| Wellman | N/A | N/A | N/A | N/A | N/A |
| What Cheer | $112 | $280 | $610 | $1,240 | $2,054 |
Source: Ownwell