Kossuth County, Iowa Property Taxes
The median property tax rate in Kossuth County is 1.63%, which is significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Kossuth County at $85,990, the typical annual property tax bill reaches $1,460, which is below the national median of $2,690. Property taxes in Kossuth County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Kossuth 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 Algona or another part of Kossuth County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kossuth County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,402
$1,301
Ownwell’s Kossuth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kossuth County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kossuth 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 Kossuth County, Iowa
Property taxes in Kossuth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kossuth County is 1.63%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Kossuth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kossuth 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 Woden has one of the higher property tax rates in Iowa at 2.86%, while the city of Livermore boasts one of the lowest at 1.05%. Analyzing how Kossuth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kossuth County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kossuth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | 1.02% | 1.39% | 1.67% | 1.79% | 1.98% |
| Armstrong | 0.74% | 0.84% | 2.16% | 3.59% | 8.63% |
| Bancroft | 1.16% | 1.47% | 1.59% | 1.74% | 2.62% |
| Bode | 0.88% | 0.94% | 1.11% | 3.06% | 7.99% |
| Buffalo Center | 0.68% | 0.77% | 1.69% | 2.70% | 5.17% |
| Burt | 0.87% | 1.08% | 1.37% | 1.67% | 3.12% |
| Corwith | N/A | N/A | N/A | N/A | N/A |
| Fenton | 0.82% | 1.34% | 1.77% | 2.12% | 2.84% |
| Lakota | 0.75% | 1.02% | 1.41% | 1.77% | 3.59% |
| Ledyard | 0.65% | 0.74% | 1.07% | 1.83% | 3.31% |
| Livermore | 0.96% | 0.99% | 1.05% | 2.30% | 5.30% |
| Lone Rock | 0.81% | 1.01% | 1.33% | 1.80% | 3.15% |
| Lu Verne | 0.77% | 0.96% | 1.24% | 1.96% | 4.81% |
| Ottosen | 0.98% | 1.83% | 2.76% | 3.83% | 8.07% |
| Ringsted | N/A | N/A | N/A | N/A | N/A |
| Swea City | 0.83% | 1.36% | 1.68% | 1.95% | 3.13% |
| Titonka | 0.89% | 1.61% | 1.93% | 2.25% | 4.01% |
| Wesley | 0.96% | 1.26% | 1.40% | 1.77% | 4.01% |
| West Bend | 0.91% | 1.02% | 1.90% | 4.37% | 10.03% |
| Whittemore | 0.87% | 1.31% | 1.58% | 1.74% | 3.17% |
| Woden | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Kossuth County, Iowa
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Kossuth. 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 Kossuth 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 Kossuth 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. Livermore has the highest median tax bill at $2,492, while Ledyard has the lowest at $512. Being aware of these valuation processes in Kossuth will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Kossuth County Assessed Value
$85,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kossuth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | $40,004 | $75,142 | $127,627 | $210,914 | $338,490 |
| Armstrong | $14,412 | $25,412 | $84,017 | $143,015 | $185,258 |
| Bancroft | $25,681 | $49,143 | $85,643 | $132,504 | $186,446 |
| Bode | $21,713 | $54,499 | $100,310 | $158,702 | $202,622 |
| Buffalo Center | $20,041 | $57,158 | $85,976 | $138,368 | $201,372 |
| Burt | $13,623 | $32,768 | $62,484 | $93,806 | $166,630 |
| Corwith | N/A | N/A | N/A | N/A | N/A |
| Fenton | $8,997 | $20,727 | $40,670 | $73,845 | $123,664 |
| Lakota | $11,553 | $25,670 | $49,335 | $87,886 | $131,567 |
| Ledyard | $8,636 | $22,176 | $38,970 | $85,028 | $147,513 |
| Livermore | $4,996 | $76,612 | $176,171 | $462,365 | $573,690 |
| Lone Rock | $15,110 | $35,556 | $65,130 | $95,935 | $170,132 |
| Lu Verne | $6,574 | $21,009 | $50,181 | $91,330 | $176,408 |
| Ottosen | $20,939 | $44,619 | $88,534 | $123,499 | $201,057 |
| Ringsted | N/A | N/A | N/A | N/A | N/A |
| Swea City | $11,480 | $24,570 | $46,261 | $73,909 | $116,342 |
| Titonka | $16,397 | $33,329 | $57,041 | $85,369 | $139,028 |
| Wesley | $18,003 | $47,855 | $88,341 | $134,048 | $196,586 |
| West Bend | $14,128 | $37,083 | $85,285 | $174,615 | $231,943 |
| Whittemore | $22,283 | $53,719 | $87,392 | $132,510 | $195,845 |
| Woden | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Kossuth County, Iowa
In Kossuth County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Kossuth County is $85,990, with property tax bills varying significantly across different homes. For instance, tax bills at the 25th percentile are around $802, while those at the 75th percentile reach $2,426, and at the 90th percentile, they can go up to $3,633. The city of Livermore has the highest median tax bill at $2,492, whereas Ledyard has the lowest at $512. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Kossuth County's property taxes can be relatively high for certain homes, affecting overall affordability and the cost of homeownership in the region.
Average Kossuth County Tax Bill
$1,460
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kossuth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | $728 | $1,236 | $2,102 | $3,156 | $4,812 |
| Armstrong | $675 | $992 | $1,510 | $2,002 | $2,923 |
| Bancroft | $482 | $872 | $1,413 | $2,104 | $3,031 |
| Bode | $700 | $1,184 | $1,502 | $2,358 | $3,290 |
| Buffalo Center | $435 | $841 | $1,334 | $2,204 | $2,713 |
| Burt | $250 | $482 | $957 | $1,577 | $2,520 |
| Corwith | N/A | N/A | N/A | N/A | N/A |
| Fenton | $154 | $400 | $802 | $1,260 | $1,682 |
| Lakota | $134 | $380 | $711 | $1,316 | $1,939 |
| Ledyard | $80 | $206 | $512 | $1,264 | $1,982 |
| Livermore | $820 | $1,454 | $2,492 | $4,797 | $5,824 |
| Lone Rock | $214 | $480 | $966 | $1,576 | $2,604 |
| Lu Verne | $84 | $302 | $888 | $1,755 | $2,788 |
| Ottosen | $669 | $1,300 | $2,418 | $2,966 | $4,177 |
| Ringsted | N/A | N/A | N/A | N/A | N/A |
| Swea City | $202 | $438 | $810 | $1,216 | $1,854 |
| Titonka | $466 | $736 | $1,162 | $1,686 | $2,332 |
| Wesley | $364 | $814 | $1,468 | $2,174 | $3,028 |
| West Bend | $775 | $1,329 | $1,939 | $2,823 | $3,985 |
| Whittemore | $476 | $898 | $1,428 | $2,192 | $3,038 |
| Woden | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell