Marion County, Iowa Property Taxes

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

Median Marion County effective property tax rate: 1.40%, significantly higher than the national median of 1.02%.
Median Marion County home value: $185,955
Median annual Marion County tax bill: $2,660, $260 higher than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

Property taxes in Marion County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Knoxville or another part of Marion County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marion County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$2,603

$2,416

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

Property Tax Rates Across Marion County, Iowa

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Marion County's effective property tax rate to other counties in Iowa or the U.S. median property tax rate. Marion County boasts a median property tax rate of 1.40%, which is higher than the national median of 1.02%. Within the county, Knoxville has the highest median tax rate at 1.67%, while Tracy enjoys the lowest at 0.92%. This variation highlights the importance of understanding local tax dynamics, as they can significantly impact property owners' tax bills. With the national median property tax bill at $2400, property owners in Marion County may find themselves paying more, depending on their property's assessed value and location within the county.

Property Tax Rates Across Marion County, Iowa

Source: Ownwell

0.92%

1.29%

1.67%

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 Marion County Tax Rate

1.40%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marion County, Iowa

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bussey	0.91%	1.01%	1.15%	1.36%	1.55%
Chariton	N/A	N/A	N/A	N/A	N/A
Columbia	0.92%	1.12%	1.27%	1.40%	1.55%
Dallas	N/A	N/A	N/A	N/A	N/A
Hamilton	0.81%	0.92%	1.04%	1.18%	1.26%
Harvey	0.96%	1.16%	1.32%	1.51%	1.59%
Knoxville	1.09%	1.28%	1.67%	1.85%	1.95%
Lacona	1.07%	1.16%	1.28%	1.37%	1.47%
Leighton	N/A	N/A	N/A	N/A	N/A
Lovilia	N/A	N/A	N/A	N/A	N/A
Marysville	N/A	N/A	N/A	N/A	N/A
Melcher	1.12%	1.39%	1.53%	1.74%	1.75%
Melcher Dallas	1.13%	1.27%	1.42%	1.56%	1.64%
Monroe	1.08%	1.15%	1.20%	1.29%	1.43%
Otley	1.03%	1.14%	1.21%	1.28%	1.35%
Pella	1.15%	1.25%	1.40%	1.46%	1.49%
Pleasantville	1.04%	1.14%	1.42%	1.62%	1.71%
Prairie City	0.95%	1.08%	1.17%	1.23%	1.45%
Runnells	1.10%	1.16%	1.21%	1.27%	1.33%
Swan	0.98%	1.06%	1.14%	1.21%	1.34%
Tracy	0.72%	0.80%	0.92%	1.03%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Marion County, Iowa

When examining property taxes in Marion County, 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 Marion 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. Assessment notices: In Marion 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 Marion County. For example, the median tax bill in Marion County is $1,486, with tax bills ranging significantly across the county. Pella has the highest median home price at $272,120.

Property Tax Assessment Values Across Marion County, Iowa

Source: Ownwell

$49,925

$161,023

$272,120

Median Marion County Market Value

$185,955

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marion County, Iowa

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bussey	$9,772	$39,780	$75,060	$143,305	$225,954
Chariton	N/A	N/A	N/A	N/A	N/A
Columbia	$13,800	$39,698	$107,250	$168,992	$233,305
Dallas	N/A	N/A	N/A	N/A	N/A
Hamilton	$6,258	$24,395	$72,120	$145,930	$213,602
Harvey	$7,764	$24,540	$73,430	$127,770	$257,458
Knoxville	$35,665	$92,352	$153,470	$228,872	$332,149
Lacona	$51,870	$97,990	$141,195	$215,518	$298,221
Leighton	N/A	N/A	N/A	N/A	N/A
Lovilia	N/A	N/A	N/A	N/A	N/A
Marysville	N/A	N/A	N/A	N/A	N/A
Melcher	$7,000	$11,608	$49,925	$103,802	$153,617
Melcher Dallas	$30,270	$66,442	$105,470	$150,432	$217,420
Monroe	$89,492	$139,388	$201,570	$277,658	$362,179
Otley	$55,106	$152,020	$255,390	$346,650	$470,298
Pella	$116,848	$187,140	$272,120	$394,215	$521,606
Pleasantville	$61,662	$124,660	$187,050	$273,160	$369,430
Prairie City	$59,180	$132,115	$205,085	$356,472	$402,485
Runnells	$57,144	$138,610	$237,490	$288,110	$379,350
Swan	$10,044	$42,570	$142,980	$255,250	$383,826
Tracy	$8,790	$55,288	$96,815	$161,308	$256,005

Source: Ownwell

Property Tax Bills Across Marion County, Iowa

In Marion 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 calculate the tax bill. The median home price in Marion County is $185,955, and the property tax rate is applied to this value to determine the amount owed by homeowners. Various factors influence the assessed value, including the size, location, and condition of the property. The tax bill can vary significantly, as seen in Marion County, where the 25th percentile tax bill is $1,486, while the 75th percentile reaches $3,990, and the 90th percentile is $5,587. Homeowners in Pella face the highest median tax bill at $3,714, whereas those in Melcher benefit from the lowest at $592. Compared to the national median property tax bill of $2,400, Marion County presents a diverse range of tax burdens, impacting homeowners differently based on their property's assessed value and location.

Property Tax Bills Across Marion County, Iowa

Source: Ownwell

$592

$2,153

$3,714

Median Marion County Tax Bill

$2,660

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Marion County, Iowa

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bussey	$130	$452	$906	$1,600	$2,294
Chariton	N/A	N/A	N/A	N/A	N/A
Columbia	$144	$495	$1,422	$2,273	$3,030
Dallas	N/A	N/A	N/A	N/A	N/A
Hamilton	$70	$238	$700	$1,490	$2,280
Harvey	$101	$304	$840	$1,672	$3,210
Knoxville	$500	$1,408	$2,418	$3,530	$4,800
Lacona	$671	$1,104	$1,692	$2,652	$3,805
Leighton	N/A	N/A	N/A	N/A	N/A
Lovilia	N/A	N/A	N/A	N/A	N/A
Marysville	N/A	N/A	N/A	N/A	N/A
Melcher	$122	$182	$592	$1,308	$2,130
Melcher Dallas	$405	$894	$1,484	$2,096	$2,923
Monroe	$851	$1,609	$2,339	$3,162	$3,952
Otley	$756	$1,652	$3,080	$4,234	$5,572
Pella	$1,742	$2,590	$3,714	$5,166	$7,012
Pleasantville	$850	$1,718	$2,680	$3,674	$4,651
Prairie City	$748	$1,783	$2,493	$3,021	$4,480
Runnells	$774	$1,746	$2,772	$3,508	$4,612
Swan	$131	$502	$1,648	$2,841	$3,761
Tracy	$78	$496	$830	$1,476	$2,386

Source: Ownwell