Marshall County Property Taxes
The median property tax rate in Marshall County is 1.58%, 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 Marshall County, the typical annual property tax bill reaches $1,909, which is below the national median of $2,690. Property taxes in Marshall 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 Marshall 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 Marshalltown or another part of Marshall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshall County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,026
Ownwell’s Marshall County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marshall County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marshall 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 Marshall County, Iowa
Property taxes in Marshall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marshall County is 1.58%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Marshall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marshall 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. The following data compares Marshall County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Ferguson has one of the higher property tax rates in Iowa at 2.01%, while the city of Beaman boasts one of the lowest at 0.88%. Analyzing how Marshall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marshall County Tax Rate
1.58%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | 0.94% | 1.13% | 1.49% | 1.68% | 1.91% |
| Baxter | 1.14% | 1.19% | 1.27% | 1.37% | 1.43% |
| Beaman | 0.63% | 0.74% | 0.88% | 1.01% | 1.16% |
| Clemons | 0.71% | 0.90% | 1.07% | 1.28% | 1.55% |
| Collins | 0.88% | 1.17% | 1.20% | 1.37% | 1.47% |
| Conrad | 0.72% | 0.81% | 0.94% | 1.00% | 1.08% |
| Ferguson | 1.35% | 1.68% | 2.01% | 2.33% | 2.53% |
| Garwin | 0.87% | 1.16% | 1.36% | 1.53% | 2.01% |
| Gilman | 0.79% | 0.96% | 1.16% | 1.31% | 1.47% |
| Gladbrook | 0.72% | 0.83% | 1.07% | 1.17% | 1.23% |
| Green Mountain | 0.89% | 1.11% | 1.32% | 1.42% | 1.53% |
| Haverhill | 0.96% | 1.15% | 1.43% | 1.72% | 1.84% |
| Laurel | 0.73% | 0.96% | 1.17% | 1.38% | 1.52% |
| Le Grand | 1.18% | 1.36% | 1.43% | 1.52% | 1.58% |
| Liscomb | 0.85% | 1.03% | 1.30% | 1.51% | 1.74% |
| Marshalltown | 1.08% | 1.40% | 1.68% | 1.89% | 2.05% |
| Melbourne | 0.84% | 0.99% | 1.18% | 1.29% | 1.38% |
| New Providence | 0.77% | 0.90% | 0.97% | 1.09% | 1.17% |
| Rhodes | 0.77% | 0.89% | 1.11% | 1.27% | 1.47% |
| Saint Anthony | 0.77% | 0.95% | 1.29% | 1.64% | 2.18% |
| State Center | 0.88% | 1.03% | 1.22% | 1.36% | 1.46% |
| Union | 0.68% | 0.82% | 0.98% | 1.12% | 1.27% |
| Van Cleve | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Marshall County, Iowa
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Marshall County, IA. 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 Marshall 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 Marshall 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. For instance, the median home price in Marshall County is $128,210, with tax bills ranging from $1,152 at the 25th percentile to $4,222 at the 90th percentile. Notably, Baxter has the highest median tax bill at $2,986, while Van Cleve enjoys the lowest at $204. 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 will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Marshall County Assessed Value
$128,210
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshall County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | $32,262 | $68,900 | $96,895 | $146,798 | $241,652 |
| Baxter | $172,376 | $184,130 | $203,720 | $309,200 | $372,488 |
| Beaman | $118,487 | $148,258 | $187,210 | $284,125 | $339,954 |
| Clemons | $18,002 | $55,800 | $107,370 | $183,025 | $280,798 |
| Collins | $129,530 | $150,560 | $205,550 | $255,220 | $276,646 |
| Conrad | $91,296 | $152,360 | $183,650 | $249,130 | $306,574 |
| Ferguson | $8,700 | $16,920 | $31,865 | $44,238 | $59,335 |
| Garwin | $7,749 | $13,770 | $18,080 | $183,492 | $202,748 |
| Gilman | $39,165 | $75,382 | $118,080 | $177,072 | $244,361 |
| Gladbrook | $137,966 | $148,720 | $166,840 | $242,390 | $283,634 |
| Green Mountain | $21,576 | $48,820 | $64,900 | $78,310 | $110,626 |
| Haverhill | $75,776 | $99,395 | $139,090 | $193,148 | $295,595 |
| Laurel | $51,974 | $75,980 | $113,950 | $199,780 | $252,462 |
| Le Grand | $81,530 | $109,710 | $130,590 | $163,730 | $220,550 |
| Liscomb | $15,741 | $43,275 | $73,820 | $159,855 | $227,308 |
| Marshalltown | $51,674 | $79,148 | $125,120 | $187,540 | $262,359 |
| Melbourne | $72,210 | $101,250 | $153,220 | $203,340 | $266,040 |
| New Providence | $110,087 | $166,838 | $221,280 | $302,918 | $426,396 |
| Rhodes | $54,338 | $88,920 | $141,850 | $281,820 | $400,962 |
| Saint Anthony | $4,815 | $12,368 | $55,015 | $167,992 | $241,368 |
| State Center | $77,296 | $122,682 | $179,425 | $264,818 | $372,381 |
| Union | $29,106 | $101,552 | $138,995 | $240,802 | $343,300 |
| Van Cleve | $10,640 | $10,640 | $10,640 | $10,640 | $10,640 |
Source: Ownwell
Property Tax Bills Across Marshall County, Iowa
In Marshall County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Marshall County, the median home price stands at $128,210. Property tax bills vary significantly across the county, with the 25th percentile tax bill at $1,152 and the 75th percentile reaching $2,872. At the 90th percentile, homeowners might see tax bills as high as $4,222. The city of Baxter has the highest median tax bill at $2,986, while Van Cleve has the lowest at $204. With the national median property tax rate at 0.99%, Marshall County's tax rates can have a substantial impact on homeowners' annual expenses, depending on their property's assessed value and location within the county.
Average Marshall County Tax Bill
$1,909
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albion | $420 | $948 | $1,458 | $2,012 | $3,021 |
| Baxter | $2,047 | $2,399 | $2,986 | $4,127 | $4,812 |
| Beaman | $765 | $1,128 | $1,702 | $2,984 | $3,750 |
| Clemons | $198 | $450 | $1,153 | $1,857 | $3,035 |
| Collins | $1,328 | $1,350 | $2,816 | $3,348 | $3,618 |
| Conrad | $777 | $1,314 | $1,700 | $2,440 | $3,249 |
| Ferguson | $171 | $354 | $587 | $956 | $1,226 |
| Garwin | $109 | $236 | $328 | $1,408 | $2,065 |
| Gilman | $481 | $799 | $1,309 | $1,868 | $2,712 |
| Gladbrook | $1,017 | $1,356 | $1,640 | $2,993 | $3,261 |
| Green Mountain | $248 | $676 | $818 | $960 | $1,604 |
| Haverhill | $963 | $1,550 | $2,063 | $2,838 | $3,761 |
| Laurel | $560 | $828 | $1,400 | $2,146 | $2,794 |
| Le Grand | $986 | $1,501 | $1,860 | $2,367 | $3,255 |
| Liscomb | $248 | $529 | $1,000 | $1,524 | $2,452 |
| Marshalltown | $778 | $1,222 | $2,028 | $3,014 | $4,412 |
| Melbourne | $721 | $1,096 | $1,700 | $2,372 | $3,136 |
| New Providence | $925 | $1,379 | $2,098 | $3,493 | $4,748 |
| Rhodes | $538 | $823 | $1,496 | $3,189 | $5,278 |
| Saint Anthony | $84 | $236 | $774 | $1,760 | $2,755 |
| State Center | $874 | $1,380 | $2,154 | $3,112 | $4,486 |
| Union | $141 | $742 | $1,366 | $2,690 | $3,680 |
| Van Cleve | $204 | $204 | $204 | $204 | $204 |
Source: Ownwell