Mills County, Iowa Property Taxes
The median property tax rate in Mills County is 1.36%, which is notably higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $206,856 in Mills County, the typical annual property tax bill amounts to $3,154, surpassing the national median of $2,690. Property taxes in Mills County are calculated based on the assessed value, which is often lower than the actual market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mills County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can result in significant annual savings. Whether you reside in Glenwood or another part of Mills County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mills County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,813
$2,611
Ownwell’s Mills County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mills County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mills 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 Mills County, Iowa
Property taxes in Mills County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mills County is 1.36%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Mills County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mills 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 Glenwood has one of the higher property tax rates in Iowa at 1.63%, while the city of Randolph boasts one of the lowest at 1.11%. Analyzing how Mills County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mills County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mills County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Council Bluffs | 0.94% | 1.03% | 1.17% | 1.30% | 1.37% |
| Emerson | 1.11% | 1.17% | 1.27% | 1.36% | 1.47% |
| Glenwood | 1.23% | 1.28% | 1.63% | 1.77% | 1.84% |
| Hastings | 1.08% | 1.13% | 1.29% | 1.52% | 1.87% |
| Henderson | 1.07% | 1.14% | 1.23% | 1.34% | 1.73% |
| Imogene | 1.06% | 1.09% | 1.18% | 1.25% | 1.32% |
| Malvern | 1.11% | 1.19% | 1.42% | 1.53% | 1.68% |
| Mineola | 1.14% | 1.20% | 1.24% | 1.31% | 1.54% |
| Pacific Jct | N/A | N/A | N/A | N/A | N/A |
| Pacific Junction | 0.20% | 1.10% | 1.27% | 1.43% | 1.67% |
| Randolph | N/A | N/A | N/A | N/A | N/A |
| Silver City | 1.20% | 1.29% | 1.37% | 1.48% | 1.62% |
| Tabor | 1.13% | 1.22% | 1.28% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Mills County, Iowa
In Mills 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 Mills 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 Mills 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. Glenwood has the highest median tax bill at $3,798, while Henderson has the lowest at $1,302. Being aware of these valuation processes in Mills County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mills County Assessed Value
$206,856
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mills County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Council Bluffs | $56,976 | $172,970 | $240,303 | $348,292 | $572,720 |
| Emerson | $33,186 | $65,434 | $107,712 | $183,356 | $298,509 |
| Glenwood | $112,151 | $172,758 | $241,236 | $389,912 | $511,818 |
| Hastings | $9,791 | $48,430 | $132,552 | $227,098 | $327,828 |
| Henderson | $6,651 | $44,704 | $108,407 | $199,180 | $278,300 |
| Imogene | $144,210 | $170,814 | $214,483 | $253,380 | $308,211 |
| Malvern | $41,887 | $114,886 | $191,507 | $295,411 | $405,999 |
| Mineola | $34,999 | $137,952 | $185,699 | $227,390 | $287,200 |
| Pacific Jct | N/A | N/A | N/A | N/A | N/A |
| Pacific Junction | $3,362 | $17,090 | $99,254 | $270,589 | $433,775 |
| Randolph | N/A | N/A | N/A | N/A | N/A |
| Silver City | $34,728 | $110,059 | $196,347 | $304,381 | $425,678 |
| Tabor | $47,770 | $108,032 | $165,059 | $291,409 | $423,996 |
Source: Ownwell
Property Tax Bills Across Mills County, Iowa
In Mills County, IA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners in Mills County, the median home price is $206,856. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,798 and the 75th percentile reaching $4,592. At the 90th percentile, tax bills can climb to $6,287, reflecting higher-valued properties or those in more desirable locations. Comparatively, the highest median tax bill in the county is found in Glenwood at $3,798, while Henderson residents enjoy the lowest median tax bill at $1,302. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Mills County Tax Bill
$3,154
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mills County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Council Bluffs | $712 | $1,806 | $2,649 | $3,996 | $6,489 |
| Emerson | $429 | $818 | $1,356 | $2,199 | $3,430 |
| Glenwood | $1,650 | $2,771 | $3,798 | $5,296 | $6,918 |
| Hastings | $164 | $692 | $1,755 | $2,914 | $3,817 |
| Henderson | $88 | $518 | $1,302 | $2,352 | $3,384 |
| Imogene | $1,445 | $1,932 | $2,689 | $3,094 | $3,623 |
| Malvern | $495 | $1,563 | $2,592 | $3,677 | $4,945 |
| Mineola | $568 | $1,736 | $2,348 | $2,766 | $3,700 |
| Pacific Jct | N/A | N/A | N/A | N/A | N/A |
| Pacific Junction | $66 | $310 | $1,706 | $3,782 | $5,494 |
| Randolph | N/A | N/A | N/A | N/A | N/A |
| Silver City | $588 | $1,540 | $2,632 | $3,979 | $5,404 |
| Tabor | $675 | $1,248 | $1,990 | $3,664 | $5,429 |
Source: Ownwell