Mitchell County Property Taxes
The median property tax rate in Mitchell County is 1.25%, which is higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $146,070 in Mitchell County, the typical annual property tax bill is around $1,776, which is significantly below the national median of $2,690. Property taxes in Mitchell County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Mitchell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Osage or another part of Mitchell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mitchell County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,826
Ownwell’s Mitchell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mitchell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mitchell 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 Mitchell County, Iowa
Property taxes in Mitchell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mitchell County is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Mitchell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mitchell 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 Mitchell County's effective property tax rate with other areas and the national median. For comparison, the city of Osage has one of the higher property tax rates in the region at 1.34%, while the city of Grafton boasts one of the lowest at 0.97%. Analyzing how Mitchell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mitchell County Tax Rate
1.25%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mitchell County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carpenter | 0.79% | 0.96% | 1.07% | 1.19% | 1.34% |
| Elma | 0.90% | 0.98% | 1.12% | 1.26% | 1.35% |
| Floyd | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Grafton | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| Little Cedar | 0.87% | 0.99% | 1.05% | 1.12% | 1.26% |
| Mc Intire | 0.83% | 0.92% | 1.00% | 1.15% | 1.31% |
| Mitchell | 0.99% | 1.09% | 1.18% | 1.26% | 1.32% |
| Nora Springs | 0.93% | 0.95% | 1.03% | 1.12% | 1.41% |
| Orchard | 0.95% | 1.05% | 1.12% | 1.25% | 1.38% |
| Osage | 1.04% | 1.14% | 1.34% | 1.44% | 1.52% |
| Plymouth | 1.10% | 1.13% | 1.17% | 1.21% | 1.25% |
| Riceville | 0.88% | 0.99% | 1.22% | 1.40% | 1.51% |
| Rudd | 1.05% | 1.06% | 1.08% | 1.31% | 1.38% |
| Saint Ansgar | 0.98% | 1.07% | 1.20% | 1.34% | 1.45% |
| Stacyville | 1.01% | 1.11% | 1.20% | 1.34% | 1.43% |
| Toeterville | 0.87% | 0.93% | 0.99% | 1.05% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mitchell County, Iowa
In Mitchell 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 Mitchell 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 Mitchell 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. For example, Plymouth has the highest median tax bill at $4,780, while Carpenter has the lowest at $622. Being aware of these valuation processes in Mitchell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mitchell County Assessed Value
$146,070
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mitchell County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carpenter | $19,588 | $34,560 | $60,730 | $80,795 | $115,550 |
| Elma | $174,880 | $235,120 | $330,225 | $370,640 | $507,399 |
| Floyd | $220,410 | $220,410 | $220,410 | $220,410 | $220,410 |
| Grafton | $69,740 | $69,740 | $69,740 | $69,740 | $69,740 |
| Little Cedar | $20,322 | $62,130 | $109,980 | $233,365 | $354,954 |
| Mc Intire | $12,955 | $37,952 | $94,285 | $179,478 | $323,730 |
| Mitchell | $32,264 | $67,590 | $104,925 | $153,432 | $288,535 |
| Nora Springs | $105,780 | $139,020 | $200,110 | $358,110 | $488,084 |
| Orchard | $29,412 | $66,350 | $168,930 | $284,705 | $480,038 |
| Osage | $48,774 | $91,245 | $147,650 | $239,145 | $375,176 |
| Plymouth | $209,221 | $313,472 | $388,610 | $412,938 | $425,731 |
| Riceville | $38,860 | $73,458 | $147,930 | $226,685 | $352,515 |
| Rudd | $134,130 | $143,010 | $209,850 | $386,975 | $425,436 |
| Saint Ansgar | $46,770 | $99,520 | $171,950 | $264,085 | $377,360 |
| Stacyville | $36,396 | $72,610 | $115,660 | $181,372 | $274,382 |
| Toeterville | $17,290 | $43,452 | $85,265 | $98,550 | $125,225 |
Source: Ownwell
Property Tax Bills Across Mitchell County, Iowa
In Mitchell County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county stands at $146,070. To determine the tax bill, the assessed value is multiplied by the county's property tax rate. Several factors influence this bill, including property size, location, and improvements made to the home. For homeowners in Mitchell County, the tax bill varies significantly. The 25th percentile tax bill is approximately $1,019, while the 75th percentile reaches around $2,900. At the 90th percentile, homeowners can expect to pay up to $4,580. This variation highlights the impact of property value and specific local assessments on tax obligations. Comparatively, the national median property tax rate is 0.99%, making it essential for residents to understand how local rates and property values affect their financial responsibilities. High tax bills, like the $4,780 median in Plymouth, contrast sharply with lower bills, such as the $622 median in Carpenter, illustrating the diversity within the region.
Average Mitchell County Tax Bill
$1,776
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mitchell County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carpenter | $128 | $380 | $622 | $867 | $1,243 |
| Elma | $1,574 | $2,962 | $3,574 | $4,656 | $5,682 |
| Floyd | $2,258 | $2,258 | $2,258 | $2,258 | $2,258 |
| Grafton | $676 | $676 | $676 | $676 | $676 |
| Little Cedar | $144 | $608 | $1,171 | $2,692 | $3,966 |
| Mc Intire | $121 | $358 | $952 | $1,788 | $3,351 |
| Mitchell | $288 | $680 | $1,194 | $1,694 | $3,275 |
| Nora Springs | $1,003 | $1,352 | $2,162 | $4,134 | $5,678 |
| Orchard | $283 | $746 | $1,818 | $3,264 | $5,559 |
| Osage | $648 | $1,217 | $1,892 | $3,053 | $4,834 |
| Plymouth | $2,472 | $3,917 | $4,780 | $4,874 | $4,935 |
| Riceville | $501 | $904 | $1,624 | $2,694 | $4,041 |
| Rudd | $1,536 | $1,710 | $2,252 | $4,680 | $5,370 |
| Saint Ansgar | $611 | $1,204 | $2,052 | $3,104 | $4,622 |
| Stacyville | $479 | $876 | $1,381 | $2,210 | $3,354 |
| Toeterville | $187 | $412 | $844 | $1,024 | $1,280 |
Source: Ownwell