Mitchell County, Iowa Property Taxes

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

Median Mitchell County effective property tax rate: 1.25%, significantly higher than the national median of 1.02%.
Median Mitchell County home value: $146,070
Median annual Mitchell County tax bill: $1,776, $624 lower than the national median property tax bill of $2,400.

How are property taxes in Mitchell County calculated?

Property taxes in Mitchell 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 Osage or another part of Mitchell County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mitchell County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$1,826

$1,694

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

Property Tax Rates Across Mitchell County, Iowa

Local government entities are responsible for setting tax rates, leading to significant variability within a state. Each year, counties determine their budgetary needs for public services and divide this by the total value of taxable property in their area, resulting in the property tax rate. While the process involves votes and legislation, this is the fundamental approach.

In Mitchell County, the effective property tax rate stands at 1.25%, slightly above the national median of 1.02%. This places Mitchell County's rate higher than the national average, reflecting the county's specific budgetary needs and property values. In comparison, the highest median tax rate in Iowa is found in Osage at 1.34%, while Toeterville boasts the lowest at 0.99%.

Residents of Mitchell County may find their tax bills higher than the national median of $2,400, depending on their property's assessed value. Understanding these rates helps property owners anticipate their tax obligations and the services funded by these taxes.

Property Tax Rates Across Mitchell County, Iowa

Source: Ownwell

0.99%

1.16%

1.34%

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 Mitchell County Tax Rate

1.25%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

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	N/A	N/A	N/A	N/A	N/A
Grafton	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Riceville	0.88%	0.99%	1.22%	1.40%	1.51%
Rudd	N/A	N/A	N/A	N/A	N/A
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

When examining property taxes in Mitchell 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 Mitchell County Assessor's Office 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:

Assessment notices in Mitchell County 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 Mitchell County. For example, the median tax bill in Mitchell County is $2,400, with tax bills ranging significantly across the county. Elma has the highest median home price at $330,225.

Property Tax Assessment Values Across Mitchell County, Iowa

Source: Ownwell

$60,730

$195,478

$330,225

Median Mitchell County Market Value

$146,070

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

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	N/A	N/A	N/A	N/A	N/A
Grafton	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Riceville	$38,860	$73,458	$147,930	$226,685	$352,515
Rudd	N/A	N/A	N/A	N/A	N/A
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 determined by the assessed value of a home, which is influenced by the local market conditions and property characteristics. The local tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Mitchell County face a median property tax bill that is notably lower than the national median of $2,400. The 25th percentile tax bill is $1,019, while the 75th percentile reaches $2,900, reflecting a range of tax burdens based on property value and location within the county. The 90th percentile tax bill can go as high as $4,580, indicating that some homeowners with higher-value properties pay significantly more. In Elma, the highest median tax bill is $3,574, whereas in Carpenter, it is as low as $622. These variations highlight the impact of property location and value on tax bills, affecting homeowners' financial planning and the affordability of living in different areas within the county.

Property Tax Bills Across Mitchell County, Iowa

Source: Ownwell

$622

$2,098

$3,574

Median Mitchell County Tax Bill

$1,776

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

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	N/A	N/A	N/A	N/A	N/A
Grafton	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A
Riceville	$501	$904	$1,624	$2,694	$4,041
Rudd	N/A	N/A	N/A	N/A	N/A
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