Monona County, Iowa Property Taxes
The median property tax rate in Monona County is 1.30%, which is significantly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $94,166 in Monona County, the typical annual property tax bill is approximately $1,186, well below the national median of $2,690. Property taxes in Monona County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, including those for primary residences and agricultural properties. Understanding Monona 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 Onawa or another part of Monona County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monona County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,224
$1,136
Ownwell’s Monona County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Monona County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Monona County to estimate your property tax bill. This insightful tool 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 Monona County, Iowa
Property taxes in Monona County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Monona County is 1.30%, which is higher than the national median of 0.99%. Local government entities within Monona County set these rates annually, and they can vary significantly between different areas within the county. Each year, Monona 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 Onawa has one of the higher property tax rates in Iowa at 1.48%, while the city of Sloan boasts one of the lowest at 0.98%. Analyzing how Monona County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Monona County Tax Rate
1.30%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monona County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blencoe | 1.00% | 1.07% | 1.24% | 1.53% | 1.85% |
| Castana | 0.92% | 0.95% | 1.09% | 1.35% | 1.50% |
| Danbury | N/A | N/A | N/A | N/A | N/A |
| Dunlap | 1.02% | 1.07% | 1.22% | 1.45% | 1.50% |
| Hornick | 0.93% | 0.96% | 1.05% | 1.31% | 1.64% |
| Little Sioux | 0.92% | 1.05% | 1.11% | 1.21% | 1.42% |
| Mapleton | 0.93% | 1.08% | 1.25% | 1.40% | 1.44% |
| Moorhead | 0.95% | 1.08% | 1.23% | 1.55% | 1.59% |
| Onawa | 1.08% | 1.29% | 1.48% | 1.61% | 1.67% |
| Rodney | 0.87% | 1.02% | 1.21% | 1.47% | 1.50% |
| Sloan | 0.93% | 0.95% | 0.98% | 1.11% | 1.37% |
| Smithland | N/A | N/A | N/A | N/A | N/A |
| Soldier | 0.88% | 1.01% | 1.24% | 1.62% | 1.66% |
| Turin | 1.05% | 1.12% | 1.23% | 1.41% | 1.59% |
| Ute | 0.93% | 1.08% | 1.33% | 1.54% | 1.57% |
| Whiting | 0.94% | 1.03% | 1.21% | 1.32% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Monona County, Iowa
In Monona 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 Monona 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 Monona 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. The highest median tax bill in Monona County is $2,634 in Danbury, while the lowest is $482 in Rodney. Being aware of these valuation processes in Monona County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Monona County Assessed Value
$94,166
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monona County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blencoe | $2,200 | $23,236 | $78,528 | $137,620 | $246,784 |
| Castana | $1,714 | $11,321 | $46,457 | $120,320 | $227,675 |
| Danbury | N/A | N/A | N/A | N/A | N/A |
| Dunlap | $53,530 | $71,911 | $158,291 | $278,722 | $377,194 |
| Hornick | $39,432 | $93,350 | $142,999 | $242,672 | $362,502 |
| Little Sioux | $65,934 | $104,844 | $123,160 | $154,043 | $266,975 |
| Mapleton | $33,586 | $69,277 | $111,681 | $179,328 | $285,110 |
| Moorhead | $27,320 | $47,188 | $78,635 | $164,680 | $262,571 |
| Onawa | $19,198 | $48,904 | $102,031 | $162,041 | $255,489 |
| Rodney | $5,943 | $11,212 | $34,694 | $81,863 | $232,449 |
| Sloan | $73,170 | $116,640 | $176,003 | $295,830 | $378,888 |
| Smithland | N/A | N/A | N/A | N/A | N/A |
| Soldier | $10,813 | $29,124 | $72,137 | $138,634 | $191,771 |
| Turin | $15,866 | $41,820 | $97,531 | $196,210 | $254,108 |
| Ute | $17,445 | $38,014 | $64,676 | $112,284 | $191,201 |
| Whiting | $14,100 | $51,222 | $111,951 | $178,022 | $294,560 |
Source: Ownwell
Property Tax Bills Across Monona County, Iowa
In Monona County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the county's property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in Monona County experience a range of property tax bills. For instance, the 25th percentile tax bill is $554, while the 75th percentile reaches $2018, and the 90th percentile climbs to $3170. The highest median tax bill in the county is found in Danbury at $2634, while Rodney has the lowest median tax bill at $482. These figures illustrate the variability in property taxes within the county, significantly impacting homeowners' financial responsibilities. Compared to the national median property tax rate of 0.99%, Monona County's tax rates can present both higher and lower burdens depending on the specific locality within the county.
Average Monona County Tax Bill
$1,186
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Monona County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blencoe | $32 | $192 | $900 | $1,576 | $2,850 |
| Castana | $26 | $146 | $501 | $1,337 | $2,570 |
| Danbury | N/A | N/A | N/A | N/A | N/A |
| Dunlap | $773 | $922 | $1,810 | $3,157 | $3,880 |
| Hornick | $380 | $1,058 | $1,757 | $2,664 | $3,960 |
| Little Sioux | $408 | $844 | $1,428 | $1,820 | $2,806 |
| Mapleton | $448 | $869 | $1,380 | $2,096 | $3,301 |
| Moorhead | $330 | $632 | $1,056 | $1,816 | $3,024 |
| Onawa | $237 | $670 | $1,426 | $2,258 | $3,484 |
| Rodney | $74 | $236 | $482 | $1,038 | $2,327 |
| Sloan | $749 | $1,224 | $1,958 | $3,160 | $3,861 |
| Smithland | N/A | N/A | N/A | N/A | N/A |
| Soldier | $90 | $428 | $974 | $1,498 | $2,090 |
| Turin | $237 | $570 | $1,194 | $2,166 | $3,046 |
| Ute | $205 | $491 | $912 | $1,356 | $2,102 |
| Whiting | $218 | $631 | $1,292 | $2,122 | $3,342 |
Source: Ownwell