Osceola County Property Taxes
The median property tax rate in Osceola County is 1.21%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $99,340, the typical annual property tax bill in Osceola County is $1,157, which is below the national median of $2,690. Property taxes in Osceola County are calculated based on the tax-assessed value, often lower than the actual market value due to exemptions like primary residence and agricultural exemptions. Understanding Osceola 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 Sibley or another part of Osceola County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Osceola County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,202
Ownwell’s Osceola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Osceola with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Osceola 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 Osceola County, Iowa
Property taxes in Osceola County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Osceola County is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Osceola County set these rates annually, and they can vary significantly between different areas within the county. Each year, Osceola 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 Osceola County's effective property tax rate with other areas in Iowa and the national median. For comparison, the city of Sibley has one of the higher property tax rates in Iowa at 1.34%, while the city of Lake Park boasts one of the lowest at 0.65%. Analyzing how Osceola County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Osceola County Tax Rate
1.21%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osceola County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allendorf | 0.70% | 0.76% | 1.02% | 1.22% | 1.65% |
| Ashton | 0.75% | 0.89% | 1.13% | 1.33% | 1.48% |
| Harris | 0.72% | 0.80% | 1.06% | 1.34% | 1.49% |
| Hartley | 0.86% | 0.91% | 0.99% | 1.15% | 1.32% |
| Lake Park | 0.61% | 0.62% | 0.65% | 0.67% | 0.69% |
| Little Rock | 0.70% | 0.87% | 0.96% | 1.03% | 1.18% |
| May City | 0.61% | 0.75% | 0.92% | 1.13% | 1.24% |
| Melvin | 0.76% | 0.88% | 1.05% | 1.24% | 1.49% |
| Ocheyedan | 0.73% | 0.87% | 1.05% | 1.29% | 1.45% |
| Sanborn | 0.24% | 0.77% | 0.92% | 1.00% | 1.12% |
| Sheldon | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% |
| Sibley | 0.84% | 1.06% | 1.34% | 1.48% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Osceola County, Iowa
In Osceola 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 Osceola 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 Osceola 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. Osceola County exhibits a wide range of property tax bills, with Hartley having the highest median tax bill at $1,692 and Allendorf the lowest at $280. Being aware of these valuation processes in Osceola County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Osceola County Assessed Value
$99,340
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osceola County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allendorf | $1,260 | $4,620 | $16,340 | $63,495 | $73,504 |
| Ashton | $38,910 | $64,535 | $95,660 | $141,230 | $187,630 |
| Harris | $19,494 | $51,538 | $93,655 | $158,565 | $255,663 |
| Hartley | $75,682 | $104,920 | $157,940 | $212,700 | $318,716 |
| Lake Park | $192,697 | $215,582 | $253,725 | $291,868 | $314,753 |
| Little Rock | $63,656 | $81,315 | $112,690 | $200,470 | $331,362 |
| May City | $16,476 | $26,615 | $42,265 | $58,620 | $68,325 |
| Melvin | $14,720 | $43,380 | $77,690 | $129,628 | $204,460 |
| Ocheyedan | $20,046 | $50,790 | $96,820 | $154,600 | $233,708 |
| Sanborn | $81,282 | $101,310 | $130,010 | $170,360 | $235,216 |
| Sheldon | $162,250 | $162,250 | $162,250 | $162,250 | $162,250 |
| Sibley | $40,338 | $64,342 | $107,155 | $180,470 | $261,167 |
Source: Ownwell
Property Tax Bills Across Osceola County, Iowa
In Osceola County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions play a significant role in this calculation. For instance, the median home price in Osceola County is $99,340, and the property tax rate is applied to this value to derive the tax bill. Homeowners in Osceola County experience a range of tax bills, with the 25th percentile paying around $662, while those in the 75th percentile pay approximately $1,858. The highest median tax bill in the county is found in Hartley, averaging $1,692, whereas the lowest is in Allendorf at $280. These variations can significantly impact homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Osceola County's rates reflect both the local economic conditions and the assessed property values.
Average Osceola County Tax Bill
$1,157
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Osceola County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allendorf | $15 | $44 | $280 | $545 | $1,277 |
| Ashton | $410 | $698 | $1,028 | $1,494 | $1,999 |
| Harris | $208 | $539 | $962 | $1,623 | $2,372 |
| Hartley | $658 | $982 | $1,692 | $2,104 | $3,227 |
| Lake Park | $1,307 | $1,417 | $1,600 | $1,783 | $1,893 |
| Little Rock | $498 | $862 | $1,246 | $1,913 | $3,179 |
| May City | $102 | $186 | $366 | $570 | $716 |
| Melvin | $174 | $386 | $775 | $1,281 | $2,166 |
| Ocheyedan | $247 | $514 | $1,002 | $1,579 | $2,283 |
| Sanborn | $398 | $692 | $978 | $1,448 | $2,328 |
| Sheldon | $596 | $596 | $596 | $596 | $596 |
| Sibley | $464 | $804 | $1,327 | $2,198 | $3,269 |
Source: Ownwell