Griswold, Iowa Property Taxes
The median property tax rate in Griswold, IA is 1.20%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Griswold at $194,300, the typical annual property tax bill is $2,392, which is below the national median of $2,690. Property taxes in Griswold are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Griswold's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Griswold or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Griswold, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,332
Ownwell’s Griswold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Griswold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Griswold to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Griswold, Iowa
Property taxes in Griswold, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Griswold is 1.14%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Griswold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Griswold estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Griswold's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51535 zip code has the highest median property tax rate of 1.20%, while the 51535 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Griswold provides valuable insights into the varying tax landscape across Cass, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griswold Tax Rate
1.20%
Average Pottawattamie County Tax Rate
1.73%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Griswold, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | 1.03% | 1.14% | 1.20% | 1.28% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Griswold, Iowa
In Griswold, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the county assessor for tax purposes. In contrast, the assessed value 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. In Griswold, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Griswold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,392 in the 51535 zip code, while the lowest median tax bill is also $2,392 in the same zip code.
Average Griswold Assessed Value
$194,300
Average Pottawattamie County Assessed Value
$173,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Griswold, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | $97,910 | $142,650 | $194,300 | $256,750 | $392,780 |
Source: Ownwell
Property Tax Bills Across Griswold, Iowa
In Griswold, Iowa, 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 local tax rate to determine the annual tax bill. For instance, a home with a median price of $194,300 in Griswold can expect varying tax bills depending on its assessed value and applicable exemptions. Tax bills in Griswold show significant variation, with the 25th percentile at $1,828 and the 75th percentile reaching $3,154. At the 90th percentile, tax bills can go as high as $4,687. These figures highlight the range of property tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Griswold's property tax rates can be considered moderate. Homeowners must consider these taxes when budgeting for homeownership, as they can significantly affect overall housing costs. Understanding these factors can help residents plan better and potentially seek appeals or exemptions if they believe their property is over-assessed.
Average Griswold Tax Bill
$2,392
Average Pottawattamie County Tax Bill
$2,932
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Griswold, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51535 | $1,002 | $1,828 | $2,392 | $3,154 | $4,687 |
Source: Ownwell