Poweshiek County, Iowa Property Taxes

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

Median Poweshiek County effective property tax rate: 1.29%, significantly higher than the national median of 1.02%.
Median Poweshiek County home value: $172,525
Median annual Poweshiek County tax bill: $2,264, $136 lower than the national median property tax bill of $2,400.

How are property taxes in Poweshiek County calculated?

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

Last Updated March 1, 2025

Poweshiek County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$2,226

$2,065

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

Property Tax Rates Across Poweshiek County, Iowa

Local government entities in Iowa set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Poweshiek County's effective property tax rate to other counties in Iowa or the U.S. median property tax rate. Poweshiek County's median property tax rate is 1.29%, which is higher than the national median of 1.02%. Within the county, Grinnell has the highest median tax rate at 1.54%, while Montezuma boasts the lowest at 0.97%. These variations highlight the importance of understanding local property tax dynamics, as they can significantly impact your annual tax bill compared to the national median of $2400. Whether you're a homeowner or investor, being informed about these rates can aid in financial planning and decision-making.

Property Tax Rates Across Poweshiek County, Iowa

Source: Ownwell

0.97%

1.25%

1.54%

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 Poweshiek County Tax Rate

1.29%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Poweshiek County, Iowa

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Barnes City	N/A	N/A	N/A	N/A	N/A
Belle Plaine	N/A	N/A	N/A	N/A	N/A
Brooklyn	0.95%	1.04%	1.13%	1.40%	1.52%
Chelsea	1.04%	1.11%	1.23%	1.32%	1.60%
Deep River	0.89%	0.97%	1.09%	1.26%	1.39%
Gibson	N/A	N/A	N/A	N/A	N/A
Gilman	0.94%	1.00%	1.08%	1.20%	1.45%
Grinnell	1.07%	1.38%	1.54%	1.62%	1.71%
Guernsey	0.96%	1.07%	1.17%	1.25%	1.34%
Hartwick	0.92%	1.06%	1.18%	1.30%	1.46%
Lynnville	N/A	N/A	N/A	N/A	N/A
Malcom	0.98%	1.09%	1.21%	1.32%	1.44%
Montezuma	0.83%	0.91%	0.97%	1.32%	1.46%
New Sharon	0.90%	0.94%	1.02%	1.16%	1.24%
Searsboro	0.80%	0.91%	1.02%	1.16%	1.32%
Tama	N/A	N/A	N/A	N/A	N/A
Victor	0.99%	1.06%	1.15%	1.31%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Poweshiek County, Iowa

When examining property taxes in Poweshiek 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 Poweshiek County Assessor 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: In Poweshiek County, assessment notices 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 Poweshiek County. For example, the median tax bill in Poweshiek County is $2,608, with tax bills ranging significantly across the county. Montezuma has the highest median home price at $223,180.

Property Tax Assessment Values Across Poweshiek County, Iowa

Source: Ownwell

$105,310

$164,245

$223,180

Median Poweshiek County Market Value

$172,525

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Poweshiek County, Iowa

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Barnes City	N/A	N/A	N/A	N/A	N/A
Belle Plaine	N/A	N/A	N/A	N/A	N/A
Brooklyn	$28,158	$81,208	$143,295	$247,725	$378,852
Chelsea	$95,672	$124,650	$197,540	$299,595	$399,910
Deep River	$30,093	$64,390	$109,575	$199,088	$293,312
Gibson	N/A	N/A	N/A	N/A	N/A
Gilman	$109,125	$117,480	$140,080	$215,058	$285,361
Grinnell	$82,642	$119,730	$177,560	$246,380	$346,802
Guernsey	$33,220	$56,622	$129,520	$209,695	$334,945
Hartwick	$13,968	$67,480	$105,310	$183,320	$251,464
Lynnville	N/A	N/A	N/A	N/A	N/A
Malcom	$60,537	$90,442	$145,240	$228,360	$347,415
Montezuma	$80,886	$125,470	$223,180	$379,570	$567,172
New Sharon	$77,329	$142,450	$185,795	$347,382	$575,525
Searsboro	$24,341	$61,535	$149,160	$231,878	$393,590
Tama	N/A	N/A	N/A	N/A	N/A
Victor	$61,811	$102,390	$164,850	$262,928	$397,852

Source: Ownwell

Property Tax Bills Across Poweshiek County, Iowa

In Poweshiek County, IA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this county is $172,525, which is below the national median. Homeowners in Poweshiek County experience a range of property tax bills. The 25th percentile tax bill stands at $1,392, while the 75th percentile reaches $3,396. The 90th percentile tax bill can go as high as $4,887, indicating a wide variance based on property values and local tax rates. Grinnell, a city within Poweshiek County, has the highest median tax bill at $2,608, slightly above the national median property tax bill of $2,400. Conversely, Hartwick reports the lowest median tax bill at $1,245. These figures show how property taxes can significantly impact homeowners, affecting their annual expenses. Understanding these factors is crucial for homeowners as they plan their finances, ensuring they are prepared for their property tax obligations.

Property Tax Bills Across Poweshiek County, Iowa

Source: Ownwell

$1,245

$1,927

$2,608

Median Poweshiek County Tax Bill

$2,264

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Poweshiek County, Iowa

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Barnes City	N/A	N/A	N/A	N/A	N/A
Belle Plaine	N/A	N/A	N/A	N/A	N/A
Brooklyn	$494	$1,092	$1,908	$2,978	$4,502
Chelsea	$1,109	$1,706	$2,278	$3,613	$4,685
Deep River	$253	$708	$1,247	$2,062	$3,117
Gibson	N/A	N/A	N/A	N/A	N/A
Gilman	$1,020	$1,260	$1,950	$2,560	$3,006
Grinnell	$1,202	$1,798	$2,608	$3,598	$5,057
Guernsey	$329	$570	$1,431	$2,476	$4,023
Hartwick	$162	$649	$1,245	$2,238	$3,040
Lynnville	N/A	N/A	N/A	N/A	N/A
Malcom	$713	$1,084	$1,714	$2,684	$4,193
Montezuma	$812	$1,400	$2,386	$3,721	$5,372
New Sharon	$710	$1,314	$2,006	$2,922	$6,094
Searsboro	$252	$668	$1,490	$2,355	$3,488
Tama	N/A	N/A	N/A	N/A	N/A
Victor	$684	$1,154	$2,006	$2,968	$4,619

Source: Ownwell