Tama County, Iowa Property Taxes
The median property tax rate in Tama County is 1.60%, which is significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Tama County at $107,220, the typical annual property tax bill reaches $1,687. Property taxes in Tama County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tama 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 Toledo or another part of Tama County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tama County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,716
$1,592
Ownwell’s Tama County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tama County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Tama County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and make informed decisions. For more localized trends, you can scroll down to navigate to city-level information. Your property’s assessed value is the value assigned by the county for tax calculations and considers any exemptions you may have.
Property Tax Rates Across Tama County, Iowa
Property taxes in Tama County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tama County is 1.60%, which is higher than the U.S. national median of 0.99%. Local government entities within Tama County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tama 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 Tama County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Toledo has one of the higher property tax rates in Iowa at 1.90%, while the city of Beaman boasts one of the lowest at 1.01%. Analyzing how Tama County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tama County Tax Rate
1.60%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tama County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaman | N/A | N/A | N/A | N/A | N/A |
| Belle Plaine | 1.11% | 1.21% | 1.39% | 1.72% | 2.02% |
| Buckingham | 0.85% | 1.00% | 1.16% | 1.31% | 1.43% |
| Chelsea | N/A | N/A | N/A | N/A | N/A |
| Clutier | 0.92% | 1.10% | 1.30% | 1.45% | 1.71% |
| Dysart | 1.09% | 1.44% | 1.68% | 1.88% | 2.05% |
| Elberon | 0.98% | 1.17% | 1.39% | 1.64% | 2.02% |
| Garwin | 0.90% | 1.17% | 1.39% | 1.59% | 1.85% |
| Gilman | 1.12% | 1.22% | 1.44% | 1.66% | 1.86% |
| Gladbrook | 0.97% | 1.15% | 1.36% | 1.54% | 1.70% |
| Grundy Center | N/A | N/A | N/A | N/A | N/A |
| La Porte City | N/A | N/A | N/A | N/A | N/A |
| Lincoln | 0.93% | 1.11% | 1.29% | 1.46% | 1.73% |
| Marshalltown | 1.08% | 1.15% | 1.26% | 1.50% | 1.60% |
| Montour | 1.10% | 1.30% | 1.62% | 2.02% | 2.41% |
| Reinbeck | 0.72% | 0.89% | 1.05% | 1.19% | 1.36% |
| Tama | 1.19% | 1.52% | 1.85% | 2.13% | 2.38% |
| Toledo | 1.27% | 1.56% | 1.90% | 2.14% | 2.37% |
| Traer | 0.93% | 1.26% | 1.72% | 1.97% | 2.18% |
| Vining | 0.86% | 1.08% | 1.55% | 1.73% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Tama County, Iowa
In Tama 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 Tama 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 Tama 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. Tama County's highest median tax bill is seen in Grundy Center at $3,075, while the lowest is in Vining at $597. Being aware of these valuation processes in Tama County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Tama County Assessed Value
$107,220
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tama County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaman | N/A | N/A | N/A | N/A | N/A |
| Belle Plaine | $41,390 | $79,290 | $101,520 | $131,180 | $180,628 |
| Buckingham | $60,730 | $121,198 | $232,760 | $305,248 | $427,630 |
| Chelsea | N/A | N/A | N/A | N/A | N/A |
| Clutier | $25,151 | $50,962 | $91,445 | $162,648 | $212,234 |
| Dysart | $69,436 | $100,770 | $138,800 | $191,868 | $259,709 |
| Elberon | $26,295 | $50,308 | $96,825 | $150,862 | $209,982 |
| Garwin | $33,080 | $60,418 | $99,090 | $163,758 | $232,455 |
| Gilman | $69,120 | $144,610 | $180,960 | $211,200 | $251,880 |
| Gladbrook | $48,310 | $68,978 | $107,895 | $167,178 | $231,275 |
| Grundy Center | N/A | N/A | N/A | N/A | N/A |
| La Porte City | N/A | N/A | N/A | N/A | N/A |
| Lincoln | $15,013 | $33,912 | $53,955 | $79,010 | $106,382 |
| Marshalltown | $106,081 | $124,428 | $163,200 | $189,405 | $207,036 |
| Montour | $18,742 | $47,375 | $86,410 | $167,190 | $238,538 |
| Reinbeck | $55,604 | $121,902 | $172,495 | $211,535 | $304,191 |
| Tama | $30,590 | $53,015 | $89,940 | $138,035 | $195,800 |
| Toledo | $49,064 | $74,210 | $109,110 | $151,980 | $209,522 |
| Traer | $56,162 | $80,580 | $121,320 | $181,500 | $254,290 |
| Vining | $4,578 | $22,318 | $44,260 | $66,258 | $91,825 |
Source: Ownwell
Property Tax Bills Across Tama County, Iowa
In Tama County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in Tama County is $107,220, and the property tax rate is aligned with the state and local regulations. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, the tax bill at the 25th percentile is $1,038, while at the 75th percentile, it rises to $2,464. Homeowners in Tama County experience a range of tax bills, with the highest median tax bill recorded in Grundy Center at $3,075 and the lowest in Vining at $597. These variations significantly impact homeowners, affecting their annual budgeting and overall financial planning. It's crucial for homeowners to understand these factors to manage their property tax obligations effectively.
Average Tama County Tax Bill
$1,687
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Tama County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaman | N/A | N/A | N/A | N/A | N/A |
| Belle Plaine | $822 | $1,098 | $1,388 | $1,866 | $2,320 |
| Buckingham | $560 | $1,348 | $2,472 | $3,708 | $5,267 |
| Chelsea | N/A | N/A | N/A | N/A | N/A |
| Clutier | $355 | $638 | $1,122 | $1,994 | $2,706 |
| Dysart | $1,086 | $1,608 | $2,169 | $3,039 | $4,306 |
| Elberon | $310 | $822 | $1,230 | $1,880 | $2,995 |
| Garwin | $359 | $814 | $1,344 | $2,136 | $3,058 |
| Gilman | $1,102 | $1,920 | $2,492 | $3,162 | $3,486 |
| Gladbrook | $565 | $946 | $1,390 | $2,084 | $2,955 |
| Grundy Center | N/A | N/A | N/A | N/A | N/A |
| La Porte City | N/A | N/A | N/A | N/A | N/A |
| Lincoln | $243 | $454 | $667 | $1,012 | $1,335 |
| Marshalltown | $1,297 | $1,660 | $2,056 | $2,560 | $3,394 |
| Montour | $304 | $870 | $1,485 | $2,316 | $3,206 |
| Reinbeck | $433 | $1,158 | $1,732 | $2,426 | $3,265 |
| Tama | $518 | $980 | $1,581 | $2,324 | $3,346 |
| Toledo | $953 | $1,411 | $1,954 | $2,729 | $3,543 |
| Traer | $900 | $1,362 | $1,894 | $2,610 | $3,789 |
| Vining | $40 | $319 | $597 | $985 | $1,310 |
Source: Ownwell