Taylor County, Iowa Property Taxes
The median property tax rate in Taylor County is 1.27%, 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 $80,810, the typical annual property tax bill in Taylor County amounts to $1,036, significantly below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural land. By understanding Taylor County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in Bedford or another part of Taylor County, gaining a comprehensive knowledge of local property taxes is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Taylor County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,026
$952
Ownwell’s Taylor County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Taylor County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Taylor County 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 Taylor County, Iowa
Property taxes in Taylor County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Taylor County is 1.27%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Taylor County set these rates annually, and they can vary significantly between different areas within the county. Each year, Taylor 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 Taylor County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Lenox has one of the higher property tax rates in Iowa at 1.46%, while the city of Clarinda boasts one of the lowest at 1.06%. Analyzing how Taylor County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Taylor County Tax Rate
1.27%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | 0.93% | 1.05% | 1.25% | 1.42% | 1.61% |
| Blockton | 0.65% | 0.99% | 1.20% | 1.62% | 1.88% |
| Clarinda | N/A | N/A | N/A | N/A | N/A |
| Clearfield | 0.92% | 1.12% | 1.32% | 1.55% | 1.70% |
| Corning | 0.92% | 0.94% | 1.06% | 1.24% | 1.56% |
| Gravity | 0.70% | 0.96% | 1.12% | 1.43% | 1.61% |
| Lenox | 1.13% | 1.29% | 1.46% | 1.57% | 1.70% |
| New Market | 0.84% | 0.98% | 1.10% | 1.29% | 1.46% |
| Nodaway | 0.77% | 1.02% | 1.13% | 1.24% | 1.73% |
| Sharpsburg | 0.94% | 1.12% | 1.43% | 1.82% | 2.12% |
| Villisca | 0.93% | 1.02% | 1.12% | 1.20% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Taylor County, Iowa
In Taylor 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 Taylor 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 Taylor 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. For example, Villisca has the highest median tax bill in the county at $1,888, while Blockton has the lowest at $324. Being aware of these valuation processes in Taylor County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Taylor County Assessed Value
$80,810
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylor County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | $9,800 | $36,815 | $84,490 | $153,910 | $265,060 |
| Blockton | $1,672 | $6,828 | $25,575 | $82,838 | $252,197 |
| Clarinda | N/A | N/A | N/A | N/A | N/A |
| Clearfield | $8,210 | $24,500 | $62,790 | $119,535 | $199,970 |
| Corning | $42,536 | $95,475 | $137,440 | $206,945 | $319,018 |
| Gravity | $1,626 | $7,688 | $32,935 | $97,122 | $197,311 |
| Lenox | $31,644 | $60,300 | $101,880 | $165,490 | $246,598 |
| New Market | $19,978 | $44,815 | $91,115 | $154,548 | $259,334 |
| Nodaway | $23,056 | $41,825 | $77,470 | $176,105 | $387,314 |
| Sharpsburg | $7,778 | $12,760 | $33,530 | $106,160 | $187,242 |
| Villisca | $46,790 | $115,940 | $172,510 | $210,050 | $306,522 |
Source: Ownwell
Property Tax Bills Across Taylor County, Iowa
In Taylor County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the county's tax rate to determine the annual tax bill. Several factors influence the tax bill, including the home's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For homeowners in Taylor County, the median home price is $80,810. The tax bill varies widely, with the 25th percentile at $403 and the 75th percentile reaching $1,883. In some cases, such as in Villisca, the highest median tax bill is $1,888, while Blockton has the lowest median tax bill at $324. Compared to the national median property tax rate of 0.99%, Taylor County's tax bills can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Taylor County Tax Bill
$1,036
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bedford | $123 | $426 | $1,018 | $1,852 | $2,988 |
| Blockton | $22 | $62 | $324 | $1,122 | $2,662 |
| Clarinda | N/A | N/A | N/A | N/A | N/A |
| Clearfield | $113 | $292 | $870 | $1,616 | $2,727 |
| Corning | $719 | $998 | $1,486 | $2,362 | $3,418 |
| Gravity | $14 | $78 | $324 | $1,138 | $2,135 |
| Lenox | $454 | $874 | $1,484 | $2,402 | $3,621 |
| New Market | $178 | $487 | $1,068 | $1,812 | $2,708 |
| Nodaway | $160 | $490 | $909 | $1,936 | $3,596 |
| Sharpsburg | $102 | $184 | $490 | $1,480 | $2,494 |
| Villisca | $553 | $1,409 | $1,888 | $2,375 | $3,356 |
Source: Ownwell
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