Wayne County, Iowa Property Taxes
Median Wayne County effective property tax rate: 1.58%, significantly higher than the national median of 1.02%.
Median Wayne County home value: $80,110
Median annual Wayne County tax bill: $1,272, $1,128 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Wayne 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 Corydon or another part of Wayne County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wayne County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$1,266
$1,175
Property Tax Rates Across Wayne County, Iowa
Local government entities are responsible for setting property tax rates, which can differ significantly across counties within a state. This is because each county annually determines its budgetary needs to maintain public services, dividing the total required budget by the assessed value of all taxable properties in the county. This calculation yields the property tax rate. Although the process involves votes and legislative measures, this is the fundamental method used each year.
You can compare Wayne County's effective property tax rate to other counties in Iowa or the U.S. median property tax rate. Wayne County has a median property tax rate of 1.58%, which is notably higher than the national median of 1.02%. Within Wayne County, Humeston has the highest median tax rate at 1.80%, while Plano has the lowest at 1.37%. These variations highlight the diverse landscape of property taxation within a single county and emphasize the importance of understanding how these rates are determined and their impact on property owners.
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 Wayne County Tax Rate
1.58%
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 Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wayne County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | 1.20% | 1.33% | 1.47% | 1.69% | 1.80% |
| Chariton | N/A | N/A | N/A | N/A | N/A |
| Clio | 1.07% | 1.34% | 1.48% | 1.61% | 1.72% |
| Corydon | 1.24% | 1.38% | 1.75% | 2.02% | 2.09% |
| Derby | 1.29% | 1.30% | 1.41% | 1.49% | 1.65% |
| Garden Grove | N/A | N/A | N/A | N/A | N/A |
| Humeston | 1.40% | 1.57% | 1.80% | 2.06% | 2.14% |
| Lineville | 1.10% | 1.30% | 1.47% | 1.61% | 1.67% |
| Melrose | 1.16% | 1.34% | 1.39% | 1.42% | 1.50% |
| Millerton | 1.18% | 1.46% | 1.60% | 1.67% | 1.70% |
| Plano | 1.32% | 1.34% | 1.37% | 1.39% | 1.42% |
| Promise City | 1.07% | 1.30% | 1.41% | 1.57% | 1.75% |
| Russell | 1.25% | 1.31% | 1.40% | 1.46% | 1.58% |
| Seymour | 1.18% | 1.38% | 1.68% | 2.09% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Wayne County, Iowa
When examining property taxes in Wayne 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 Wayne 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 Wayne 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 Wayne County.
For example, the median tax bill in Wayne County is $1,694, with tax bills ranging significantly across the county. Russell has the highest median home price at $119,300.
Median Wayne County Market Value
$80,110
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wayne County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $14,530 | $35,220 | $69,380 | $124,530 | $203,482 |
| Chariton | N/A | N/A | N/A | N/A | N/A |
| Clio | $18,966 | $24,568 | $48,085 | $93,988 | $140,733 |
| Corydon | $29,200 | $52,850 | $95,450 | $149,915 | $226,910 |
| Derby | $59,980 | $76,755 | $114,010 | $202,485 | $237,840 |
| Garden Grove | N/A | N/A | N/A | N/A | N/A |
| Humeston | $21,306 | $41,780 | $76,670 | $126,730 | $173,212 |
| Lineville | $14,139 | $23,702 | $57,900 | $94,998 | $162,450 |
| Melrose | $11,870 | $22,270 | $31,950 | $63,965 | $123,375 |
| Millerton | $8,061 | $12,972 | $26,690 | $59,365 | $100,938 |
| Plano | $50,925 | $74,565 | $98,515 | $119,815 | $151,129 |
| Promise City | $16,670 | $39,765 | $89,180 | $156,490 | $249,290 |
| Russell | $34,534 | $79,505 | $119,300 | $159,235 | $192,820 |
| Seymour | $17,688 | $39,888 | $83,680 | $154,648 | $237,013 |
Source: Ownwell
Property Tax Bills Across Wayne County, Iowa
Median Wayne County Tax Bill
$1,272
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Wayne County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allerton | $213 | $580 | $1,068 | $1,766 | $2,927 |
| Chariton | N/A | N/A | N/A | N/A | N/A |
| Clio | $203 | $353 | $746 | $1,408 | $1,970 |
| Corydon | $495 | $872 | $1,572 | $2,454 | $3,591 |
| Derby | $756 | $1,060 | $1,146 | $2,314 | $3,106 |
| Garden Grove | N/A | N/A | N/A | N/A | N/A |
| Humeston | $380 | $756 | $1,336 | $2,149 | $3,097 |
| Lineville | $178 | $340 | $794 | $1,326 | $2,388 |
| Melrose | $164 | $307 | $412 | $764 | $1,595 |
| Millerton | $137 | $192 | $361 | $864 | $1,268 |
| Plano | $703 | $1,055 | $1,356 | $1,730 | $2,090 |
| Promise City | $237 | $616 | $1,277 | $2,178 | $3,203 |
| Russell | $512 | $1,107 | $1,694 | $2,212 | $2,739 |
| Seymour | $298 | $662 | $1,354 | $2,340 | $3,456 |
Source: Ownwell