Winnebago County, Iowa Property Taxes
The median property tax rate in Winnebago County is 1.42%, which is significantly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Winnebago County at $124,390, the typical annual property tax bill amounts to $1,770, which is below the national median of $2,690. Property taxes in Winnebago 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 Winnebago 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 Forest City or another part of Winnebago County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winnebago County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,766
$1,639
Ownwell’s Winnebago Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Winnebago with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Winnebago 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 Winnebago County, Iowa
Property taxes in Winnebago County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Winnebago County is 1.42%, which is higher than the U.S. national median of 0.99%. Local government entities within Winnebago County set these rates annually, and they can vary significantly between different areas within the county. Each year, Winnebago 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 Winnebago County's effective property tax rate with other areas in Iowa and the national median. For comparison, the city of Forest City has one of the higher property tax rates in Iowa at 1.62%, while the city of Fertile boasts one of the lowest at 0.82%. Analyzing how Winnebago County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Winnebago County Tax Rate
1.42%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnebago County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Britt | N/A | N/A | N/A | N/A | N/A |
| Buffalo Center | 0.78% | 0.98% | 1.19% | 1.34% | 1.50% |
| Fertile | N/A | N/A | N/A | N/A | N/A |
| Forest City | 0.99% | 1.35% | 1.62% | 1.74% | 1.83% |
| Hanlontown | N/A | N/A | N/A | N/A | N/A |
| Joice | 0.82% | 0.87% | 0.99% | 1.09% | 1.20% |
| Lake Mills | 0.94% | 1.15% | 1.39% | 1.51% | 1.64% |
| Leland | 1.01% | 1.18% | 1.35% | 1.53% | 1.66% |
| Northwood | N/A | N/A | N/A | N/A | N/A |
| Rake | 0.27% | 0.75% | 1.07% | 1.28% | 1.45% |
| Scarville | 0.68% | 0.93% | 1.04% | 1.32% | 1.51% |
| Thompson | 0.90% | 1.17% | 1.60% | 1.81% | 2.00% |
| Titonka | N/A | N/A | N/A | N/A | N/A |
| Woden | 0.71% | 0.95% | 1.10% | 1.51% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Winnebago County, Iowa
In Winnebago 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 Winnebago 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 Winnebago 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. Being aware of these valuation processes in Winnebago County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Hanlontown has the highest median tax bill at $2,576, while Rake has the lowest at $436.
Average Winnebago County Assessed Value
$124,390
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnebago County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Britt | N/A | N/A | N/A | N/A | N/A |
| Buffalo Center | $25,835 | $58,672 | $104,934 | $160,133 | $235,834 |
| Fertile | N/A | N/A | N/A | N/A | N/A |
| Forest City | $66,594 | $98,950 | $139,180 | $201,230 | $277,574 |
| Hanlontown | N/A | N/A | N/A | N/A | N/A |
| Joice | $129,066 | $174,830 | $242,640 | $270,706 | $298,671 |
| Lake Mills | $64,062 | $93,720 | $137,910 | $206,350 | $297,298 |
| Leland | $29,691 | $65,065 | $111,934 | $191,520 | $262,102 |
| Northwood | N/A | N/A | N/A | N/A | N/A |
| Rake | $8,490 | $25,410 | $37,100 | $70,510 | $140,282 |
| Scarville | $24,098 | $50,550 | $95,620 | $153,950 | $253,029 |
| Thompson | $21,542 | $42,480 | $70,380 | $125,964 | $200,258 |
| Titonka | N/A | N/A | N/A | N/A | N/A |
| Woden | $74,982 | $111,454 | $157,374 | $268,968 | $313,101 |
Source: Ownwell
Property Tax Bills Across Winnebago County, Iowa
In Winnebago 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 county's property tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions can influence the assessed value. For instance, in Winnebago County, the median home price is $124,390. Homeowners in this region experience a range of tax bills. The 25th percentile tax bill stands at $1,044, while those in the 75th percentile face a tax bill of $2,634. At the higher end, the 90th percentile tax bill reaches $3,706. The city of Hanlontown has the highest median tax bill at $2,576, whereas Rake has the lowest at $436. Compared to the national median property tax rate of 0.99%, Winnebago County's tax rates demonstrate a diverse impact on homeowners, affecting their annual financial obligations significantly.
Average Winnebago County Tax Bill
$1,770
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnebago County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Britt | N/A | N/A | N/A | N/A | N/A |
| Buffalo Center | $249 | $605 | $1,158 | $1,962 | $2,749 |
| Fertile | N/A | N/A | N/A | N/A | N/A |
| Forest City | $1,017 | $1,520 | $2,124 | $3,028 | $3,944 |
| Hanlontown | N/A | N/A | N/A | N/A | N/A |
| Joice | $1,515 | $1,846 | $2,314 | $2,925 | $3,315 |
| Lake Mills | $782 | $1,274 | $1,889 | $2,768 | $3,858 |
| Leland | $413 | $935 | $1,552 | $2,436 | $3,456 |
| Northwood | N/A | N/A | N/A | N/A | N/A |
| Rake | $12 | $194 | $436 | $840 | $1,624 |
| Scarville | $179 | $516 | $966 | $1,830 | $3,045 |
| Thompson | $312 | $583 | $1,101 | $1,813 | $2,707 |
| Titonka | N/A | N/A | N/A | N/A | N/A |
| Woden | $502 | $1,119 | $2,235 | $3,156 | $4,218 |
Source: Ownwell