Winneshiek County, Iowa Property Taxes
The median property tax rate in Winneshiek County is 1.33%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Winneshiek County at $200,930, the typical annual property tax bill reaches $2,768, slightly above the national median of $2,690. Property taxes in Winneshiek County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Winneshiek 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 Decorah or another part of Winneshiek County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winneshiek County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,672
$2,480
Ownwell’s Winneshiek County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Winneshiek County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Winneshiek 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 Winneshiek County, Iowa
Property taxes in Winneshiek County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Winneshiek County is 1.33%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Winneshiek County set these rates annually, and they can vary significantly between different areas within the county. Each year, Winneshiek 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 Winneshiek County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Ossian has one of the higher property tax rates in Iowa at 1.49%, while the city of Waukon boasts one of the lowest at 1.02%. Analyzing how Winneshiek County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Winneshiek County Tax Rate
1.33%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winneshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calmar | 1.09% | 1.16% | 1.49% | 1.59% | 1.66% |
| Castalia | 1.13% | 1.22% | 1.32% | 1.46% | 1.53% |
| Cresco | 0.99% | 1.08% | 1.13% | 1.28% | 1.43% |
| Decorah | 1.06% | 1.12% | 1.37% | 1.73% | 1.79% |
| Dorchester | 0.85% | 1.11% | 1.16% | 1.37% | 1.46% |
| Festina | N/A | N/A | N/A | N/A | N/A |
| Fort Atkinson | 0.97% | 1.03% | 1.20% | 1.56% | 1.71% |
| Ossian | 1.13% | 1.23% | 1.49% | 1.58% | 1.65% |
| Postville | 1.03% | 1.15% | 1.25% | 1.29% | 1.45% |
| Ridgeway | 1.08% | 1.13% | 1.23% | 1.43% | 1.54% |
| Spillville | 1.28% | 1.35% | 1.40% | 1.48% | 1.49% |
| Waucoma | 1.02% | 1.04% | 1.06% | 1.12% | 1.15% |
| Waukon | 0.94% | 0.99% | 1.02% | 1.09% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Winneshiek County, Iowa
In Winneshiek 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 Winneshiek 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 Winneshiek 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 instance, Festina boasts the highest median tax bill at $5,499, while Spillville has the lowest at $1,601. Being aware of these valuation processes in Winneshiek County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Winneshiek County, Iowa
Source: Ownwell
$113,790
$168,525
$223,260
Average Winneshiek County Assessed Value
$200,930
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winneshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calmar | $81,738 | $124,750 | $175,910 | $248,360 | $329,778 |
| Castalia | $42,148 | $83,530 | $129,130 | $219,260 | $274,498 |
| Cresco | $80,780 | $124,485 | $198,530 | $296,230 | $414,243 |
| Decorah | $94,152 | $159,040 | $223,260 | $312,840 | $424,828 |
| Dorchester | $81,708 | $140,652 | $194,515 | $269,770 | $374,702 |
| Festina | N/A | N/A | N/A | N/A | N/A |
| Fort Atkinson | $54,916 | $106,252 | $165,725 | $243,180 | $341,539 |
| Ossian | $84,400 | $118,440 | $167,490 | $259,755 | $349,550 |
| Postville | $36,471 | $75,260 | $137,060 | $179,615 | $251,245 |
| Ridgeway | $68,617 | $119,778 | $177,555 | $263,360 | $373,547 |
| Spillville | $46,200 | $77,140 | $113,790 | $168,115 | $217,280 |
| Waucoma | $56,658 | $129,275 | $169,810 | $208,775 | $354,276 |
| Waukon | $75,760 | $112,965 | $174,950 | $300,112 | $371,295 |
Source: Ownwell
Property Tax Bills Across Winneshiek County, Iowa
In Winneshiek County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Factors such as location, size, and condition of the property play a significant role in determining this value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Homeowners in Winneshiek County experience varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,772, while the 75th percentile reaches up to $3,976. The highest median tax bill in the county is $5,499 in Festina, whereas Spillville has the lowest median tax bill at $1,601. Compared to the national median property tax rate of 0.99%, the tax rates in Winneshiek County can significantly impact homeowners, influencing their financial planning and property-related decisions.
Average Winneshiek County Tax Bill
$2,768
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Winneshiek County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Calmar | $1,168 | $1,754 | $2,440 | $3,274 | $4,354 |
| Castalia | $540 | $1,118 | $1,744 | $2,744 | $3,518 |
| Cresco | $869 | $1,406 | $2,291 | $3,526 | $5,264 |
| Decorah | $1,156 | $2,112 | $3,194 | $4,382 | $5,876 |
| Dorchester | $654 | $1,496 | $2,147 | $3,086 | $3,634 |
| Festina | N/A | N/A | N/A | N/A | N/A |
| Fort Atkinson | $814 | $1,425 | $2,110 | $3,063 | $4,078 |
| Ossian | $1,182 | $1,678 | $2,358 | $3,460 | $4,715 |
| Postville | $444 | $851 | $1,606 | $2,241 | $3,216 |
| Ridgeway | $989 | $1,594 | $2,291 | $3,363 | $4,666 |
| Spillville | $741 | $1,160 | $1,601 | $2,290 | $3,059 |
| Waucoma | $841 | $1,482 | $1,762 | $2,319 | $3,630 |
| Waukon | $820 | $1,291 | $1,784 | $3,091 | $3,507 |
Source: Ownwell