Decorah, Winneshiek County, Iowa Property Taxes

Name: Property Tax Bills Across Decorah, Winneshiek County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Decorah, IA effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Decorah, IA home value: $223,260
Median annual Decorah, IA tax bill: $3,194, $794 higher than the national median property tax bill of $2,400.

How are property taxes in Winneshiek County calculated?

Property taxes in Decorah, IA 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 Decorah’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Decorah, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Decorah, Winneshiek County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$3,059

$2,838

Ownwell’s Decorah Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Decorah with just two data points. By entering your property's estimated assessed value, our calculator applies Decorah’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Winneshiek County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Decorah, Winneshiek County, Iowa

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Decorah, located in Winneshiek County, Iowa, the effective property tax rate is the same as the highest and lowest median tax rates in the area, reflecting a uniformity in the tax structure. Iowa's median property tax rate is higher than the national median, making it crucial for property owners to understand how these rates compare to other cities within the state and the U.S. By staying informed, property owners can better navigate the complexities of property tax assessments and potentially find opportunities for appeals or exemptions, ultimately ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Decorah, Winneshiek County, Iowa

Source: Ownwell

1.02%

1.26%

1.49%

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 Decorah Tax Rate

1.37%

Median Effective Winneshiek County Tax Rate

1.33%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Decorah, Winneshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52101	1.06%	1.12%	1.37%	1.73%	1.79%

Source: Ownwell

Property Tax Assessment Values Across Decorah, Winneshiek County, Iowa

When examining property taxes in Decorah, IA, 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 Winneshiek County appraisal district 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.

In Winneshiek County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Decorah. For example, the median home price in Decorah is $223,260, with tax bills ranging significantly across the county. Zip code 52101 has the highest median home price at $223,260.

Property Tax Assessment Values Across Decorah, Winneshiek County, Iowa

Source: Ownwell

$113,790

$168,525

$223,260

Median Decorah Market Value

$223,260

Median Winneshiek County Market Value

$200,930

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Decorah, Winneshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52101	$94,152	$159,040	$223,260	$312,840	$424,828

Source: Ownwell

Property Tax Bills Across Decorah, Winneshiek County, Iowa

In Decorah, situated in Winneshiek County, IA, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value. Homeowners in Decorah face a median property tax bill of $3,194, which is above the national median of $2,400. Factors influencing the tax bill include the local tax rate and the assessed value of the property. For homeowners, this can mean a significant financial obligation, especially if their property falls within the higher tax brackets, such as the 90th percentile, where tax bills can reach $5,876.

Ownwell can assist homeowners in Decorah by offering property tax appeal services. By reviewing the assessed value and ensuring it accurately reflects the market value, Ownwell can potentially lower tax bills. Additionally, Ownwell provides guidance on available exemptions, further helping homeowners reduce their property tax burden. This service can be crucial for those looking to manage their expenses and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Decorah, Winneshiek County, Iowa

Source: Ownwell

$1,601

$2,398

$3,194

Median Decorah Tax Bill

$3,194

Median Winneshiek County Tax Bill

$2,768

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Decorah, Winneshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52101	$1,156	$2,112	$3,194	$4,382	$5,876

Source: Ownwell