Worth County, Iowa Property Taxes
The median property tax rate in Worth County is 1.17%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $133,156 in Worth County, the typical annual property tax bill reaches $1,502, which is below the national median of $2,690. Property taxes in Worth 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 Worth 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 Northwood or another part of Worth County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Worth County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,558
$1,446
Ownwell’s Worth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Worth County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Worth 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’s 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 Worth County, Iowa
Property taxes in Worth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Worth County is 1.17%, which is higher than the U.S. national median of 0.99%. Local government entities within Worth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Worth 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 Worth County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Fertile has one of the higher property tax rates in Iowa at 1.39%, while the city of Mason City boasts one of the lowest at 0.78%. Analyzing how Worth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Worth County Tax Rate
1.17%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Worth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fertile | 0.79% | 1.16% | 1.39% | 1.55% | 1.76% |
| Grafton | 0.84% | 0.98% | 1.12% | 1.29% | 1.46% |
| Hanlontown | 0.80% | 0.92% | 1.18% | 1.37% | 1.64% |
| Joice | 0.72% | 0.82% | 1.00% | 1.15% | 1.39% |
| Kensett | 0.75% | 0.88% | 1.05% | 1.31% | 1.64% |
| Lake Mills | 0.64% | 0.71% | 0.82% | 0.96% | 1.17% |
| Manly | 0.79% | 0.97% | 1.16% | 1.32% | 1.51% |
| Mason City | N/A | N/A | N/A | N/A | N/A |
| Northwood | 0.85% | 1.00% | 1.26% | 1.44% | 1.60% |
| Plymouth | 0.75% | 0.79% | 0.87% | 1.00% | 1.23% |
| Saint Ansgar | 0.79% | 0.85% | 0.97% | 1.16% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Worth County, Iowa
In Worth 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 Worth 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 Worth 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, Saint Ansgar has the highest median tax bill at $1,909, while Kensett has the lowest at $1,242. Being aware of these valuation processes in Worth County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Worth County Assessed Value
$133,156
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Worth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fertile | $30,774 | $68,112 | $103,318 | $156,260 | $227,031 |
| Grafton | $45,693 | $71,940 | $122,212 | $183,896 | $263,007 |
| Hanlontown | $48,010 | $86,213 | $136,666 | $203,781 | $297,305 |
| Joice | $46,786 | $71,646 | $129,830 | $214,472 | $292,675 |
| Kensett | $33,185 | $69,434 | $116,073 | $216,935 | $286,540 |
| Lake Mills | $86,382 | $141,194 | $221,427 | $266,721 | $334,618 |
| Manly | $44,519 | $75,614 | $117,561 | $174,930 | $242,207 |
| Mason City | N/A | N/A | N/A | N/A | N/A |
| Northwood | $64,031 | $95,694 | $141,953 | $209,455 | $285,868 |
| Plymouth | $37,379 | $114,299 | $208,208 | $293,660 | $420,903 |
| Saint Ansgar | $106,304 | $149,340 | $199,944 | $235,432 | $290,862 |
Source: Ownwell
Property Tax Bills Across Worth County, Iowa
In Worth County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Worth County is $133,156, and the property tax rates can vary depending on specific factors such as location and property characteristics. For example, in Saint Ansgar, the highest median tax bill is approximately $1,909, while in Kensett, the lowest median tax bill is around $1,242. Homeowners in Worth County can expect their property tax bills to range widely, with the 25th percentile tax bill at $1,034 and the 75th percentile at $2,106. For those at the 90th percentile, the tax bill can go up to $2,920. These variations can significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Comparatively, the national median property tax rate is 0.99%, highlighting the relative affordability of property taxes in Worth County.
Average Worth County Tax Bill
$1,502
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Worth County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fertile | $406 | $1,006 | $1,398 | $1,926 | $2,773 |
| Grafton | $508 | $941 | $1,312 | $1,952 | $2,572 |
| Hanlontown | $719 | $1,032 | $1,490 | $2,112 | $2,995 |
| Joice | $530 | $835 | $1,272 | $1,867 | $2,616 |
| Kensett | $383 | $820 | $1,242 | $1,982 | $2,682 |
| Lake Mills | $898 | $1,184 | $1,668 | $2,222 | $2,861 |
| Manly | $545 | $921 | $1,336 | $1,846 | $2,477 |
| Mason City | N/A | N/A | N/A | N/A | N/A |
| Northwood | $872 | $1,248 | $1,702 | $2,337 | $3,193 |
| Plymouth | $393 | $1,109 | $1,687 | $2,428 | $3,680 |
| Saint Ansgar | $1,051 | $1,524 | $1,909 | $2,576 | $2,933 |
Source: Ownwell
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