What is the property tax rate in Iowa?

Iowa has an effective property tax rate of 1.43%, ranking it #10 out of 50 states. The median homeowner pays $2,795 per year.

How are property taxes calculated in Iowa?

Property taxes in Iowa are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (1.43%) represents the median taxes paid as a percentage of median home value across the state.

Which county in Iowa has the lowest property taxes?

Among Iowa's 99 counties, Wright County has one of the lowest effective property tax rates.

Does Iowa have a homestead exemption?

Yes, Iowa offers several property tax exemptions including: General Homestead, Disabled Veteran, Property Tax Credit (Over 65/Disabled). See the exemptions section above for details.

Iowa Property Tax Rate

2023 Data · 99 Counties

1.43%effective rate

Iowa has an effective property tax rate of 1.43%, ranking it #10 among all 50 states. The median homeowner in Iowa pays $2,795 per year in property taxes on a home valued at $195,900. This rate is 51% higher than the national average of 0.95%.

Effective Tax Rate📊

1.43%

#10 of 50 states

Median Tax Paid🏠

$2,795

Per year

Median Home Value💰

$195,900

2023 estimate

Total Counties📍

Population: 3,195,937

Property Tax Rates by County in Iowa

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Montgomery County	1.79%	$1,968	$109,900
#2	Union County	1.79%	$2,108	$117,800
#3	Polk County	1.76%	$4,364	$248,400
#4	Decatur County	1.69%	$1,856	$109,500
#5	Linn County	1.66%	$3,396	$204,400
#6	Wapello County	1.64%	$1,854	$112,900
#7	Henry County	1.61%	$2,394	$148,600
#8	Pottawattamie County	1.61%	$2,961	$183,600
#9	Johnson County	1.56%	$4,587	$293,100
#10	Clinton County	1.55%	$2,382	$153,800
#11	Madison County	1.55%	$3,681	$236,900
#12	Muscatine County	1.55%	$2,667	$172,400
#13	Wright County	1.54%	$1,695	$109,800
#14	Black Hawk County	1.53%	$2,790	$182,400
#15	Des Moines County	1.53%	$2,097	$137,000
#16	Davis County	1.52%	$2,217	$146,000
#17	Monroe County	1.52%	$2,065	$135,900
#18	Scott County	1.52%	$3,221	$212,500
#19	Marshall County	1.51%	$2,030	$134,100
#20	Cerro Gordo County	1.50%	$2,305	$154,100

How Iowa Compares

Iowa

1.43%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in Iowa

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$4,290

$358/month · Rate: 1.43%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

1.43%

Iowa Property Tax Exemptions

✓

General Homestead

Up to $4,850 of assessed value or actual levy credit

Primary residence owners as of July 1

✓

Disabled Veteran

100% exemption from property taxes

Veterans with 100% permanent service-connected disability

✓

Property Tax Credit (Over 65/Disabled)

Credit based on income; may cover up to 100% of taxes

Homeowners age 65+ or totally disabled with income under $25,328

Nearby States

Illinois

2.07%

Minnesota

1.04%

Missouri

0.88%

Nebraska

1.50%

South Dakota

1.09%

Wisconsin

1.51%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.