Parkersburg, Butler County, Iowa Property Taxes
Median Parkersburg, Iowa effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Parkersburg, Iowa home value: $193,515
Median annual Parkersburg, Iowa tax bill: $2,464, $64 higher than the national median property tax bill of $2,400.
How are property taxes in Butler calculated?
Property taxes in Parkersburg, Iowa 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 Parkersburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parkersburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parkersburg, Butler County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$2,612
$2,424
Property Tax Rates Across Parkersburg, Butler County, Iowa
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property in its area. This calculation determines the property tax rate. While votes and laws play a role in establishing tax rates and budgets, this is the core of the annual process.
In Parkersburg, located in Butler County, the effective property tax rate is 1.35%, which is higher than the national median property tax rate of 1.02%. This places Parkersburg among the higher tax areas in Iowa, as the state median aligns with the city's rate. When compared to the national median property tax bill of $2,400, residents in Parkersburg might experience a higher tax burden due to this elevated rate. Understanding these nuances can help property owners make informed decisions and potentially seek assistance to manage their property tax obligations effectively.
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 Parkersburg Tax Rate
1.35%
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 Butler County Tax Rate
1.42%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parkersburg, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50665 | 1.07% | 1.22% | 1.35% | 1.46% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Parkersburg, Butler County, Iowa
When examining property taxes in Parkersburg, Iowa, 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 Butler County Assessor's Office 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 Butler County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Parkersburg. For example, the median home price in Parkersburg is $193,515, with tax bills ranging significantly across the county. Zip code 50665 has the highest median home price at $193,515.
Property Tax Assessment Values Across Parkersburg, Butler County, Iowa
Source: Ownwell
$29,770
$185,580
$341,390
Median Parkersburg Market Value
$193,515
Median Butler County Market Value
$143,820
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parkersburg, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50665 | $75,575 | $120,982 | $193,515 | $279,375 | $392,590 |
Source: Ownwell
Property Tax Bills Across Parkersburg, Butler County, Iowa
Median Parkersburg Tax Bill
$2,464
Median Butler County Tax Bill
$1,964
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Parkersburg, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50665 | $949 | $1,542 | $2,464 | $3,848 | $5,323 |
Source: Ownwell
