Greenfield, Adair County, Iowa Property Taxes
Median Greenfield, IA effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Greenfield, IA home value: $113,705
Median annual Greenfield, IA tax bill: $1,902, $498 lower than the national median property tax bill of $2,400.
How are property taxes in Adair calculated?
Property taxes in Greenfield, 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 Greenfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenfield, Adair County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$1,935
$1,795
Property Tax Rates Across Greenfield, Adair County, Iowa
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each county annually estimates its budget needed to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
In Greenfield, located in Adair County, Iowa, the effective property tax rate offers an interesting comparison to other cities within the state. The median property tax rate in Iowa stands at 1.74%, which is notably higher than the national median of 1.02%. This means that property owners in Iowa, including those in Greenfield, are subject to higher property tax rates compared to the national average. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions, potentially leading to significant savings. By staying informed and proactive, property owners can better manage their financial obligations and ensure they are not overpaying on their property taxes.
Our median effective property tax rate (tax bill Ă· 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 Greenfield Tax Rate
1.65%
Our median effective property tax rate (tax bill Ă· 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 Adair County Tax Rate
1.49%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenfield, Adair County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50849 | 1.24% | 1.38% | 1.65% | 1.82% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Greenfield, Adair County, Iowa
When examining property taxes in Greenfield, 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 Adair 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 Adair 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 Greenfield. For example, the median home price in Greenfield is $113,705, with tax bills ranging significantly across the county. ZIP code 50849 has the highest median home price at $113,705.
Property Tax Assessment Values Across Greenfield, Adair County, Iowa
Source: Ownwell
$59,390
$110,840
$162,290
Median Greenfield Market Value
$117,260
Median Adair County Market Value
$116,840
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenfield, Adair County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50849 | $47,256 | $74,182 | $117,260 | $183,292 | $274,527 |
Source: Ownwell
Property Tax Bills Across Greenfield, Adair County, Iowa
Median Greenfield Tax Bill
$1,824
Median Adair County Tax Bill
$1,648
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenfield, Adair County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50849 | $792 | $1,188 | $1,824 | $2,793 | $4,130 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Adair Tax Assessor | |
| Website | adair.iowaassessors.com |