Boone, Boone County, Iowa Property Taxes
Property Taxes in Boone, Iowa
Median Boone, Iowa effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, and higher than the Iowa state median of 1.55%.
Median Boone, Iowa home value: $170,954
Median annual Boone, Iowa tax bill: $2,598, $198 higher than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Boone, 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 Boone's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boone, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Boone, Boone County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$2,804
$2,602
How Does the Boone Property Tax Calculator Work?
Use this Boone property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Boone's median effective tax rate of 1.64% — based on actual property records in Boone County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Boone's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Boone: rates range from 1.64% in 50036 to 1.64% in 50036, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Boone.
About Boone Property Taxes
About Property Taxes in Boone, Boone, IA
Boone's median effective property tax rate of 1.64% is higher than the Iowa state median of 1.55% and higher than the national median of 1.02%. This rate reflects the Boone County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Boone. Homeowners in the 50036 ZIP code carry a median effective rate of 1.64%, while those in 50036 pay 1.64%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Boone County. Understanding which part of Boone you live in can make a meaningful difference to your annual tax bill.
Boone homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Boone, Boone County, Iowa
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Boone’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.
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 Boone Tax Rate
1.64%
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 Boone County Tax Rate
1.52%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boone, Boone County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50036 | 1.02% | 1.21% | 1.64% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Boone, Boone County, Iowa
When examining property taxes in Boone, 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 Boone County assessor 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.
Assessment notices:
In Boone County, assessment notices are sent in April each year.
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 Boone.
For example, the median home price in Boone is $170,954, with tax bills ranging significantly across the county. 50036 has the highest median home price at $170,954.
Property Tax Assessment Values Across Boone, Boone County, Iowa
Source: Ownwell
$43,754
$240,258
$436,762
Median Boone Market Value
$170,954
Median Boone County Market Value
$186,813
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boone, Boone County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50036 | $61,508 | $110,690 | $170,954 | $265,900 | $373,962 |
Source: Ownwell
Property Tax Bills Across Boone, Boone County, Iowa
Boone property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the tax bill depends on how much the home is worth, along with the tax rates set by local taxing authorities in Boone County, Iowa.
For a home with a median value of $170,954, the property tax bill can vary widely depending on the final assessed value and the local rate applied. The 25th percentile tax bill is $1,702, while the 75th percentile is $3,750 and the 90th percentile reaches $5,186. The median tax bill in the area is $2,598, which is above the national median property tax bill of $2,400.
For homeowners, this means property taxes can be a major part of annual housing costs. A higher assessed value or a higher local tax rate can increase the bill, while a lower assessment can reduce it.
Median Boone Tax Bill
$2,598
Median Boone County Tax Bill
$2,680
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Boone, Boone County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50036 | $926 | $1,702 | $2,598 | $3,750 | $5,186 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Boone Tax Assessor | |
| Website | beacon.schneidercorp.com |