Grimes, Dallas County, Iowa Property Taxes
Median Grimes, IA effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Grimes, IA home value: $359,390
Median annual Grimes, IA tax bill: $4,378, $1,978 higher than the national median property tax bill of $2,400.
How are property taxes in Dallas County calculated?
Property taxes in Grimes, 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 Grimes’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grimes, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grimes, Dallas County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$4,564
$4,236
Ownwell’s Grimes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grimes with just two data points.
By entering your property's estimated assessed value, our calculator applies Grimes’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dallas County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Grimes, Dallas County, Iowa
Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. Each year, counties estimate the budget required to provide essential services and divide this figure by the total assessed value of all taxable property within their jurisdiction. This process results in the property tax rate. While voting and legislation play a role in determining tax rates and budgets, this annual calculation is a fundamental part of the process.
In Grimes, located in Dallas County, Iowa, you can compare the effective property tax rate to other cities within the state and also to the median property tax rates in Iowa and the U.S. The median property tax rate in Iowa is 1.27%, which is above the national median of 1.02%. This means residents in Grimes may experience higher property tax rates compared to the national average. Understanding these rates can help property owners make informed decisions about property investments and financial planning.
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 Grimes Tax Rate
1.27%
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 Dallas County Tax Rate
1.62%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grimes, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50111 | 1.09% | 1.19% | 1.27% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Grimes, Dallas County, Iowa
When examining property taxes in Grimes, 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 Dallas 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.
In Dallas 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 Grimes. For example, the median home price in Grimes is $359,390, with tax bills ranging significantly across the county. Zip code 50111 has the highest median home price at $359,390.
Property Tax Assessment Values Across Grimes, Dallas County, Iowa
Source: Ownwell
$117,375
$362,623
$607,870
Median Grimes Market Value
$359,390
Median Dallas County Market Value
$264,500
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grimes, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50111 | $213,052 | $267,220 | $359,390 | $601,490 | $757,768 |
Source: Ownwell
Property Tax Bills Across Grimes, Dallas County, Iowa
Median Grimes Tax Bill
$4,378
Median Dallas County Tax Bill
$3,638
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Grimes, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50111 | $2,659 | $3,184 | $4,378 | $8,774 | $11,057 |
Source: Ownwell