Woodward, Dallas County, Iowa Property Taxes
Median Woodward, IA effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Woodward, IA home value: $182,120
Median annual Woodward, IA tax bill: $2,850, $450 higher than the national median property tax bill of $2,400.
How are property taxes in Dallas calculated?
Property taxes in Woodward, 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 Woodward’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodward, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodward, Dallas County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.61%
Estimate Property Tax Bill
$2,960
$2,747
Property Tax Rates Across Woodward, Dallas County, Iowa
Local government entities determine property tax rates, which can differ significantly within Iowa. Each county calculates its necessary budget to deliver services and divides this by the total value of taxable property within its jurisdiction, resulting in the property tax rate. Votes and legal stipulations play a role in setting these rates and budgets, but this is the core of the annual procedure.
In Woodward, located in Dallas County, Iowa, the effective property tax rate is a focal point for comparison. This rate can be contrasted with those in other cities within Iowa as well as the median property tax rates in Iowa and across the United States. Woodward's property tax rate is notably higher than the national median rate of 1.02%, underscoring the importance of understanding local tax obligations. By comparing these rates, property owners can gain insights into their tax responsibilities and explore potential savings through property tax appeal and exemption services.
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 Woodward Tax Rate
1.61%
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
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Woodward, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50276 | 1.08% | 1.17% | 1.61% | 1.78% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Woodward, Dallas County, Iowa
When examining property taxes in Woodward, IA, 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 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.
Assessment notices: In Dallas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Woodward. For example, the median home price in Woodward is $182,120, with tax bills ranging significantly across the county. 50276 has the highest median home price at $182,120.
Property Tax Assessment Values Across Woodward, Dallas County, Iowa
Source: Ownwell
$117,375
$362,623
$607,870
Median Woodward Market Value
$183,870
Median Dallas County Market Value
$255,490
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Woodward, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50276 | $85,255 | $130,122 | $183,870 | $268,890 | $423,040 |
Source: Ownwell
Property Tax Bills Across Woodward, Dallas County, Iowa
Median Woodward Tax Bill
$2,858
Median Dallas County Tax Bill
$3,628
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodward, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50276 | $904 | $2,018 | $2,858 | $3,799 | $5,230 |
Source: Ownwell