Edgewood, Delaware County, Iowa Property Taxes
Median Edgewood, IA effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Edgewood, IA home value: $160,200
Median annual Edgewood, IA tax bill: $2,681, $281 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware County calculated?
Property taxes in Edgewood, 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 Edgewood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edgewood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edgewood, Delaware County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.63%
Estimate Property Tax Bill
$2,615
$2,427
Property Tax Rates Across Edgewood, Delaware County, Iowa
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 Edgewood Tax Rate
1.63%
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 Delaware County Tax Rate
1.42%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edgewood, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52042 | 1.27% | 1.51% | 1.63% | 1.73% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Edgewood, Delaware County, Iowa
When examining property taxes in Edgewood, 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 Delaware 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 Delaware 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 Edgewood.
For example, the median home price in Edgewood is $160,200, with tax bills ranging significantly across the county. The 52042 zip code has the highest median home price at $160,200.
Property Tax Assessment Values Across Edgewood, Delaware County, Iowa
Source: Ownwell
$88,700
$189,600
$290,500
Median Edgewood Market Value
$160,450
Median Delaware County Market Value
$184,100
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgewood, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52042 | $46,040 | $108,750 | $160,450 | $245,425 | $361,170 |
Source: Ownwell
Property Tax Bills Across Edgewood, Delaware County, Iowa
In Edgewood, Delaware County, IA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Edgewood is $160,200. Property taxes are calculated based on this value, with the tax bill often falling between $1,819 at the 25th percentile and $3,900 at the 75th percentile. Homeowners in Edgewood face a median property tax bill of $2,681, which is higher than the national median of $2,400. This financial obligation can be a significant burden for homeowners, impacting their overall cost of living.
Several factors influence property tax bills, including changes in property values, local government budgets, and tax rates. Homeowners may find their taxes increasing even without significant changes to their property's assessed value. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in securing fairer tax rates, ultimately leading to substantial savings.
Median Edgewood Tax Bill
$2,550
Median Delaware County Tax Bill
$2,580
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Edgewood, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52042 | $763 | $1,784 | $2,550 | $3,782 | $5,226 |
Source: Ownwell