Cedar Falls, Grundy County, Iowa Property Taxes

Name: Property Tax Bills Across Cedar Falls, Grundy County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cedar Falls, IA effective property tax rate: 1.02%, aligning with the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Cedar Falls, IA home value: $286,550
Median annual Cedar Falls, IA tax bill: $2,966, $566 higher than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

Property taxes in Cedar Falls, 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 Cedar Falls’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cedar Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cedar Falls, Grundy County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$2,923

$2,712

Ownwell’s Cedar Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Cedar Falls’ 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 Grundy County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cedar Falls, Grundy County, Iowa

Local government entities set tax rates, which can vary widely within a state. 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 Cedar Falls’ effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.

Cedar Falls, located in Grundy County, presents an intriguing case in Iowa's property tax landscape. The city's effective property tax rate aligns with the national median of 1.02%. This consistency offers a unique perspective, as property tax rates can vary significantly across the state and the nation. In contrast, the national median property tax bill is $2400. Cedar Falls' alignment with the national median rate suggests a balanced approach to property taxation within the city, providing a stable environment for property owners. This equilibrium in tax rates underscores the importance of understanding local tax policies and their impact on property ownership.

Property Tax Rates Across Cedar Falls, Grundy County, Iowa

Source: Ownwell

0.87%

1.24%

1.60%

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 Cedar Falls Tax Rate

1.02%

Median Effective Grundy County Tax Rate

1.29%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Falls, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50613	0.93%	0.99%	1.02%	1.06%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Cedar Falls, Grundy County, Iowa

When examining property taxes in Cedar Falls, 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 Grundy 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 Grundy 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 Cedar Falls.

For example, the median home price in Cedar Falls is $286,550, with tax bills ranging significantly across the county. The zip code 50613 has the highest median home price at $286,550.

Property Tax Assessment Values Across Cedar Falls, Grundy County, Iowa

Source: Ownwell

$75,870

$193,363

$310,855

Median Cedar Falls Market Value

$286,550

Median Grundy County Market Value

$168,355

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Falls, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50613	$90,268	$196,255	$286,550	$373,345	$477,240

Source: Ownwell

Property Tax Bills Across Cedar Falls, Grundy County, Iowa

In Cedar Falls, located in Grundy County, IA, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, and local authorities then apply the tax rate to calculate the tax bill. Homeowners in Cedar Falls face a median tax bill of $2,966, which is above the national median of $2,400. The tax bills in this area can range significantly, with the 25th percentile at $1,978 and the 90th percentile reaching up to $5,472. These figures highlight the variability in property tax bills, influenced by factors such as property size, location, and improvements. Homeowners may find these tax rates burdensome, especially when compared to the national median property tax rate of 1.02%. By partnering with Ownwell, homeowners can potentially reduce their property tax bills. Ownwell offers professional property tax appeal services, helping to ensure that property assessments are fair, and exemptions are applied correctly, leading to potential savings.

Property Tax Bills Across Cedar Falls, Grundy County, Iowa

Source: Ownwell

$820

$2,075

$3,330

Median Cedar Falls Tax Bill

$2,966

Median Grundy County Tax Bill

$2,137

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Falls, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50613	$1,191	$1,978	$2,966	$3,848	$5,472

Source: Ownwell