Eldora, Grundy County, Iowa Property Taxes

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

Median Eldora, IA effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Eldora, IA home value: $235,900
Median annual Eldora, IA tax bill: $2,208, $192 lower than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

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

Last Updated March 1, 2025

Eldora, Grundy County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$2,453

$2,277

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

Property Tax Rates Across Eldora, Grundy County, Iowa

Local government entities set tax rates, which can vary widely within a state. This variation is 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Eldora, located in Hardin County, Iowa, the effective property tax rate stands at 1.04%. This is slightly above the national median property tax rate of 1.02%. The median property tax rate for Iowa also matches this figure. Eldora's property tax rate is reflective of the county's approach to budgeting and service provision, ensuring that local needs are met while remaining competitive with state and national averages. Understanding these rates can help homeowners make informed decisions about property investments and potential savings through tax appeal and exemption services.

Property Tax Rates Across Eldora, 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 Eldora Tax Rate

1.04%

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 Eldora, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50627	0.86%	0.90%	1.04%	1.24%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Eldora, Grundy County, Iowa

When examining property taxes in Eldora, 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 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 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 Eldora. For example, the median home price in Eldora is $235,900, with tax bills ranging significantly across the county. Zip code 50627 has the highest median home price at $235,900.

Property Tax Assessment Values Across Eldora, Grundy County, Iowa

Source: Ownwell

$75,870

$193,363

$310,855

Median Eldora Market Value

$235,900

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 Eldora, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50627	$115,296	$158,250	$235,900	$383,370	$483,072

Source: Ownwell

Property Tax Bills Across Eldora, Grundy County, Iowa

In Eldora, Grundy County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Eldora is around $235,900, and the tax bill is influenced by various factors, including property characteristics and local tax rates. Homeowners in Eldora typically face property tax bills ranging from $1,678 at the 25th percentile to $4,008 at the 75th percentile, with some reaching as high as $7,038 at the 90th percentile. Compared to the national median property tax bill of $2,400, Eldora's tax bills can be quite significant, impacting homeowners' finances considerably.

Ownwell offers valuable assistance to homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value of a property and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This can lead to substantial savings, alleviating the financial burden of high property taxes and allowing homeowners to allocate resources to other priorities.

Property Tax Bills Across Eldora, Grundy County, Iowa

Source: Ownwell

$820

$2,075

$3,330

Median Eldora Tax Bill

$2,208

Median Grundy County Tax Bill

$2,137

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Eldora, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50627	$1,116	$1,678	$2,208	$4,008	$7,038

Source: Ownwell