Grundy Center, Grundy County, Iowa Property Taxes

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

Median Grundy Center, IA effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Grundy Center, IA home value: $154,090
Median annual Grundy Center, IA tax bill: $2,376, $24 lower than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

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

Last Updated March 1, 2025

Grundy Center, Grundy County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$2,465

$2,288

Ownwell’s Grundy Center Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grundy Center with just two data points. By entering your property's estimated assessed value, our calculator applies Grundy Center’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 Grundy Center, Grundy County, Iowa

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county annually estimating its required budget to provide services and dividing 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.

In Grundy Center, located in Grundy County, Iowa, the effective property tax rate is 1.60%, which is significantly higher than the national median property tax rate of 1.02%. This means property owners in Grundy Center pay more in taxes compared to the national average. However, this rate is consistent with the median property tax rate across Iowa, indicating that property owners in Grundy Center experience similar tax obligations as other residents in the state. Understanding these rates is crucial for property owners seeking to manage their expenses and potentially appeal their property tax assessments.

Property Tax Rates Across Grundy Center, 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 Grundy Center Tax Rate

1.60%

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 Grundy Center, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50638	1.14%	1.50%	1.60%	1.69%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Grundy Center, Grundy County, Iowa

When examining property taxes in Grundy Center, 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 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 Grundy Center. For example, the median home price in Grundy Center is $154,090, with tax bills ranging significantly across the county. Zip code 50638 has the highest median home price at $154,090.

Property Tax Assessment Values Across Grundy Center, Grundy County, Iowa

Source: Ownwell

$75,870

$193,363

$310,855

Median Grundy Center Market Value

$154,090

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 Grundy Center, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50638	$70,927	$106,950	$154,090	$233,120	$336,919

Source: Ownwell

Property Tax Bills Across Grundy Center, Grundy County, Iowa

In Grundy Center, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to arrive at the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Grundy Center can expect to pay a tax bill that ranges from $1,668 at the 25th percentile to $4,962 at the 90th percentile. The median property tax bill in this area is $2,376, which is slightly below the national median of $2,400. High property taxes can significantly impact homeowners, affecting affordability and overall financial planning. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Grundy Center in securing fair tax rates, ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Grundy Center, Grundy County, Iowa

Source: Ownwell

$820

$2,075

$3,330

Median Grundy Center Tax Bill

$2,376

Median Grundy County Tax Bill

$2,137

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Grundy Center, Grundy County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50638	$1,128	$1,668	$2,376	$3,457	$4,962

Source: Ownwell