Jewell, Hamilton County, Iowa Property Taxes
Median Jewell, IA effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Jewell, IA home value: $157,050
Median annual Jewell, IA tax bill: $2,029, $371 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Jewell, 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 Jewell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jewell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jewell, Hamilton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$2,073
$1,924
Property Tax Rates Across Jewell, Hamilton County, Iowa
Local government entities determine tax rates, which can vary significantly across different regions within a state. Each year, counties estimate their necessary budget to fund public services and divide it by the total value of all taxable property within their boundaries. This calculation determines the property tax rate. Although the process involves votes and legal frameworks, this is essentially how it works annually.
In Jewell, located in Hamilton County, the effective property tax rate offers an interesting perspective when compared to other cities in Iowa and national figures. Iowa's median property tax rate stands at 1.32%, which is notably higher than the national median of 1.02%. This reflects the unique financial needs and property values within the state. Jewell's property tax rate aligns with the state median, which underscores the broader trend in Iowa.
Understanding these rates can help property owners in Jewell make informed decisions and potentially explore opportunities for tax appeals or exemptions. This awareness is crucial, given that property taxes significantly impact the overall cost of homeownership and local government funding.
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 Jewell Tax Rate
1.32%
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 Hamilton County Tax Rate
1.61%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jewell, Hamilton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50130 | 1.12% | 1.22% | 1.32% | 1.42% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Jewell, Hamilton County, Iowa
When examining property taxes in Jewell, 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 Hamilton County assessor 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 Hamilton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Jewell.
For example, the median home price in Jewell is $157,050, with tax bills ranging significantly across the county. Zip code 50130 has the highest median home price at $157,050.
Property Tax Assessment Values Across Jewell, Hamilton County, Iowa
Source: Ownwell
$86,690
$159,338
$231,985
Median Jewell Market Value
$157,050
Median Hamilton County Market Value
$127,340
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jewell, Hamilton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50130 | $62,194 | $102,130 | $157,050 | $247,220 | $356,096 |
Source: Ownwell
Property Tax Bills Across Jewell, Hamilton County, Iowa
In Jewell, located in Hamilton County, IA, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is based on the market value of the home, with the median home price in Jewell being $157,050. The tax rate is set by local taxing authorities and influences the final tax bill. Homeowners in Jewell experience a variety of tax bills, with the 25th percentile at $1,332, the 75th percentile at $3,136, and the 90th percentile reaching $4,484. The median tax bill in the area is $2,029, which is below the national median of $2,400.
High property taxes can significantly affect homeowners' finances, making it essential to explore ways to reduce these costs. Ownwell assists homeowners by identifying potential savings through appealing property tax assessments and securing exemptions. By leveraging expertise in local tax codes and regulations, Ownwell can help homeowners in Jewell lower their tax bills, ensuring they only pay their fair share.
Median Jewell Tax Bill
$2,029
Median Hamilton County Tax Bill
$1,946
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Jewell, Hamilton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50130 | $810 | $1,332 | $2,029 | $3,136 | $4,484 |
Source: Ownwell