Humboldt, Humboldt County, Iowa Property Taxes
Median Humboldt, IA effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Humboldt, IA home value: $138,740
Median annual Humboldt, IA tax bill: $2,378, $22 lower than the national median property tax bill of $2,400.
How are property taxes in Humboldt calculated?
Property taxes in Humboldt, 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 Humboldt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Humboldt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Humboldt, Humboldt County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.67%
Estimate Property Tax Bill
$2,317
$2,150
Property Tax Rates Across Humboldt, Humboldt County, Iowa
Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county calculates its necessary budget to fund public services and divides this by the total assessed value of all taxable property in its area. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the annual procedure in essence.
In Humboldt, IA, the effective property tax rate is 1.67%, which is notably higher than the national median of 1.02%. This means that property owners in Humboldt contribute a larger portion of their property's assessed value in taxes compared to the national average. When considering property tax bills, the higher rate can lead to a more substantial financial obligation for homeowners in Humboldt. In contrast to other cities in Iowa, Humboldt's rate stands out, highlighting the importance of understanding local tax dynamics. Comparing Humboldt's property tax rate to the state and national medians provides valuable insight into the financial landscape for property owners in the area.
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 Humboldt Tax Rate
1.67%
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 Humboldt County Tax Rate
1.56%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Humboldt, Humboldt County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50548 | 1.16% | 1.49% | 1.67% | 1.75% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Humboldt, Humboldt County, Iowa
When examining property taxes in Humboldt, 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 Humboldt 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 Humboldt 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 Humboldt.
For example, the median home price in Humboldt is $138,740, with tax bills ranging significantly across the county. Zip code 50548 has the highest median home price at $138,740.
Property Tax Assessment Values Across Humboldt, Humboldt County, Iowa
Source: Ownwell
$60,380
$112,245
$164,110
Median Humboldt Market Value
$138,740
Median Humboldt County Market Value
$109,820
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Humboldt, Humboldt County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50548 | $2,317 | $87,160 | $138,740 | $222,430 | $349,912 |
Source: Ownwell
Property Tax Bills Across Humboldt, Humboldt County, Iowa
In Humboldt, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Humboldt is $138,740, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Humboldt experience a range of tax bills, with the 25th percentile at $1,624 and the 75th percentile reaching $3,676. The 90th percentile can see tax bills as high as $5,634. Compared to the national median property tax bill of $2,400, Humboldt's tax bills can be significantly higher for some homeowners.
Ownwell helps homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing the assessed value and comparing it with market trends, Ownwell identifies opportunities for reductions. This can lead to substantial savings, ensuring homeowners only pay their fair share.
Median Humboldt Tax Bill
$2,378
Median Humboldt County Tax Bill
$1,846
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Humboldt, Humboldt County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50548 | $1,041 | $1,624 | $2,378 | $3,676 | $5,634 |
Source: Ownwell