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Parnell, Iowa County, Iowa Property Taxes

  • Median Parnell, IA effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.

  • Median Parnell, IA home value: $141,835

  • Median annual Parnell, IA tax bill: $1,897, $503 lower than the national median property tax bill of $2,400.

How are property taxes in Iowa County calculated?

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

Last Updated March 1, 2025

Parnell, Iowa County, Iowa Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$2,160

$2,004

Ownwell’s Parnell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Parnell with just two data points.

By entering your property's estimated assessed value, our calculator applies Parnell’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 Iowa County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Parnell, Iowa 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.

In Parnell, Iowa County, the effective property tax rate is 1.30%. This rate is notably higher compared to the national median property tax rate of 1.02%. Despite this, within Iowa County, Parnell shares the same tax rate as other cities, indicating a uniform approach to property tax assessments across the region. While the national median property tax bill stands at $2,400, residents of Parnell might find their bills higher due to the elevated rate. Understanding these differences is crucial for property owners who are navigating property tax appeals or seeking exemptions. Comparing Parnell's property tax landscape to broader state and national contexts can provide valuable insights for homeowners looking to optimize their property tax obligations.

Property Tax Rates Across Parnell, Iowa County, Iowa

Source: Ownwell

1.18%

1.30%

1.42%

Our median effective property tax rate (tax bill Ă· 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 Parnell Tax Rate

1.30%

Our median effective property tax rate (tax bill Ă· 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 Iowa County Tax Rate

1.31%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Parnell, Iowa County, Iowa

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
523251.14%1.21%1.30%1.46%1.68%

Source: Ownwell

Property Tax Assessment Values Across Parnell, Iowa County, Iowa

When examining property taxes in Parnell, 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 Iowa 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 Iowa 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 Parnell.

For example, the median home price in Parnell is $141,835, with tax bills ranging significantly across the county. Zip code 52325 has the highest median home price at $141,835.

Property Tax Assessment Values Across Parnell, Iowa County, Iowa

Source: Ownwell

$84,760

$154,155

$223,550

Median Parnell Market Value

$166,140

Median Iowa County Market Value

$166,155

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Parnell, Iowa County, Iowa

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
52325$41,710$90,410$166,140$282,760$394,620

Source: Ownwell

Property Tax Bills Across Parnell, Iowa County, Iowa

In Parnell, located in Iowa County, IA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local assessor and reflects the estimated market value of the property. The tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in Parnell face a median property tax bill of $1,897, which is below the national median of $2,400. However, property tax bills can vary significantly, with the 25th percentile at $694 and the 90th percentile reaching $4,567. These variations depend on factors such as property location, size, and the local tax rate. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners secure a fairer tax bill, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Parnell, Iowa County, Iowa

Source: Ownwell

$860

$1,736

$2,612

Median Parnell Tax Bill

$2,395

Median Iowa County Tax Bill

$2,222

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Parnell, Iowa County, Iowa

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
52325$784$1,320$2,395$3,772$5,311

Source: Ownwell

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