Victor, Iowa County, Iowa Property Taxes

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

Median VICTOR, IA effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median VICTOR, IA home value: $120,290. Median annual VICTOR, IA tax bill: $1,656, $744 lower than the national median property tax bill of $2,400.

How are property taxes in Iowa calculated?

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

Last Updated March 1, 2025

Victor, Iowa County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.42%

Estimate Property Tax Bill

$2,391

$2,219

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

Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county's annual budgetary needs, which are divided by the total value of all taxable properties in their jurisdiction to establish the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is essentially the yearly process.

Now, let's compare Victor's effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. Victor, located in Iowa County, has a median property tax rate of 1.40%, which aligns with the highest and lowest rates within the state. This rate is higher than the national median property tax rate of 1.02%. While Victor's tax rate may seem steep compared to the national average, it reflects the local government's budgetary requirements and the value of taxable properties in the area. Understanding these rates can help property owners in Victor make informed decisions about their property taxes and potential appeals.

Property Tax Rates Across Victor, Iowa County, Iowa

Source: Ownwell

1.18%

1.30%

1.42%

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 Victor Tax Rate

1.42%

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 Victor, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52347	1.12%	1.30%	1.42%	1.51%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Victor, Iowa County, Iowa

When examining property taxes in Victor, 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 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 Victor. For example, the median home price in Victor is $120,290, with tax bills ranging significantly across the county. Zip code 52347 has the highest median home price at $120,290.

Property Tax Assessment Values Across Victor, Iowa County, Iowa

Source: Ownwell

$84,760

$154,155

$223,550

Median Victor Market Value

$168,400

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 Victor, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52347	$61,172	$119,890	$168,400	$228,020	$306,678

Source: Ownwell

Property Tax Bills Across Victor, Iowa County, Iowa

In Victor, located in Iowa County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Victor, the median home price is $120,290, with property tax bills ranging from $1,121 at the 25th percentile to $3,032 at the 90th percentile. The median property tax bill in Victor is $1,656, which is lower than the national median of $2,400. Factors such as property size, location, and market conditions can influence the assessed value, impacting the overall tax bill. Homeowners in Victor can benefit from appealing their property tax assessments or applying for exemptions to reduce their tax burden. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially save money by ensuring their property is fairly assessed. By leveraging local market data and expertise, Ownwell can help homeowners navigate the complexities of property tax assessments and secure potential savings.

Property Tax Bills Across Victor, Iowa County, Iowa

Source: Ownwell

$860

$1,736

$2,612

Median Victor Tax Bill

$2,304

Median Iowa County Tax Bill

$2,222

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Victor, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52347	$988	$1,576	$2,304	$3,106	$4,346

Source: Ownwell