Williamsburg, Iowa County, Iowa Property Taxes

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

Median Williamsburg, IA effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median Williamsburg, IA home value: $201,990. Median annual Williamsburg, IA tax bill: $2,900, $500 higher than the national median property tax bill of $2,400.

How are property taxes in Iowa calculated?

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

Last Updated March 1, 2025

Williamsburg, Iowa County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$2,909

$2,699

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

Local government entities set tax rates, which can vary widely within a state. 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. Below, you can compare Williamsburg’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. Williamsburg, located in Iowa County, has a median property tax rate of 1.44%, which is notably higher than the national median of 1.02%. This places Williamsburg among the higher property tax areas in the state, with Iowa County reflecting the same rate. In contrast, the national median property tax bill is $2,400, and Williamsburg's rate indicates a potentially higher property tax bill for homeowners. This comparison highlights the importance of understanding local property tax rates and how they can impact your overall tax burden.

Property Tax Rates Across Williamsburg, Iowa County, Iowa

Source: Ownwell

0.97%

1.31%

1.65%

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 Williamsburg Tax Rate

1.44%

Median Effective Iowa County Tax Rate

1.36%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Williamsburg, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52361	1.13%	1.22%	1.44%	1.53%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Williamsburg, Iowa County, Iowa

When examining property taxes in Williamsburg, 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 Williamsburg. For example, the median home price in Williamsburg is $201,990, with tax bills ranging significantly across the county. Zip code 52361 has the highest median home price at $201,990.

Property Tax Assessment Values Across Williamsburg, Iowa County, Iowa

Source: Ownwell

$47,930

$154,665

$261,400

Median Williamsburg Market Value

$201,990

Median Iowa County Market Value

$157,090

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Williamsburg, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52361	$57,844	$136,360	$201,990	$285,265	$380,494

Source: Ownwell

Property Tax Bills Across Williamsburg, Iowa County, Iowa

In Williamsburg, Iowa, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $201,990, homeowners can expect varied tax bills depending on their property's assessed value and the specific tax rate applied. The 25th percentile tax bill is $1,921, while the 75th percentile reaches $3,899, and the 90th percentile climbs to $4,991. These figures highlight the significant range of tax burdens homeowners may face, with some paying considerably more than the national median property tax bill of $2,400.

Homeowners can feel the strain of these taxes, especially when bills exceed national averages. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By analyzing each property's assessed value and ensuring it aligns accurately with market conditions, Ownwell helps homeowners potentially reduce their tax bills. This not only alleviates financial pressure but ensures homeowners are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Williamsburg, Iowa County, Iowa

Source: Ownwell

$576

$1,968

$3,360

Median Williamsburg Tax Bill

$2,900

Median Iowa County Tax Bill

$2,134

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Williamsburg, Iowa County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52361	$605	$1,921	$2,900	$3,899	$4,991

Source: Ownwell