Grinnell, Jasper County, Iowa Property Taxes

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

Median Grinnell, IA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Grinnell, IA home value: $236,650
Median annual Grinnell, IA tax bill: $2,840, $440 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper County calculated?

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

Last Updated March 1, 2025

Grinnell, Jasper County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,769

$2,569

Ownwell’s Grinnell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grinnell with just two data points. By entering your property's estimated assessed value, our calculator applies Grinnell’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 Jasper County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grinnell, Jasper 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. Grinnell in Jasper County, Iowa, has a property tax rate that aligns closely with the state median. This rate is slightly above the national median of 1.02%, highlighting the variability of property tax rates across the country. Comparing Grinnell’s effective property tax rate to other cities in Iowa and the national median can provide valuable insights for property owners. Understanding these differences is crucial for homeowners looking to manage their property tax liabilities effectively.

Property Tax Rates Across Grinnell, Jasper County, Iowa

Source: Ownwell

0.98%

1.40%

1.81%

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 Grinnell Tax Rate

1.17%

Median Effective Jasper County Tax Rate

1.61%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grinnell, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50112	1.06%	1.14%	1.17%	1.30%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Grinnell, Jasper County, Iowa

When examining property taxes in Grinnell, 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 Jasper County Assessor's Office 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 Jasper County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Grinnell. For example, the median home price in Grinnell is $236,650, with tax bills ranging significantly across the county. Zip code 50112 has the highest median home price at $236,650.

Property Tax Assessment Values Across Grinnell, Jasper County, Iowa

Source: Ownwell

$87,620

$186,145

$284,670

Median Grinnell Market Value

$236,650

Median Jasper County Market Value

$166,390

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grinnell, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50112	$92,540	$164,800	$236,650	$337,510	$444,300

Source: Ownwell

Property Tax Bills Across Grinnell, Jasper County, Iowa

In Grinnell, located in Jasper County, IA, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the local assessor and reflects the market value of the home. The tax rate is applied to this assessed value to calculate the annual property tax bill. In Grinnell, the median property tax bill is $2,840, which aligns closely with the national median of $2,400. However, depending on the property's value, tax bills can vary significantly, ranging from the 25th percentile at $1,984 to the 90th percentile at $5,239. These taxes can be a substantial financial burden for homeowners. Ownwell offers services to help homeowners reduce their property tax bills by appealing assessments and securing exemptions. By analyzing the assessed value and comparing it to market trends, Ownwell identifies opportunities for savings. Partnering with Ownwell can provide homeowners with the expertise needed to navigate the complexities of property taxes, potentially leading to significant financial relief.

Property Tax Bills Across Grinnell, Jasper County, Iowa

Source: Ownwell

$906

$2,117

$3,327

Median Grinnell Tax Bill

$2,840

Median Jasper County Tax Bill

$2,548

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Grinnell, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50112	$1,046	$1,984	$2,840	$4,044	$5,239

Source: Ownwell