Walford, Linn County, Iowa Property Taxes
Median Walford, IA effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Walford, IA home value: $255,150
Median annual Walford, IA tax bill: $4,396, $1,996 higher than the national median property tax bill of $2,400.
How are property taxes in Linn County calculated?
Property taxes in Walford, 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 Walford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Walford, Linn County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$4,363
$4,049
Ownwell’s Walford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walford with just two data points.
By entering your property's estimated assessed value, our calculator applies Walford’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 Linn County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Walford, Linn County, Iowa
Local government entities set tax rates, and these can vary significantly within a state. This is because each county annually estimates its required budget to provide services, then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Walford, located in Linn County, Iowa, the effective property tax rate is 1.71%. This rate is notably higher than the national median property tax rate of 1.02%, indicating a more substantial property tax burden for residents compared to the national average. When comparing Walford's rate to other cities within Iowa, it stands as both the highest and lowest median tax rate in the state, as the data indicates uniformity across the region. This suggests a consistent approach to property taxation within the area, which can be advantageous for residents seeking predictability in their tax obligations. Understanding these rates can help property owners in Walford make informed decisions about their real estate investments and financial planning.
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 Walford Tax Rate
1.71%
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 Linn County Tax Rate
1.84%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walford, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52351 | 1.68% | 1.70% | 1.71% | 1.72% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Walford, Linn County, Iowa
When examining property taxes in Walford, 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 Linn 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 Linn 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 Walford. For example, the median home price in Walford is $255,150, with tax bills ranging significantly across the county. The 52351 zip code has the highest median home price at $255,150.
Property Tax Assessment Values Across Walford, Linn County, Iowa
Source: Ownwell
$80,400
$218,200
$356,000
Median Walford Market Value
$255,150
Median Linn County Market Value
$173,500
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walford, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52351 | $209,800 | $228,325 | $255,150 | $290,150 | $321,500 |
Source: Ownwell
Property Tax Bills Across Walford, Linn County, Iowa
Median Walford Tax Bill
$4,396
Median Linn County Tax Bill
$3,328
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Walford, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52351 | $3,620 | $3,915 | $4,396 | $5,038 | $5,583 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Linn Tax Assessor | |
| Website | linn.iowaassessors.com |