Runnells, Marion County, Iowa Property Taxes

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

Median Runnells, IA effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Runnells, IA home value: $237,490
Median annual Runnells, IA tax bill: $2,772, $372 higher than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

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

Last Updated March 1, 2025

Runnells, Marion County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$2,874

$2,667

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

Property Tax Rates Across Runnells, Marion County, Iowa

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their required budget for services and divide it by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this annual process remains consistent. In Runnells, located in Marion County, Iowa, the effective property tax rate is a reflection of this process. Compared to other cities in Iowa, Runnells' property tax rate aligns with the state's median rate of 1.21%, which is above the national median of 1.02%. This suggests that while property taxes in Runnells are higher than the national average, they are typical for Iowa. Homeowners in Runnells can expect property tax bills that are consistent with those in other parts of the state, indicating a stable local tax environment. Understanding these rates can help residents and potential homeowners make informed decisions about property investments in this area.

Property Tax Rates Across Runnells, Marion County, Iowa

Source: Ownwell

0.92%

1.29%

1.67%

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 Runnells Tax Rate

1.21%

Median Effective Marion County Tax Rate

1.40%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Runnells, Marion County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50237	1.10%	1.16%	1.21%	1.27%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Runnells, Marion County, Iowa

When examining property taxes in Runnells, 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 Marion 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. Assessment notices: In Marion 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 Runnells. For example, the median home price in Runnells is $237,490, with tax bills ranging significantly across the county. Zip code 50237 has the highest median home price at $237,490.

Property Tax Assessment Values Across Runnells, Marion County, Iowa

Source: Ownwell

$49,925

$161,023

$272,120

Median Runnells Market Value

$237,490

Median Marion County Market Value

$185,955

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Runnells, Marion County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50237	$57,144	$138,610	$237,490	$288,110	$379,350

Source: Ownwell

Property Tax Bills Across Runnells, Marion County, Iowa

In Runnells, located in Marion County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The median home price in this area is $237,490. Property taxes here are influenced by several factors, including the local tax rate and any applicable exemptions. Homeowners in Runnells experience tax bills ranging from the 25th percentile at $1,746 to the 90th percentile at $4,612. The median property tax bill in this region is $2,772, slightly above the national median of $2,400. This can pose a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners in Runnells by providing expert property tax appeal services, potentially lowering their tax bills. By reviewing assessments and identifying discrepancies, Ownwell ensures that homeowners pay only their fair share, helping them save money and alleviate the financial strain of high property taxes.

Property Tax Bills Across Runnells, Marion County, Iowa

Source: Ownwell

$592

$2,153

$3,714

Median Runnells Tax Bill

$2,772

Median Marion County Tax Bill

$2,660

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Runnells, Marion County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50237	$774	$1,746	$2,772	$3,508	$4,612

Source: Ownwell