Gladbrook, Marshall County, Iowa Property Taxes
Median Gladbrook, IA effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Gladbrook, IA home value: $166,840
Median annual Gladbrook, IA tax bill: $1,640, $760 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall County calculated?
Property taxes in Gladbrook, 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 Gladbrook’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gladbrook, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gladbrook, Marshall County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$1,785
$1,657
Property Tax Rates Across Gladbrook, Marshall County, Iowa
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 Gladbrook Tax Rate
1.07%
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 Marshall County Tax Rate
1.58%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gladbrook, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50635 | 0.72% | 0.83% | 1.07% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Gladbrook, Marshall County, Iowa
When examining property taxes in Gladbrook, 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 Marshall 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 Marshall 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 Gladbrook. For example, the median home price in Gladbrook is $166,840, with tax bills ranging significantly across the county. Zip code 50635 has the highest median home price at $166,840.
Property Tax Assessment Values Across Gladbrook, Marshall County, Iowa
Source: Ownwell
$31,865
$126,573
$221,280
Median Gladbrook Market Value
$166,840
Median Marshall County Market Value
$128,210
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gladbrook, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50635 | $137,966 | $148,720 | $166,840 | $242,390 | $283,634 |
Source: Ownwell
Property Tax Bills Across Gladbrook, Marshall County, Iowa
In Gladbrook, IA, located in Marshall County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $166,840, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property location, improvements, and market conditions can influence the assessed value. Homeowners in Gladbrook face a median property tax bill of approximately $1,640, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,356 and the 90th percentile reaching $3,261.
For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and help you file an appeal. This process can potentially lower your tax bill, ensuring you only pay what is fair and accurate.
Median Gladbrook Tax Bill
$1,640
Median Marshall County Tax Bill
$1,909
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Gladbrook, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50635 | $1,017 | $1,356 | $1,640 | $2,993 | $3,261 |
Source: Ownwell