Plymouth, Mitchell County, Iowa Property Taxes

Local government entities in Plymouth set tax rates, which can vary widely across Iowa. Each year, Mitchell County estimates its required budget for services and divides that by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Plymouth's effective property tax rate can be compared to other cities in Iowa and the national median. Iowa's median property tax rate stands at 1.17%, which is above the national median of 1.02%. This means that property owners in Plymouth may experience higher property tax rates compared to the national average. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By appealing or seeking exemptions, property owners can potentially reduce their tax burdens.

With the right approach, property owners in Plymouth can navigate the complexities of property taxes and potentially lower their expenses, making it a financially savvy move in today's economy.

Homeowners in Plymouth, located in Mitchell County, IA, face property tax bills that are determined by the assessed value of their homes. The tax rate in this area is notably higher than the national median of 1.02%, leading to significant property tax bills. For instance, the tax bill at the 25th percentile is $3,917, while those at the 75th percentile pay around $4,874. The top 10% of property owners see bills as high as $4,935. These figures are considerably above the national median property tax bill of $2,400, reflecting the impact of the local tax rate and home values on homeowners' financial responsibilities.

Factors influencing these tax bills include the assessed value of a property, which is based on the market value of homes in Plymouth. Homeowners can find these costs burdensome, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their property tax bills, ensuring they pay only their fair share and alleviating some of the financial pressure associated with homeownership in this area.