Montgomery County, Iowa Property Taxes
Property Taxes in Montgomery County, Iowa
Median Montgomery County effective property tax rate: 1.96%, significantly higher than the national median of 1.02%.
Median Montgomery County home value: $97,500
Median annual Montgomery County tax bill: $1,884, lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery County calculated?
Property taxes in Montgomery County 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.
Why are property taxes in Montgomery County important to understand?
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Montgomery County or another part of Montgomery County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Montgomery County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.96%
Estimate Property Tax Bill
$1,911
$1,773
How Does the Montgomery County Property Tax Calculator Work?
Use this Montgomery County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Montgomery County's median effective tax rate of 1.96% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone. Montgomery County's median effective tax rate is higher than the Iowa median of 1.55% and above the national median property tax rate of 1.02%.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. The county's median property tax bill is $1,884, which is $516 lower than the Iowa median and below the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Montgomery County.
Property Tax Rates Across Montgomery County, Iowa
What Are Effective Property Tax Rates Across Montgomery County?
Local government entities set tax rates, which vary widely across Montgomery County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Montgomery County's effective property tax rate to other counties in Iowa or the U.S. median of 1.02%.
Montgomery County's median effective rate stands at 1.96%, which is higher than the national median of 1.02%. Within Montgomery County, the highest rate is found in Grant at 2.22%, while Henderson has the lowest at 1.54%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Montgomery County Tax Rate
1.96%
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 Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montgomery County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elliott | 1.36% | 1.47% | 1.84% | 2.15% | 2.15% |
| Emerson | 1.40% | 1.46% | 1.54% | 1.74% | 1.88% |
| Grant | 0.90% | 1.71% | 2.22% | 2.23% | 2.24% |
| Henderson | 1.26% | 1.45% | 1.54% | 1.68% | 1.88% |
| Red Oak | 1.47% | 1.77% | 2.07% | 2.25% | 2.25% |
| Stanton | 1.28% | 1.40% | 1.58% | 1.77% | 1.77% |
| Villisca | 1.37% | 1.52% | 1.88% | 2.19% | 2.19% |
| Corning | N/A | N/A | N/A | N/A | N/A |
| Essex | N/A | N/A | N/A | N/A | N/A |
| Imogene | N/A | N/A | N/A | N/A | N/A |
| Macedonia | N/A | N/A | N/A | N/A | N/A |
| Nodaway | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Montgomery County, Iowa
When examining property taxes in Montgomery County, 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 Montgomery 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 Montgomery 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 Montgomery County.
For example, the median tax bill in Montgomery County is $1,884, with tax bills ranging significantly across the county. Henderson has the highest median home price at $186,405.
Median Montgomery County Market Value
$97,500
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montgomery County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elliott | $7,980 | $32,570 | $88,430 | $137,720 | $228,410 |
| Emerson | $52,528 | $126,775 | $175,075 | $229,458 | $345,361 |
| Grant | $2,431 | $4,980 | $16,115 | $33,762 | $48,791 |
| Henderson | $81,183 | $127,658 | $186,405 | $240,615 | $307,281 |
| Red Oak | $19,396 | $51,458 | $100,135 | $163,392 | $250,144 |
| Stanton | $29,702 | $78,255 | $130,610 | $198,825 | $300,389 |
| Villisca | $8,305 | $28,068 | $71,700 | $130,320 | $205,655 |
| Corning | N/A | N/A | N/A | N/A | N/A |
| Essex | N/A | N/A | N/A | N/A | N/A |
| Imogene | N/A | N/A | N/A | N/A | N/A |
| Macedonia | N/A | N/A | N/A | N/A | N/A |
| Nodaway | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Montgomery County, Iowa
Property tax bills in Montgomery County, Iowa are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then used to determine how much tax a homeowner owes to local taxing authorities, including schools, county services, and other public needs.
For a county with a median home price of $97,500, the tax bill can vary widely depending on location, property characteristics, and any exemptions that may apply. In Montgomery County, the 25th percentile tax bill is $916, while the 75th percentile is $2,982 and the 90th percentile reaches $4,510. The highest median tax bill is $2,886 in Emerson, compared with the lowest median tax bill of $262 in Grant.
Because property taxes are tied to assessed value, homeowners with higher-valued homes or fewer exemptions often pay more. This makes understanding how the bill is calculated important for budgeting and for spotting when a property tax appeal may be worthwhile.
Median Montgomery County Tax Bill
$1,884
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Montgomery County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Elliott | $199 | $690 | $1,638 | $2,650 | $3,400 |
| Emerson | $708 | $1,922 | $2,886 | $3,719 | $5,739 |
| Grant | $48 | $101 | $262 | $510 | $1,020 |
| Henderson | $1,310 | $1,826 | $2,879 | $3,868 | $4,610 |
| Red Oak | $418 | $1,048 | $2,002 | $3,155 | $4,832 |
| Stanton | $566 | $1,257 | $2,090 | $3,165 | $4,734 |
| Villisca | $208 | $584 | $1,316 | $2,350 | $3,514 |
| Corning | N/A | N/A | N/A | N/A | N/A |
| Essex | N/A | N/A | N/A | N/A | N/A |
| Imogene | N/A | N/A | N/A | N/A | N/A |
| Macedonia | N/A | N/A | N/A | N/A | N/A |
| Nodaway | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | beacon.schneidercorp.com |