Walcott, Muscatine County, Iowa Property Taxes

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

Median Walcott, IA effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median Walcott, IA home value: $276,580. Median annual Walcott, IA tax bill: $3,934, $1,534 higher than the national median property tax bill of $2,400.

How are property taxes in Muscatine County calculated?

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

Last Updated March 1, 2025

Walcott, Muscatine County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$3,872

$3,593

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

Property Tax Rates Across Walcott, Muscatine County, Iowa

Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county calculates its budget needs annually to provide essential services and then divides that amount by the total value of all taxable properties within its borders. This calculation determines the property tax rate for the year. While the process involves votes and legislation, this is the basic annual routine.

In Walcott, located in Muscatine County, the effective property tax rate is a reflection of this process. When compared to other cities in Iowa, Walcott's rate can offer insight into how local budgets and property values influence tax obligations. The median property tax rate in Iowa is 1.40%, which is higher than the national median of 1.02%. This comparison highlights how Walcott's property taxes align with broader state and national trends. Understanding these rates can help property owners make informed decisions about their tax responsibilities and potential savings through appeals or exemptions.

Property Tax Rates Across Walcott, Muscatine County, Iowa

Source: Ownwell

1.16%

1.44%

1.72%

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 Walcott Tax Rate

1.40%

Median Effective Muscatine County Tax Rate

1.67%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Walcott, Muscatine County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52773	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Walcott, Muscatine County, Iowa

When examining property taxes in Walcott, IA, 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 Muscatine County appraisal district 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 Muscatine 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 Walcott. For example, the median home price in Walcott is $276,580, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Walcott, Muscatine County, Iowa

Source: Ownwell

$64,010

$186,443

$308,875

Median Walcott Market Value

$276,580

Median Muscatine County Market Value

$148,385

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Walcott, Muscatine County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52773	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Walcott, Muscatine County, Iowa

In Walcott, located in Muscatine County, IA, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, and this figure is used to calculate the tax bill. Various factors, such as property improvements or changes in market conditions, can influence the assessed value. With a median home price of $276,580, homeowners in Walcott often face property tax bills that can be higher than the national median of $2,400. For instance, the 25th percentile tax bill is $3,265, while the 75th percentile reaches $4,300, and the 90th percentile can be as high as $5,008. These figures highlight the importance of ensuring an accurate assessment to avoid overpayment. Homeowners can benefit from Ownwell's expertise in property tax appeals, which helps identify discrepancies in assessed values and secure potential savings. By leveraging Ownwell's services, homeowners can effectively reduce their property tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Walcott, Muscatine County, Iowa

Source: Ownwell

$804

$2,314

$3,824

Median Walcott Tax Bill

$3,934

Median Muscatine County Tax Bill

$2,396

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Walcott, Muscatine County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52773	N/A	N/A	N/A	N/A	N/A

Source: Ownwell