Sheldon, Osceola County, Iowa Property Taxes

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

Median Sheldon, IA effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Sheldon, IA home value: $162,250
Median annual Sheldon, IA tax bill: $596, $1,804 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola County calculated?

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

Last Updated March 1, 2025

Sheldon, Osceola County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$600

$557

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

Property Tax Rates Across Sheldon, Osceola County, Iowa

Local government entities determine tax rates, which can vary significantly within a state. Each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legal processes, this is the fundamental annual procedure.

In Sheldon, located in Osceola County, Iowa, the effective property tax rate is notably lower than both the state and national medians. With Iowa's median property tax rate at 1.43%, Sheldon's rate stands out as particularly favorable. Compared to the national median property tax rate of 1.02%, Sheldon's rate is a clear advantage for property owners. This lower rate can significantly ease the financial burden on homeowners, making Sheldon an attractive option for those seeking a community with a lower property tax obligation. By choosing Sheldon, residents benefit from reduced property tax bills, allowing more financial flexibility while still enjoying the services and amenities provided by the local government.

Property Tax Rates Across Sheldon, Osceola County, Iowa

Source: Ownwell

0.92%

1.13%

1.34%

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 Sheldon Tax Rate

0.37%

Median Effective Osceola County Tax Rate

1.21%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sheldon, Osceola County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
51201	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sheldon, Osceola County, Iowa

When examining property taxes in Sheldon, 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 Osceola 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 Osceola 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 Sheldon.

For example, the median home price in Sheldon is $162,250, with tax bills ranging significantly across the county. 51201 has the highest median home price at $162,250.

Property Tax Assessment Values Across Sheldon, Osceola County, Iowa

Source: Ownwell

$16,340

$87,140

$157,940

Median Sheldon Market Value

$162,250

Median Osceola County Market Value

$99,340

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sheldon, Osceola County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
51201	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sheldon, Osceola County, Iowa

In Sheldon, located in Osceola County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Sheldon is $162,250, with a consistent property tax bill of $596 across various percentiles, significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the local tax rate, which is below the national median of 1.02%. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Sheldon may find relief through Ownwell's services, which specialize in property tax appeals and exemptions. By leveraging local expertise and data-driven insights, Ownwell can identify opportunities for homeowners to reduce their assessed values, potentially lowering their property tax bills and providing significant savings.

Property Tax Bills Across Sheldon, Osceola County, Iowa

Source: Ownwell

$280

$986

$1,692

Median Sheldon Tax Bill

$596

Median Osceola County Tax Bill

$1,157

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Sheldon, Osceola County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
51201	N/A	N/A	N/A	N/A	N/A

Source: Ownwell