Marcus, Plymouth County, Iowa Property Taxes

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

Median Marcus, IA effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Marcus, IA home value: $351,985
Median annual Marcus, IA tax bill: $3,863, $1,463 higher than the national median property tax bill of $2,400.

How are property taxes in Plymouth calculated?

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

Last Updated March 1, 2025

Marcus, Plymouth County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$4,057

$3,765

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

Property Tax Rates Across Marcus, Plymouth County, Iowa

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Marcus’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. In Marcus, located in Plymouth County, the property tax rate is slightly above the national median. When compared to the U.S. median property tax rate of 1.02%, Marcus shows a marginal increase, reflecting the local government's budget requirements and property values. This means property owners in Marcus might pay a little more than the average American homeowner. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Marcus, Plymouth County, Iowa

Source: Ownwell

0.74%

1.08%

1.42%

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 Marcus Tax Rate

1.04%

Median Effective Plymouth County Tax Rate

1.11%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marcus, Plymouth County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
51035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Marcus, Plymouth County, Iowa

When examining property taxes in Marcus, 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 Plymouth 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.

In Plymouth 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 Marcus. For example, the median home price in Marcus is $351,985, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Marcus, Plymouth County, Iowa

Source: Ownwell

$152,535

$284,363

$416,190

Median Marcus Market Value

$390,075

Median Plymouth County Market Value

$218,040

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marcus, Plymouth County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
51035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Marcus, Plymouth County, Iowa

In Marcus, located in Plymouth County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Marcus is $351,985, and homeowners can expect a property tax bill ranging from $3,525 at the 25th percentile to $5,459 at the 90th percentile. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Marcus homeowners face higher tax bills, reflecting the local tax rate and property values.

Factors such as property location, size, and market conditions influence the assessed value, affecting the tax bill. For homeowners, these taxes represent a significant annual expense. Ownwell can assist by reviewing assessments, identifying potential exemptions, and filing appeals to reduce over-assessed values. By leveraging expertise in property tax laws, Ownwell helps homeowners in Marcus potentially lower their tax obligations, ensuring they only pay their fair share.

Property Tax Bills Across Marcus, Plymouth County, Iowa

Source: Ownwell

$1,167

$2,458

$3,748

Median Marcus Tax Bill

$4,167

Median Plymouth County Tax Bill

$2,374

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Marcus, Plymouth County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
51035	N/A	N/A	N/A	N/A	N/A

Source: Ownwell