Cumming, Polk County, Iowa Property Taxes
Median Cumming, IA effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Cumming, IA home value: $1,648,050
Median annual Cumming, IA tax bill: $34,290, $31,890 higher than the national median property tax bill of $2,400.
How are property taxes in Polk County calculated?
Property taxes in Cumming, 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 Cumming’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cumming, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cumming, Polk County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$19,612
$18,199
Property Tax Rates Across Cumming, Polk County, Iowa
Local government entities in Iowa set property tax rates, which can differ significantly across the state. Each year, counties like 19153 estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation determines the property tax rate for the area. While the process involves votes and legislative measures, this is the core of how property tax rates are established annually.
In Cumming, located in 19153, the effective property tax rate is a reflection of this process. When compared to other cities in Iowa, Cumming's rate provides insight into how local governance impacts property taxes. The median property tax rate in Iowa is 1.19%, which is above the national median of 1.02%. This comparison highlights the variability of property tax rates within the state and across the country. Understanding these differences can help property owners in Cumming make informed decisions about their property tax appeals and exemptions.
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 Cumming Tax Rate
1.19%
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 Polk County Tax Rate
1.69%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cumming, Polk County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50061 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cumming, Polk County, Iowa
When examining property taxes in Cumming, 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 Polk 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 Polk 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 Cumming.
For example, the median home price in Cumming is $1,648,050, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Cumming, Polk County, Iowa
Source: Ownwell
$2,050
$223,775
$445,500
Median Cumming Market Value
$1,648,050
Median Polk County Market Value
$231,500
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cumming, Polk County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50061 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cumming, Polk County, Iowa
In Cumming, Polk County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the tax bill. In Cumming, the tax bills vary significantly, with the 25th percentile at $19,094 and the 75th percentile reaching $35,428. This is considerably higher than the national median property tax bill of $2,400. Homeowners in this area face a significant financial burden due to these high property taxes.
Several factors influence the assessed value, including the property's market value, improvements made to the home, and comparable sales in the area. Given the high property tax bills in Cumming, homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners challenge their tax assessments, potentially reducing their tax bills and alleviating the financial strain associated with high property taxes in this region.
Median Cumming Tax Bill
$34,290
Median Polk County Tax Bill
$3,904
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Cumming, Polk County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50061 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell