Prairie City, Polk County, Iowa Property Taxes

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

Median Prairie City, IA effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Prairie City, IA home value: $242,695
Median annual Prairie City, IA tax bill: $3,304, $904 higher than the national median property tax bill of $2,400.

How are property taxes in Polk calculated?

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

Last Updated March 1, 2025

Prairie City, Polk County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$3,276

$3,040

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

Property Tax Rates Across Prairie City, Polk County, Iowa

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Prairie City’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. Prairie City, located in county 19153, has a property tax rate that residents might find higher than the national median of 1.02%. However, understanding the local government’s budgeting needs can provide clarity on why this rate is necessary. Comparing Prairie City to other areas in Iowa can offer a broader perspective on how tax rates align with local services and infrastructure needs. This insight can be valuable for homeowners seeking to appeal or understand their property tax assessments.

Property Tax Rates Across Prairie City, Polk County, Iowa

Source: Ownwell

1.33%

1.70%

2.06%

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 Prairie City Tax Rate

1.35%

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 Prairie City, Polk County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50228	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Prairie City, Polk County, Iowa

When examining property taxes in Prairie City, 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.

In Polk 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 Prairie City. For example, the median home price in Prairie City is $242,695, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Prairie City, Polk County, Iowa

Source: Ownwell

$2,050

$223,775

$445,500

Median Prairie City Market Value

$242,695

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 Prairie City, Polk County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50228	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Prairie City, Polk County, Iowa

In Prairie City, located in Polk County, IA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $242,695. Homeowners in Prairie City face a property tax bill that can vary significantly depending on their home's assessed value. For instance, the 25th percentile tax bill is $2,918, while the 75th percentile reaches $5,690, and the 90th percentile climbs to $7,264. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Various factors such as property improvements, location, and local tax rates influence the assessed value, ultimately affecting the tax bill. This is where Ownwell comes into play. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners in Prairie City potentially reduce their property tax bills. Through a thorough analysis and appeal process, homeowners can challenge their property's assessed value, leading to potential savings and financial relief.

Property Tax Bills Across Prairie City, Polk County, Iowa

Source: Ownwell

$28

$3,264

$6,500

Median Prairie City Tax Bill

$3,304

Median Polk County Tax Bill

$3,904

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Prairie City, Polk County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50228	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Polk Tax Assessor
Website	www.assess.co.polk.ia.us