Underwood, Pottawattamie County, Iowa Property Taxes
Median Underwood, IA effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Underwood, IA home value: $269,000
Median annual Underwood, IA tax bill: $3,796, $1,396 higher than the national median property tax bill of $2,400.
How are property taxes in Pottawattamie calculated?
Property taxes in Underwood, 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 Underwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Underwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Underwood, Pottawattamie County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.37%
Estimate Property Tax Bill
$3,685
$3,420
Ownwell’s Underwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Underwood with just two data points.
By entering your property's estimated assessed value, our calculator applies Underwood’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 Pottawattamie County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Underwood, Pottawattamie County, Iowa
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 Underwood Tax Rate
1.37%
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 Pottawattamie County Tax Rate
1.73%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Underwood, Pottawattamie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51576 | 1.21% | 1.25% | 1.37% | 1.64% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Underwood, Pottawattamie County, Iowa
When examining property taxes in Underwood, 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 Pottawattamie 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 Pottawattamie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Underwood. For example, the median home price in Underwood is $269,000, with tax bills ranging significantly across the county. 51576 has the highest median home price at $269,000.
Property Tax Assessment Values Across Underwood, Pottawattamie County, Iowa
Source: Ownwell
$114,500
$204,725
$294,950
Median Underwood Market Value
$269,000
Median Pottawattamie County Market Value
$173,400
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Underwood, Pottawattamie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51576 | $139,590 | $189,400 | $269,000 | $351,925 | $449,270 |
Source: Ownwell
Property Tax Bills Across Underwood, Pottawattamie County, Iowa
In Underwood, located in Pottawattamie County, IA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. The median home price in Underwood is $269,000, which influences the tax amount. Homeowners in this area can expect tax bills ranging from the 25th percentile at $2,676 to the 90th percentile at $6,162. Compared to the national median property tax bill of $2,400, Underwood's tax bills can be significantly higher, impacting homeowners' finances.
Ownwell offers services to help homeowners in Underwood potentially lower their property tax bills by appealing incorrect assessments or identifying available exemptions. By leveraging local expertise and understanding specific county regulations, Ownwell can effectively assist homeowners in reducing their financial burden, ensuring they pay only what is fair based on their property's true assessed value.
Median Underwood Tax Bill
$3,796
Median Pottawattamie County Tax Bill
$2,932
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Underwood, Pottawattamie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51576 | $1,934 | $2,676 | $3,796 | $5,074 | $6,162 |
Source: Ownwell