Grinnell, Poweshiek County, Iowa Property Taxes

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

Median Grinnell, IA effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but equal to the Iowa state median of 1.54%.
Median Grinnell, IA home value: $177,560
Median annual Grinnell, IA tax bill: $2,608, $208 higher than the national median property tax bill of $2,400.

How are property taxes in Poweshiek calculated?

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

Last Updated March 1, 2025

Grinnell, Poweshiek County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.54%

Estimate Property Tax Bill

$2,734

$2,537

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

Property Tax Rates Across Grinnell, Poweshiek 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Grinnell, Poweshiek County, Iowa, the effective property tax rate is 1.54%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Iowa, Grinnell's rate is among the highest in the state. The local tax rate reflects the community's budgetary needs and the value of taxable properties within the region. It's essential for property owners in Grinnell to understand how their tax rates compare to both the state and national averages. By staying informed, homeowners can make better financial decisions and explore potential avenues for appealing or reducing their property tax liabilities.

Property Tax Rates Across Grinnell, Poweshiek County, Iowa

Source: Ownwell

0.97%

1.25%

1.54%

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 Grinnell Tax Rate

1.54%

Median Effective Poweshiek County Tax Rate

1.29%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grinnell, Poweshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50112	1.07%	1.38%	1.54%	1.62%	1.71%

Source: Ownwell

Property Tax Assessment Values Across Grinnell, Poweshiek County, Iowa

When examining property taxes in Grinnell, 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 Poweshiek County Assessor's Office 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 Poweshiek 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 Grinnell. For example, the median home price in Grinnell is $177,560, with tax bills ranging significantly across the county. Zip code 50112 has the highest median home price at $177,560.

Property Tax Assessment Values Across Grinnell, Poweshiek County, Iowa

Source: Ownwell

$105,310

$164,245

$223,180

Median Grinnell Market Value

$177,560

Median Poweshiek County Market Value

$172,525

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grinnell, Poweshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50112	$82,642	$119,730	$177,560	$246,380	$346,802

Source: Ownwell

Property Tax Bills Across Grinnell, Poweshiek County, Iowa

In Grinnell, located in Poweshiek County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Grinnell face a median tax bill of $2,608, which is slightly above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,798 and the 75th percentile reaching $3,598, indicating a diverse range of property values and tax rates within the region. Homeowners at the 90th percentile experience even higher bills, around $5,057, reflecting the impact of higher property values.

Ownwell can assist Grinnell homeowners in reducing their property tax bills by identifying potential discrepancies in property assessments and filing appeals on their behalf. By leveraging local market insights and expertise, Ownwell helps ensure that homeowners are not overpaying on their taxes, potentially saving them a significant amount of money annually.

Property Tax Bills Across Grinnell, Poweshiek County, Iowa

Source: Ownwell

$1,245

$1,927

$2,608

Median Grinnell Tax Bill

$2,608

Median Poweshiek County Tax Bill

$2,264

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Grinnell, Poweshiek County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50112	$1,202	$1,798	$2,608	$3,598	$5,057

Source: Ownwell