Norwalk, Warren County, Iowa Property Taxes

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

Median Norwalk, IA effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Norwalk, IA home value: $280,200
Median annual Norwalk, IA tax bill: $4,492, $2,092 higher than the national median property tax bill of $2,400.

How are property taxes in Warren calculated?

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

Last Updated March 1, 2025

Norwalk, Warren County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.77%

Estimate Property Tax Bill

$4,960

$4,602

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

Property Tax Rates Across Norwalk, Warren County, Iowa

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Norwalk, located in Warren County, Iowa, the effective property tax rate stands at 1.77%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent across the county, making it both the highest and lowest median rate within the region. This suggests a uniform approach to property taxation in Warren County. When compared to other cities in Iowa, Norwalk's rate reflects the state's approach to funding public services through property taxation. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeal and exemption services.

Property Tax Rates Across Norwalk, Warren County, Iowa

Source: Ownwell

0.87%

1.35%

1.83%

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 Norwalk Tax Rate

1.77%

Median Effective Warren County Tax Rate

1.57%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norwalk, Warren County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50211	1.13%	1.38%	1.77%	1.89%	1.96%

Source: Ownwell

Property Tax Assessment Values Across Norwalk, Warren County, Iowa

When examining property taxes in Norwalk, Iowa, 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 Warren 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. In Warren 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 Norwalk. For example, the median home price in Norwalk is $280,200, with tax bills ranging significantly across the county. Zip code 50211 has the highest median home price at $280,200.

Property Tax Assessment Values Across Norwalk, Warren County, Iowa

Source: Ownwell

$65,800

$238,525

$411,250

Median Norwalk Market Value

$280,200

Median Warren County Market Value

$233,350

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Norwalk, Warren County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50211	$165,200	$203,625	$280,200	$398,600	$528,670

Source: Ownwell

Property Tax Bills Across Norwalk, Warren County, Iowa

In Norwalk, located in Warren County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the tax bill. The median home price in Norwalk is $280,200, and the property tax bill can vary significantly. For example, homeowners at the 25th percentile face tax bills around $3,388, while those at the 75th percentile see bills as high as $6,238. Some homeowners may even encounter tax bills up to $8,202, which can be a financial burden. These figures are considerably higher than the national median property tax bill of $2,400, highlighting the importance of managing these costs effectively. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can ensure their property is fairly assessed, potentially reducing their tax liabilities and easing the financial strain of high property taxes.

Property Tax Bills Across Norwalk, Warren County, Iowa

Source: Ownwell

$601

$3,834

$7,066

Median Norwalk Tax Bill

$4,492

Median Warren County Tax Bill

$3,534

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Norwalk, Warren County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50211	$2,700	$3,388	$4,492	$6,238	$8,202

Source: Ownwell