Mount Pleasant, Washington County, Iowa Property Taxes
Median Mount Pleasant, IA effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Mount Pleasant, IA home value: $158,000
Median annual Mount Pleasant, IA tax bill: $1,784, $616 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Mount Pleasant, 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 Mount Pleasant’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Pleasant, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Pleasant, Washington County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$1,864
$1,730
Property Tax Rates Across Mount Pleasant, Washington County, Iowa
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how the annual process unfolds.
In Mount Pleasant, located in Washington County, the effective property tax rate reflects the county's fiscal requirements and property values. When comparing Mount Pleasant’s tax rate to other cities in Iowa, you'll find that it aligns closely with the state's median tax rate. Iowa’s median property tax rate is slightly above the national median of 1.02%, indicating a higher-than-average tax burden. However, this is balanced by the services provided and the overall quality of life in the region. Understanding these dynamics is crucial for property owners considering tax appeal and exemption opportunities.
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 Mount Pleasant Tax Rate
1.18%
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 Washington County Tax Rate
1.51%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | 1.12% | 1.14% | 1.18% | 1.28% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
When examining property taxes in Mount Pleasant, 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 Washington 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 Washington 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 Mount Pleasant. For example, the median home price in Mount Pleasant is $158,000, with tax bills ranging significantly across the county. Zip code 52641 has the highest median home price at $158,000.
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
Source: Ownwell
$55,400
$147,950
$240,500
Median Mount Pleasant Market Value
$158,000
Median Washington County Market Value
$175,000
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $91,860 | $124,900 | $158,000 | $218,800 | $315,000 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Washington County, Iowa
Median Mount Pleasant Tax Bill
$1,784
Median Washington County Tax Bill
$2,626
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $1,181 | $1,490 | $1,784 | $3,064 | $3,826 |
Source: Ownwell