Corydon, Wayne County, Iowa Property Taxes

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

Median Corydon, IA effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%. Median Corydon, IA home value: $95,450. Median annual Corydon, IA tax bill: $1,572, $828 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Corydon, Wayne County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$1,670

$1,550

Ownwell’s Corydon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Corydon with just two data points.

By entering your property's estimated assessed value, our calculator applies Corydon’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 Wayne County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Corydon, Wayne County, Iowa

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Corydon’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.

Property Tax Rates Across Corydon, Wayne County, Iowa

Source: Ownwell

1.37%

1.58%

1.80%

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 Corydon Tax Rate

1.75%

Median Effective Wayne County Tax Rate

1.58%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Corydon, Wayne County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50060	1.24%	1.38%	1.75%	2.02%	2.09%

Source: Ownwell

Property Tax Assessment Values Across Corydon, Wayne County, Iowa

When examining property taxes in Corydon, 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 Wayne 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 Wayne 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 Corydon.

For example, the median home price in Corydon is $95,450, with tax bills ranging significantly across the county. Zip code 50060 has the highest median home price at $95,450.

Property Tax Assessment Values Across Corydon, Wayne County, Iowa

Source: Ownwell

$26,690

$72,995

$119,300

Median Corydon Market Value

$95,450

Median Wayne County Market Value

$80,110

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Corydon, Wayne County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50060	$29,200	$52,850	$95,450	$149,915	$226,910

Source: Ownwell

Property Tax Bills Across Corydon, Wayne County, Iowa

In Corydon, Wayne 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 determine the annual tax bill. With a median home price of $95,450, homeowners in Corydon experience property tax bills that range significantly, from the 25th percentile at $872 to the 90th percentile at $3,591, reflecting the variability in assessed property values and tax rates. These figures show a broad spectrum of tax burdens, with some homeowners paying considerably more than the national median property tax bill of $2,400. This can significantly impact household finances, especially for those at the higher end of the spectrum. Ownwell can assist homeowners by identifying potential inaccuracies in property assessments and filing appeals to ensure fair taxation. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share and alleviate some financial pressure.

Property Tax Bills Across Corydon, Wayne County, Iowa

Source: Ownwell

$361

$1,028

$1,694

Median Corydon Tax Bill

$1,572

Median Wayne County Tax Bill

$1,272

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Corydon, Wayne County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50060	$495	$872	$1,572	$2,454	$3,591

Source: Ownwell