Otho, Webster County, Iowa Property Taxes
Median Otho, IA effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Otho, IA home value: $85,220
Median annual Otho, IA tax bill: $1,158, $1,242 lower than the national median property tax bill of $2,400.
How are property taxes in Webster County calculated?
Property taxes in Otho, 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 Otho’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Otho, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Otho, Webster County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$1,185
$1,099
Property Tax Rates Across Otho, Webster County, Iowa
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county estimates its required budget annually 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 there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Otho, located in Webster County, Iowa, the effective property tax rate is 1.39%, which is higher than the national median of 1.02%. This places Otho among the cities with the highest property tax rates in Iowa. The median property tax rate in Iowa aligns with Otho's rate, highlighting a consistency across the state. When compared to the national median property tax bill of $2,400, residents in Otho might find themselves facing higher property taxes. This comparison underscores the importance of understanding local tax rates, as they can significantly impact property owners' financial obligations.
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 Otho Tax Rate
1.39%
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 Webster County Tax Rate
1.86%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Otho, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50569 | 0.98% | 1.25% | 1.39% | 1.58% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Otho, Webster County, Iowa
When examining property taxes in Otho, 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 Webster 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 Webster 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 Otho.
For example, the median home price in Otho is $85,220, with tax bills ranging significantly across the county. Zip code 50569 has the highest median home price at $85,220.
Property Tax Assessment Values Across Otho, Webster County, Iowa
Source: Ownwell
$64,475
$166,513
$268,550
Median Otho Market Value
$85,220
Median Webster County Market Value
$94,900
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Otho, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50569 | $20,667 | $51,992 | $85,220 | $147,965 | $213,023 |
Source: Ownwell
Property Tax Bills Across Otho, Webster County, Iowa
Median Otho Tax Bill
$1,158
Median Webster County Tax Bill
$1,626
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Otho, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50569 | $316 | $720 | $1,158 | $1,872 | $2,614 |
Source: Ownwell