Northwood, Winnebago County, Iowa Property Taxes

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

Median Northwood, IA effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Northwood, IA home value: $192,560
Median annual Northwood, IA tax bill: $1,654, $746 lower than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Northwood, Winnebago County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,714

$1,590

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

Property Tax Rates Across Northwood, Winnebago County, Iowa

Local government entities in Iowa set property tax rates, which can vary significantly across the state. Each year, counties like Worth 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 determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the general annual process.

In Northwood, located in Worth County, the effective property tax rate is a reflection of this process. When compared to other cities in Iowa, Northwood's rate can be quite different, as each county has unique budgetary needs and property values. The median property tax rate in Iowa is 1.29%, which is higher than the national median of 1.02%. Meanwhile, the median property tax bill in Iowa is $2,100, slightly below the national median of $2,400. Understanding these differences can help property owners in Northwood make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Northwood, Winnebago County, Iowa

Source: Ownwell

0.99%

1.30%

1.62%

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 Northwood Tax Rate

0.89%

Median Effective Winnebago County Tax Rate

1.42%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Northwood, Winnebago County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50459	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Northwood, Winnebago County, Iowa

When examining property taxes in Northwood, 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 Winnebago 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.

Assessment notices: In Winnebago 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 Northwood. For example, the median home price in Northwood is $192,560, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Northwood, Winnebago County, Iowa

Source: Ownwell

$37,100

$139,870

$242,640

Median Northwood Market Value

$192,560

Median Winnebago County Market Value

$124,390

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Northwood, Winnebago County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50459	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Northwood, Winnebago County, Iowa

In Northwood, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Northwood is $192,560, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Northwood typically see tax bills ranging from $1,526 at the 25th percentile to $1,870 at the 90th percentile, with the 75th percentile tax bill at $1,823. These figures highlight how property taxes can vary significantly within the area, affected by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Northwood's tax bills are relatively lower. However, homeowners can still benefit from ensuring their property is assessed accurately. Ownwell provides valuable assistance by reviewing assessments and identifying potential exemptions or errors that could lead to savings. By appealing inaccurate assessments, Ownwell helps homeowners reduce their property tax bills and alleviate financial burdens.

Property Tax Bills Across Northwood, Winnebago County, Iowa

Source: Ownwell

$436

$1,375

$2,314

Median Northwood Tax Bill

$1,654

Median Winnebago County Tax Bill

$1,770

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Northwood, Winnebago County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50459	N/A	N/A	N/A	N/A	N/A

Source: Ownwell