Northwood, Worth County, Iowa Property Taxes

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

Median Northwood, IA effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Northwood, IA home value: $141,953
Median annual Northwood, IA tax bill: $1,702, $698 lower than the national median property tax bill of $2,400.

How are property taxes in Worth County 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, Worth County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,789

$1,660

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

Property Tax Rates Across Northwood, Worth County, Iowa

Local government entities set property tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. In Northwood, located in Worth County, Iowa, the effective property tax rate stands at 1.26%, which is higher than the national median of 1.02%. This rate is also the highest and lowest within the zip code 50459, indicating a uniformity in tax rates across this area. Compared to the national median property tax bill of $2,400, residents in Northwood may find their tax bills to be relatively higher, reflecting the local government's budgetary needs and property valuations. While votes and laws play a role in setting these rates and budgets, this annual process is essential for maintaining public services and infrastructure. By understanding these rates, residents can better anticipate their financial obligations and participate in local governance.

Property Tax Rates Across Northwood, Worth County, Iowa

Source: Ownwell

0.82%

1.11%

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 Northwood Tax Rate

1.26%

Median Effective Worth County Tax Rate

1.17%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Northwood, Worth County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50459	0.85%	1.00%	1.26%	1.44%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Northwood, Worth County, Iowa

When examining property taxes in Northwood, 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 Worth 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.

Assessment notices: In Worth 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 $141,953, with tax bills ranging significantly across the county. Zip code 50459 has the highest median home price at $141,953.

Property Tax Assessment Values Across Northwood, Worth County, Iowa

Source: Ownwell

$103,318

$162,373

$221,427

Median Northwood Market Value

$141,953

Median Worth County Market Value

$133,156

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Northwood, Worth County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50459	$64,031	$95,694	$141,953	$209,455	$285,868

Source: Ownwell

Property Tax Bills Across Northwood, Worth County, Iowa

In Northwood, located in Worth County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $141,953, homeowners face a range of tax bills, from the 25th percentile at $1,248 to the 90th percentile at $3,193. The median tax bill in Northwood is $1,702, which is below the national median property tax bill of $2,400. This suggests that while the tax rate might be competitive, the assessed values and local levies significantly impact the final bill. Homeowners must consider factors such as local government budgets and school funding needs, which can influence tax rates. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By analyzing assessments and identifying discrepancies, Ownwell can assist in lowering the financial burden on homeowners, ensuring they pay only their fair share.

Property Tax Bills Across Northwood, Worth County, Iowa

Source: Ownwell

$1,242

$1,576

$1,909

Median Northwood Tax Bill

$1,702

Median Worth County Tax Bill

$1,502

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Northwood, Worth County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50459	$872	$1,248	$1,702	$2,337	$3,193

Source: Ownwell