Kanawha, Wright County, Iowa Property Taxes
Median Kanawha, IA effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Kanawha, IA home value: $157,700
Median annual Kanawha, IA tax bill: $2,094, $306 lower than the national median property tax bill of $2,400.
How are property taxes in Wright calculated?
Property taxes in Kanawha, 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 Kanawha’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kanawha, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kanawha, Wright County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$1,971
$1,829
Property Tax Rates Across Kanawha, Wright County, Iowa
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While voting and legislation play a role in setting these rates and budgets, this is the core process.
In Kanawha, located in Wright County, Iowa, the effective property tax rate is a reflection of this process. When compared to other cities within Iowa, Kanawha’s tax rate provides insight into local fiscal strategies. The median property tax rate in Iowa stands at 1.25%, which is above the national median of 1.02%. This indicates that property owners in Kanawha and across Iowa may face higher property tax bills compared to the national average, as the median property tax bill in the U.S. is $2,400.
Understanding these local tax dynamics is crucial for property owners aiming to manage their tax liabilities effectively. By comparing Kanawha’s effective rate to state and national medians, residents can better navigate their financial planning and explore potential tax appeal 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 Kanawha Tax Rate
1.25%
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 Wright County Tax Rate
1.74%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kanawha, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50447 | 1.16% | 1.18% | 1.25% | 1.35% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Kanawha, Wright County, Iowa
When examining property taxes in Kanawha, 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 Wright 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 Wright County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Kanawha. For example, the median home price in Kanawha is $157,700, with tax bills ranging significantly across the county. Zip code 50447 has the highest median home price at $157,700.
Property Tax Assessment Values Across Kanawha, Wright County, Iowa
Source: Ownwell
$21,700
$92,225
$162,750
Median Kanawha Market Value
$157,700
Median Wright County Market Value
$98,800
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kanawha, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50447 | $90,100 | $113,600 | $157,700 | $232,400 | $310,660 |
Source: Ownwell
Property Tax Bills Across Kanawha, Wright County, Iowa
Median Kanawha Tax Bill
$2,094
Median Wright County Tax Bill
$1,678
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Kanawha, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50447 | $1,114 | $1,464 | $2,094 | $2,760 | $3,967 |
Source: Ownwell