What is the property tax rate in Polk County?

How are Polk County property taxes calculated?

Property is taxed on its assessed value. A property’s assessed value is the lower of its real market value or its maximum assessed value. Each year, the county assessor determines the property’s real market value and calculates its maximum assessed value.

What is the property tax rate in Des Moines Iowa?

Iowa Property Tax Rates

County Median Home Value Average Effective Property Tax Rate
Davis County $114,000 1.61%
Decatur County $76,800 1.76%
Delaware County $134,200 1.38%
Des Moines County $103,600 1.64%

How is property tax calculated?

Property taxes are calculated by taking the mill rate and multiplying it by the assessed value of your property. … The market value is then multiplied by an assessment rate to arrive at the assessed value.

How is monthly property tax calculated?

To calculate yours, simply multiply the assessed value of your home by the mill levy. That will give you an estimated amount of taxes you can expect to pay every year. So for example, if you determined the assessed value of your home to be $20,000 and your mill levy was .

What city in Iowa has the highest property taxes?

Property owners in Waterloo and in the Waterloo school district pay the fifth highest property tax rate overall when compared to Iowa’s 15 most populous cities.

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City Overall tax rate
Sioux City $ 42.85
Waterloo $ 42.69
Iowa City $ 40.75
Davenport $ 40.30

What counties in Iowa have the highest property taxes?

(Cite the Minnesota Taxpayers Association 50-state property study 2010.) Taking in account all the counties in the nation, Iowa can boast 10 of the largest counties (Linn, Johnson, Blackhawk and Polk included). These are in the top 10 percent nationwide for the highest tax or millage rate.

How can I lower my property taxes?

How To Lower Property Taxes: 7 Tips

  1. Limit Home Improvement Projects. …
  2. Research Neighboring Home Values. …
  3. See If You Qualify For Tax Exemptions. …
  4. Participate During Your Assessor’s Walkthrough. …
  5. Check Your Tax Bill For Inaccuracies. …
  6. Get A Second Opinion. …
  7. File A Tax Appeal.