--- title: "Iowa Property Tax Calculator (1.29% Effective Rate) | TaxWren" description: "Iowa homeowners pay a median $2,937 a year in property tax on a median home value of $227,300, an effective rate of 1.29%: the 9th highest of the 50 states and DC and 45% above the US rate of 0.89%. Estimate the property tax on any Iowa home." url: https://taxwren.com/property-tax-calculator/iowa --- 2026 tax year ยท updated Oct 15, 2026 # Iowa property tax calculator Iowa homeowners pay a median $2,937 a year in property tax on a median home value of $227,300, an effective rate of 1.29%: the 9th highest of the 50 states and DC and 45% above the US rate of 0.89%. ## Estimated property tax per year $2,937 $245 a month at 1.2921% - Median tax paid in Iowa: $2,937 - Median home value there: $227,300 - Same home at the US rate (0.8905%): $2,024 Before exemptions such as a homestead exemption. Rates from the American Community Survey 2024 1-year estimates. ## Iowa property tax by home value At the statewide effective rate of 1.29%, compared with the same home at the US rate. | Home value | Per year | Per month | At the US rate | | --- | --- | --- | --- | | $200,000 | $2,584 | $215 | $1,781 | | $300,000 | $3,876 | $323 | $2,672 | | $400,000 | $5,168 | $431 | $3,562 | | $500,000 | $6,461 | $538 | $4,453 | | $750,000 | $9,691 | $808 | $6,679 | | $1,000,000 | $12,921 | $1,077 | $8,905 | ## Iowa vs. neighboring states | State | Effective rate | Median tax | Median home value | | --- | --- | --- | --- | | [Illinois](/property-tax-calculator/illinois) | 1.92% | $5,399 | $280,700 | | [Nebraska](/property-tax-calculator/nebraska) | 1.42% | $3,739 | $263,100 | | Iowa | 1.29% | $2,937 | $227,300 | | [Wisconsin](/property-tax-calculator/wisconsin) | 1.25% | $3,680 | $294,700 | | [Minnesota](/property-tax-calculator/minnesota) | 1.02% | $3,501 | $344,600 | | [South Dakota](/property-tax-calculator/south-dakota) | 1.02% | $2,940 | $289,600 | | [Missouri](/property-tax-calculator/missouri) | 0.79% | $2,021 | $254,400 | ## What Iowa homeowners pay - Median yearly property tax: $2,937 (26th highest of 51); $3,113 for homes with a mortgage and $2,702 for homes without one. - Median value of an owner-occupied home: $227,300, so a typical home pays about $245 a month. - 958,213 owner-occupied homes in the survey estimate. - Other taxes: see the [Iowa income tax calculator](/income-tax-calculator/iowa); sales tax averages 6.94% with local taxes ([Iowa sales tax calculator](/sales-tax-calculator/iowa)). These are statewide medians. Your county, city and school district set the rates on your bill, and exemptions (such as a homestead exemption for your main home, or for seniors and veterans) can lower it. Check with your county assessor and the [Iowa revenue department](https://revenue.iowa.gov) for the rules that apply to you. Source: [US Census Bureau, American Community Survey](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/1YRData/acsdt1y2024-b25103.dat), American Community Survey 2024 1-year estimates (tables B25103 and B25077, owner-occupied homes). See our [methodology](/methodology). ## Iowa property tax FAQ ### What is the property tax rate in Iowa? The effective rate is 1.29% of home value: the median tax paid ($2,937) divided by the median home value ($227,300), from the American Community Survey 2024 1-year estimates. Actual rates are set by counties, cities and school districts and vary within the state. ### How much is property tax on a $300,000 house in Iowa? About $3,876 a year ($323 a month) at the statewide effective rate, before any exemptions you qualify for. ### Does Iowa have high property taxes? Iowa has the 9th highest effective property tax rate of the 50 states and DC (rank 9 of 51, 1 = highest) and the 26th highest median bill. ### Can I deduct Iowa property tax? On your federal return, yes, if you itemize: property tax counts toward the state and local tax (SALT) deduction, capped at $40,400 for 2026 together with your state income or sales tax. More for Iowa - [Iowa paycheck calculator](/take-home-pay-calculator/iowa) - [Iowa income tax calculator](/income-tax-calculator/iowa) - [Iowa sales tax calculator](/sales-tax-calculator/iowa) - [Property tax in every state](/property-tax-calculator)