Hancock County, Iowa Property Taxes
Census Bureau ACS property tax data for Iowa. Population: 3,782.
The median annual property tax in Hancock County is $1,541, which is 29% lower than the Iowa state average and 20% below the national average. The effective tax rate is 1.19% on a median home value of $129,300. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$1,541
-29% vs State
-20% vs US
Median Home Value
$129,300
-19% vs State
-39% vs US
Effective Tax Rate
1.19%
-11% vs State
+25% vs US
With vs Without Mortgage
With Mortgage
$1,665
$139/mo
Without Mortgage
$1,439
$120/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,541 +6.3% | 1.19% |
| 2022 | $1,449 +6.9% | 1.25% |
| 2021 | $1,355 +3.7% | 1.36% |
| 2020 | $1,307 +1.7% | 1.30% |
| 2019 | $1,285 | 1.26% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$70,212
per year
Monthly Tax
$128
per month
Other Counties in Iowa
Pottawattamie County
Tax: $2,961/yr Rate: 1.61%
Story County
Tax: $3,586/yr Rate: 1.47%
Marion County
Tax: $2,727/yr Rate: 1.29%
Taylor County
Tax: $1,329/yr Rate: 1.21%
Shelby County
Tax: $1,976/yr Rate: 1.27%
Benton County
Tax: $2,627/yr Rate: 1.32%
Frequently Asked Questions
What is the average property tax in Hancock County, Iowa? ▼
The median annual property tax in Hancock County is $1,541 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.19% on a median home value of $129,300.
How does Hancock County property tax compare to the national average? ▼
Property taxes in Hancock County are 20% below the national average of $1,923. The effective rate of 1.19% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Hancock County? ▼
In Hancock County, homeowners with a mortgage pay a median of $1,665 in annual property taxes, while homeowners without a mortgage pay $1,439. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Hancock County? ▼
Property taxes in Hancock County represent approximately 2.2% of the median household income of $70,212. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.