Montgomery County, Iowa Property Taxes
Census Bureau ACS property tax data for Iowa. Population: 3,300.
The median annual property tax in Montgomery County is $1,968, which is 9% lower than the Iowa state average and 2% above the national average. The effective tax rate is 1.79% on a median home value of $109,900. Property taxes represent 3.1% of the median household income in this county.
Median Annual Tax
$1,968
-9% vs State
+2% vs US
Median Home Value
$109,900
-32% vs State
-48% vs US
Effective Tax Rate
1.79%
+34% vs State
+88% vs US
With vs Without Mortgage
With Mortgage
$2,015
$168/mo
Without Mortgage
$1,910
$159/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 | $1,968 +5.9% | 1.79% |
| 2022 | $1,858 +8.8% | 1.87% |
| 2021 | $1,708 +13.3% | 1.94% |
| 2020 | $1,508 -2.0% | 1.77% |
| 2019 | $1,539 | 1.80% |
Tax Burden
Tax-to-Income Ratio
3.1%
of median household income
Median Income
$63,190
per year
Monthly Tax
$164
per month
Other Counties in Iowa
Henry County
Tax: $2,394/yr Rate: 1.61%
Fayette County
Tax: $1,721/yr Rate: 1.32%
Allamakee County
Tax: $2,103/yr Rate: 1.22%
Story County
Tax: $3,586/yr Rate: 1.47%
Clarke County
Tax: $2,335/yr Rate: 1.46%
Palo Alto County
Tax: $1,471/yr Rate: 1.23%
Frequently Asked Questions
What is the average property tax in Montgomery County, Iowa? ▼
The median annual property tax in Montgomery County is $1,968 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.79% on a median home value of $109,900.
How does Montgomery County property tax compare to the national average? ▼
Property taxes in Montgomery County are 2% above the national average of $1,923. The effective rate of 1.79% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Montgomery County? ▼
In Montgomery County, homeowners with a mortgage pay a median of $2,015 in annual property taxes, while homeowners without a mortgage pay $1,910. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Montgomery County? ▼
Property taxes in Montgomery County represent approximately 3.1% of the median household income of $63,190. 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.