Iowa Property Tax (2026)

Info: Iowa has no statewide property tax; it is levied locally on the taxable value of real property.

InfoVerified Jul 7, 2026

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Iowa has no statewide property tax; it is levied locally on the taxable value of real property. Property is assessed at 100% of market value (agricultural realty is valued on productivity); a statewide rollback can set taxable value below assessed value. Rates are a local composite of county, city, school-district, and special levies, expressed in dollars per $1,000 of taxable value.

Official source: revenue.iowa.gov →

General legal information, not legal advice — verify important decisions with a licensed attorney.

Property Tax in states bordering Iowa

The same rule in each neighboring state LawLert has verified, from that state’s own official source.

IllinoisInfo
Illinois property tax is not administered by the state — it is assessed and managed locally by cities, counties, townships, and taxing districts. Local officials set assessed values and tax rates, so effective property-tax rates vary widely by locality; contact your local county officials for specifics.
Verified Jul 11, 2026 · Source: tax.illinois.gov · Full Illinois rule →
MinnesotaInfo
Property tax is administered locally by counties, not the state. Local governments (county, city or town, school district) each set a levy, and your bill is based on your property's assessed market value and classification, so effective rates vary widely by location.
Verified Jul 14, 2026 · Source: revenue.state.mn.us · Full Minnesota rule →
MissouriInfo
Property tax is assessed and collected locally. County assessors set your property's market value, apply a classification percentage to reach assessed value (19% for residential), then local taxing districts apply their levies, so rates vary by county and district.
Verified Jul 14, 2026 · Source: stc.mo.gov · Full Missouri rule →
NebraskaInfo
Property tax is levied locally: county assessors value real property at about 100% of actual value (75% for agricultural land), and local subdivisions (counties, schools, cities) set the rates, so bills vary by tax district.
Verified Jul 16, 2026 · Source: revenue.nebraska.gov · Full Nebraska rule →
South DakotaInfo
South Dakota collects no state property tax; the county Director of Equalization assesses property at full-and-true (market) value, which is equalized to 85% to set taxable value, and local taxing jurisdictions apply levies (dollars per thousand of taxable value). Owner-occupied homes get a reduced rate, and assessment-freeze/relief programs exist for the elderly and disabled.
Verified Jul 18, 2026 · Source: dor.sd.gov · Full South Dakota rule →
WisconsinInfo
Wisconsin's primary local tax: municipal assessors value most property at market value as of Jan 1 (the state assesses manufacturing property and equalizes values across municipalities), and school districts, municipalities, counties, technical colleges and special districts levy on it. School-levy, lottery-and-gaming (primary residence) and first-dollar credits reduce bills; municipal and county levy growth is generally limited to net new construction.
Verified Jul 19, 2026 · Source: revenue.wi.gov · Full Wisconsin rule →

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