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Updated 2025 Tax Year

Taylor County
Property Tax Guide

Everything you need to know about property taxes in Taylor County, IA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by district combination - typically 2.5-4% of assessed value depending on school district and special taxing areas
Exemptions
5+ Available
Section 1

How Property Tax Works

Taylor County, Iowa operates under a property tax system that serves as the primary funding mechanism for essential local services including schools, county government operations, emergency services, and infrastructure maintenance. Property taxes in Taylor County are administered by the County Assessor's office, with the County Auditor determining levy rates based on budgets from various local taxing authorities. The assessment process begins January 1st of each assessment year, when the assessor determines assessed values and property classifications for individual parcels.

Property tax rates in Taylor County vary significantly by location within the county due to different combinations of special taxing districts, including school districts, rural services areas, and unified law enforcement districts. For the 2025 tax year, Taylor County is projecting a 10% increase in property tax rates compared to 2024, with the exact rates to be finalized by the County Board of Supervisors in the FY26 Max Levy Notice. The projected increase assumes a 10% increase in property values for comparison purposes. Actual tax bills will depend on your specific property location, assessed value, and applicable tax credits that require separate applications.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County GeneralVariesBasic county services and operations
School DistrictVariesLocal school district operations and facilities
Rural Services SupplementalVariesEnhanced services for rural areas
Unified Law EnforcementVariesCountywide law enforcement services
Additional LeviesVariesVoted levies on all taxable property

Note: These rates apply to the FY 2025-2026 levy year and are projected to increase by 10% from the previous year. Exact rates vary by specific taxing district combinations within Taylor County and will be finalized by the County Board of Supervisors. Contact the Taylor County Auditor's office for precise rates applicable to your property location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Taylor County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Taylor County are triggered by specific events that occur after the initial assessment date of January 1st, primarily including ownership changes, new construction completion, or property improvements that increase assessed value mid-year. When these events occur, the County Assessor calculates a prorated tax bill based on the increased assessed value and the time remaining in the tax year.

For example, if you complete a $100,000 home addition in July, and your property tax rate is 3%, you would owe supplemental taxes of approximately $1,500 (half-year) for the remaining six months of the tax year. Supplemental tax bills are issued separately from regular property tax bills and have their own due dates, typically requiring payment within 30 days of issuance.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Less: Homestead Tax Credit (if applied): -$3,250 taxable value reduction
  • Net Taxable Value: ~$296,750
  • Annual Tax (assuming 3% rate): $8,903
  • Monthly Escrow: $742

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Less: Homestead Tax Credit (if applied): -$3,250 taxable value reduction
  • Net Taxable Value: ~$596,750
  • Annual Tax (assuming 3% rate): $17,903
  • Monthly Escrow: $1,492

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Less: Homestead Tax Credit (if applied): -$3,250 taxable value reduction
  • Net Taxable Value: ~$996,750
  • Annual Tax (assuming 3% rate): $29,903
  • Monthly Escrow: $2,492

Note: Tax credits shown require separate applications and are not automatically applied. Actual rates vary by location within Taylor County based on special taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Taylor County require property tax escrow accounts, collecting monthly payments equal to 1/12th of your annual property tax bill plus insurance premiums. Lenders typically collect an additional 2-month cushion as allowed by federal law to ensure sufficient funds for payment. Your lender will pay Taylor County directly when taxes are due in September and March.

Property tax payments from escrow accounts are made according to Taylor County's bi-annual payment schedule, with the first installment due in September and the second installment due in March. Lenders receive tax bills directly from the County Treasurer's office and are responsible for timely payment to avoid penalties. Homeowners should verify their escrow payments annually when receiving their mortgage statement to ensure adequate funding, especially given the projected 10% increase in tax rates for 2025.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Taylor County? A: Property taxes are due bi-annually with the first installment typically due in September and the second installment due in March. For the current fiscal year, if taxes remain unpaid by April 1st, the property may be listed for tax sale.

Q: What tax credits are available and do I need to apply? A: The primary tax credit available is the Homestead Tax Credit, which reduces taxable value by $3,250 for assessment years beginning January 1, 2024 and after. This credit requires a separate application and is not automatically applied to your property.

Q: How does the Homestead Credit work? A: The Homestead Credit provides a $3,250 reduction in taxable value (not market value) and helps limit assessment increases. You must file an application with the County Assessor's office - it is not automatic and must be renewed as required by county procedures.

Q: Is there a senior citizen exemption available? A: Iowa offers a Homestead Tax Credit for claimants 65 years of age or older. Contact the Taylor County Assessor's office for specific eligibility requirements and application procedures, as this requires a separate application process.

Q: How often are properties reassessed? A: Iowa follows a regular property assessment cycle. Contact the Taylor County Assessor's office for the specific reassessment schedule and your property's next assessment date.

Q: How do I appeal my property assessment? A: Property assessment appeals must be filed with the Taylor County Board of Review during the specified appeal period following your assessment notice. Contact the County Assessor's office for appeal deadlines and required documentation.

Q: What are the penalties for late payment? A: Late payment penalties apply to taxes not paid by the due dates in September and March. Properties with unpaid taxes by April 1st may be subject to tax sale proceedings.

Q: Can I pay my property taxes online? A: Contact the Taylor County Treasurer's office for available online payment options and accepted payment methods for property tax bills.

Q: Why do tax rates vary within Taylor County? A: Tax rates vary based on the combination of special taxing districts that serve your property, including different school districts, rural services areas, and other special assessment districts.

Q: Where do I get help with property tax questions? A: For assessment and credit questions, contact the Taylor County Assessor's office. For payment and collection questions, contact the Taylor County Treasurer's office. Both offices can provide specific information about your property's tax situation.

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