How Does One Calculate Their Property Taxes?

  • Assessed value and taxable value are not synonymous terms.
  • Property is assessed as of January 1st.
  • Property is reassessed every 2 years.
  • Taxes are levied on a value determined by the auditor by applying an assessment limitation percentage to the assessed value and deducting any applicable exemptions or credits. The assessment limitation percentage varies each year.



2021 Assessed value (residential class)

x .541302

roll back percentage (2021) 



roll back value (taxable)

 x 0.03880051


levy $38.80051  per thousand (varies with taxing district)



Gross tax



Homestead Credit $4,850 x levy (4850x.03880051)



property tax (rounded to nearest even whole dollar)

Contact Us




    Floyd County Courthouse 

    101 S. Main St.

    Suite 207

    Charles City, IA 50616

    Ph: 641-257-6152

    Staff Directory