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.

Example

         100,000

2021 Assessed value (residential class)

x .541302

roll back percentage (2021) 

   $54,130

 

roll back value (taxable)

 x 0.03880051

 

levy $38.80051  per thousand (varies with taxing district)

  $2100.27

 

Gross tax

   -188.18

 

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

$1,912.00

 

property tax (rounded to nearest even whole dollar)

Contact Us

  1.  

    Assessor

    Email


    Floyd County Courthouse 

    101 S. Main St.

    Suite 207

    Charles City, IA 50616


    Ph: 641-257-6152


    Staff Directory