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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Boone County, Iowa

Boone County has an effective property tax rate of 1.37%. On the median home value of $212,400, that's roughly $2,910 per year. Median household income is $83,531.

Effective Property Tax Rate1
1.37%
median tax $2,910 ÷ median home $212,400
Median Home Value1
$212,400
owner-occupied
Median Household Income1
$83,531
per-capita $42,125
Est. Annual Tax on Median Home1
$2,910
at 1.37% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricBoone CountyIowa (state context)
Effective property tax rate11.37%1.32%
Median home value1$212,400—
State income tax3top rate 3.80%top rate 3.80%
State sales tax36.94% combined6.94% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Boone County, IA

Boone County's effective property tax rate of 1.370% sits above Iowa's statewide median of 1.319%, placing it 35th among the state's 99 counties. That ranking signals a rate that is higher than most of its peers, though not at the extreme end. Against the national median of 0.794%, the gap widens considerably — Boone County property owners pay a notably steeper share of home value than the average American. On a median home value of $212,400, that rate yields an annual tax bill of $2,910, set against a median household income of $83,531 and per-capita income of $42,125. Boone, the county's largest city, anchors a jurisdiction that includes Beaver and Boxholm. The takeaway: property taxes here run heavier than both state and national norms, a meaningful consideration for anyone weighing a move or a purchase in the area.

Frequently asked questions

What is the property tax rate in Boone County, IA?
The effective rate is 1.37% — meaning the median tax bill equals about 1.37% of the median home value.
How much are property taxes on a median home?
On the median home ($212,400), the estimated annual bill is about $2,910.
Is Boone County's rate high or low?
Compare it to the state median of 1.32% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Boone County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Boone County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.