How are property tax rates determined in Iowa?

Property tax rates in Iowa are set by each taxing district (municipality, school district, park district, library, etc.) based on their annual levy (the amount of tax revenue they need). The rate is calculated by dividing the levy by the total assessed value of all property in the district.

What is the composite tax rate?

The composite tax rate is the sum of all overlapping taxing district rates that apply to a specific property. A typical property may be taxed by several overlapping districts. The composite rate determines your total tax bill when multiplied by your property's assessed value.

Why do tax rates vary within the same town?

Properties within the same municipality can have different composite rates because overlapping districts (school, park, fire, library) have different boundaries. A home in one school district may have a different rate than a home two blocks away in a different school district.

Milford, IA Property Tax Rate 2026 — Full Breakdown by District

Showing latest tax year with year-over-year changes. Full rate history available with a paid plan. See products & pricing →

Property Tax — Tax Year 2025 (payable 2026)i

IA Dept of Management Property Tax

Composite Ratei

2.28%–3.78%+70.6%YoY

Varies by school district

Municipal Portioni

0.0000%0% of total

Effective Ratei

1.06%–1.75%

Est. Annual Taxi

$2K–$4K

Median Home Valuei

$218,400

Rate varies by school district. Your actual rate depends on which school district your property falls in.

Rate Trend — click a year to explorei

20242025

Municipal

Other Districts

Where Your Tax Dollar Goesi

$1.25 MILFORD CITY/OKOBOJI SCH/UR SOUTH INDUSTRIAL

$1.15 MILFORD CITY AG/OKOBOJI SCH

$1.15 MILFORD CITY/OKOBOJI SCH/PONDS AT HUNTER HILL

$1.15 MILFORD CITY/OKOBOJI SCH/COUNTRY MEADOWS UR B

$1.15 MILFORD AG/OKOBOJI SCH/URBAN RENEWAL AREA 4 B

$0.98 MILFORD CITY/OKOBOJI SCH/UR TIF NATURE`S TRAI

$0.98 MILFORD CITY/OKOBOJI SCH/UR 2009 ADDITION BAS

$0.98 MILFORD CITY/OKOBOJI SCH/UR TIF SOUTH INDUSTR

$0.98 MILFORD CITY/OKOBOJI SCH/UR TIF HUNTER HILLS

$0.98 MILFORD CITY/OKOBOJI SCHOOL/JAMES&JACKS ADDN TIF INCREMENT

$0.98 MILFORD CITY/OKOBOJI SCHOOL/JAMES&JACKS ADDN TIF BASE

$0.98 MILFORD CITY/OKOBOJISCH/UR TIF NATURE'S TRAIL

$0.98 MILFORD CITY/OBOBOJI SCH/UR TIF POLARIS BASE

$0.98 MILFORD CITY/OKOBOJI SCH/UR TIF BOULDERS BASE

$0.98 MILFORD CITY/OKOBOJI SCH/MVEST TIF BASE

$0.98 MILFORD CITY/OKOBOJI SCH/HAWKEYE CARE CENTER

$0.98 MILFORD CITY/OKOBOJI SCH/MCRPH TIF BASE

$0.98 MILFORD CITY/OKOBOJI SCH/UR SAFARI CHILD CARE

$0.84 MILFORD CITY AG/OKOBOJI SCH/SOUTH INDUSTRIAL

$0.83 MILFORD CITY/OKOBOJI SCH

$0.75 MILFORD CITY/OKOBOJI SCH/MAYER SUBDIV UR BASE

Estimated Tax by Home Valuei

$100K

$760–$1,259

$150K

$1,141–$1,888

$200K

$1,521–$2,518

$250K

$1,901–$3,147

$300K

$2,281–$3,777

$350K

$2,662–$4,406

$400K

$3,042–$5,036

Highlighted value is closest to median home value ($218K)

21 Overlapping Taxing Districtsi

MILFORD CITY/OKOBOJI SCH/UR SOUTH INDUSTRIAL

124.7%3.7772%

MILFORD CITY AG/OKOBOJI SCH

114.9%3.4814%

MILFORD CITY/OKOBOJI SCH/PONDS AT HUNTER HILL

114.9%3.4814%

MILFORD CITY/OKOBOJI SCH/COUNTRY MEADOWS UR B

114.9%3.4814%

MILFORD AG/OKOBOJI SCH/URBAN RENEWAL AREA 4 B

114.9%3.4814%

MILFORD CITY/OKOBOJI SCH/UR TIF NATURE`S TRAI

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/UR 2009 ADDITION BAS

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/UR TIF SOUTH INDUSTR

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/UR TIF HUNTER HILLS

97.8%2.9629%

MILFORD CITY/OKOBOJI SCHOOL/JAMES&JACKS ADDN TIF INCREMENT

97.8%2.9629%

MILFORD CITY/OKOBOJI SCHOOL/JAMES&JACKS ADDN TIF BASE

97.8%2.9629%

MILFORD CITY/OKOBOJISCH/UR TIF NATURE'S TRAIL

97.8%2.9629%

MILFORD CITY/OBOBOJI SCH/UR TIF POLARIS BASE

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/UR TIF BOULDERS BASE

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/MVEST TIF BASE

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/HAWKEYE CARE CENTER

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/MCRPH TIF BASE

97.8%2.9629%

MILFORD CITY/OKOBOJI SCH/UR SAFARI CHILD CARE

97.8%2.9629%

MILFORD CITY AG/OKOBOJI SCH/SOUTH INDUSTRIAL

83.9%2.5424%

MILFORD CITY/OKOBOJI SCH

83.5%2.5286%

MILFORD CITY/OKOBOJI SCH/MAYER SUBDIV UR BASE

75.3%2.2817%