Sioux County Ranks #1 In State For Largest Average Tax Refund
October 27, 2021 11:41am
Each tax season millions of U.S. taxpayers are issued refunds for the amount of money they overpaid within that tax year. Meanwhile, some taxpayers end up owing money to the IRS after filing their taxes because they underpaid throughout the year. SmartAsset analyzed data from the IRS to determine the Iowa counties where people received the highest average tax refunds and the counties where people owed the most money after filing their taxes.
SmartAsset released their findings today, showing 1,087,950 Iowans received refunds while 292,570 owed taxes. The study also indicates Sioux County residents receive the highest average tax refund in Iowa at $3,119. It shows 9,720 Sioux County residents received a refund while 3,650 had a tax bill. The average tax amount owed for those residents is $4,670. Lyon County ranks 11th in the state, Plymouth is 13th, Osceola ranks 90th, O’Brien County ranks 68th. Story County receives the lowest average tax refund per resident.
SmartAsset divides the total amount of money refunded by the IRS in each county by the number of refunds issued in each county. The same is done to calculate the average amount owed, by dividing the total taxes owed in each county by the number of filers that still owe taxes.
A link to the interactive map can be found here.
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