Fontanelle, Iowa Property Taxes
The median property tax rate in Fontanelle, IA is 1.55%, slightly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Fontanelle, the typical annual property tax bill reaches $1,467, which is below the national median of $2,690. Property taxes in Fontanelle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fontanelle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fontanelle or another part of Adair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fontanelle, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,474
Ownwell’s Fontanelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fontanelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fontanelle to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fontanelle, Iowa
Property taxes in Fontanelle, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fontanelle is 1.55%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Fontanelle set these rates annually, and they can vary across different neighborhoods. Each year, Fontanelle estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fontanelle's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50846 has the highest median property tax rate of 1.55%, while the same zip code also records the lowest median tax rate of 1.55%. Understanding how these cities compare with Fontanelle provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fontanelle Tax Rate
1.55%
Average Adair County Tax Rate
1.47%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fontanelle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50846 | 1.19% | 1.33% | 1.55% | 1.72% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Fontanelle, Iowa
In Fontanelle, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adair County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fontanelle, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Fontanelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fontanelle is $1,467 in the 50846 zip code, while the lowest median tax bill is also $1,467 in the same zip code.
Average Fontanelle Assessed Value
$95,100
Average Adair County Assessed Value
$113,535
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fontanelle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50846 | $26,974 | $58,115 | $95,100 | $146,460 | $206,808 |
Source: Ownwell
Property Tax Bills Across Fontanelle, Iowa
In Fontanelle, located in Adair County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates various factors, including the property's market value, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Fontanelle, the median home price is $95,100. The tax bill can vary significantly, with the 25th percentile at $926, the 75th percentile at $2,146, and the 90th percentile reaching up to $2,873. These figures illustrate the range of property tax bills residents might expect. Compared to the national median property tax rate of 0.99%, Fontanelle's property taxes can be relatively burdensome for some homeowners. Understanding how these taxes are calculated helps residents plan their finances and potentially seek appeals or exemptions to reduce their tax burden.
Average Fontanelle Tax Bill
$1,467
Average Adair County Tax Bill
$1,656
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Fontanelle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50846 | $436 | $926 | $1,467 | $2,146 | $2,873 |
Source: Ownwell