Coon Rapids, Iowa Property Taxes
The median property tax rate in Coon Rapids, Iowa is 1.27%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Coon Rapids at $159,895, the typical annual property tax bill reaches $2,033, falling short of the national median of $2,690. Property taxes in Coon Rapids are calculated based on the tax assessed value, which generally is lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Coon Rapids' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Coon Rapids or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coon Rapids, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,031
Ownwell’s Coon Rapids Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coon Rapids with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coon Rapids 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 Coon Rapids, Iowa
Property taxes in Coon Rapids, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coon Rapids is 1.27%, which is significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Coon Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coon Rapids 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 Coon Rapids' effective property tax rate to other counties in Iowa and the national median. For comparison, the 50058 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Coon Rapids provides valuable insights into the varying tax landscape across Audubon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coon Rapids Tax Rate
1.27%
Average Audubon County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coon Rapids, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | 1.05% | 1.12% | 1.27% | 1.41% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Coon Rapids, Iowa
In Coon Rapids, 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 local 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 Coon Rapids, 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 Coon Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $2,033 in zip code 50058.
Average Coon Rapids Assessed Value
$159,895
Average Audubon County Assessed Value
$103,200
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coon Rapids, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $90,295 | $108,175 | $159,895 | $251,120 | $314,945 |
Source: Ownwell
Property Tax Bills Across Coon Rapids, Iowa
Property tax bills in Coon Rapids, located in Audubon County, IA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Coon Rapids pay a median property tax rate of 1.27%, which is higher than the national median of 0.99%. For a home with a median price of $159,895, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,484, while at the 75th percentile, the tax bill could rise to $2,862. The highest property tax bills in the area reach up to $4,563, placing a notable financial burden on homeowners. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these factors influence property tax bills helps homeowners anticipate their financial obligations and plan accordingly.
Average Coon Rapids Tax Bill
$2,033
Average Audubon County Tax Bill
$1,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Coon Rapids, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $1,116 | $1,484 | $2,033 | $2,862 | $4,563 |
Source: Ownwell