Quasqueton, Iowa Property Taxes
The median property tax rate in Quasqueton, IA is 1.39%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $99,000 in Quasqueton, the typical annual property tax bill amounts to $1,376, which is below the national median of $2,690. Property taxes in Quasqueton are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Quasqueton'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 Quasqueton or another part of Buchanan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quasqueton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,376
Ownwell’s Quasqueton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quasqueton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quasqueton 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 Quasqueton, Iowa
Property taxes in Quasqueton, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quasqueton is 1.39%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Quasqueton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quasqueton 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 Quasqueton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52326 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Quasqueton provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quasqueton Tax Rate
1.39%
Average Buchanan County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quasqueton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52326 | 1.18% | 1.29% | 1.39% | 1.46% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Quasqueton, Iowa
In Quasqueton, 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 Buchanan County Assessor 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 Quasqueton, 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. The highest median tax bill in Quasqueton is $1,376 in the 52326 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quasqueton Assessed Value
$99,000
Average Buchanan County Assessed Value
$154,105
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quasqueton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52326 | $31,528 | $67,060 | $99,000 | $145,760 | $210,882 |
Source: Ownwell
Property Tax Bills Across Quasqueton, Iowa
In Quasqueton, Buchanan County, IA, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which local assessors calculate based on various factors such as property size, location, and market conditions. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $99,000, homeowners in Quasqueton can expect their tax bills to vary significantly. The 25th percentile tax bill is around $894, reflecting lower-valued properties, while the 75th percentile tax bill reaches up to $2,019, indicating higher-valued homes. At the 90th percentile, tax bills can climb to $3,014. This variation affects homeowners differently based on their property's assessed value, making it crucial for them to understand how these assessments impact their annual expenses. Notably, the median tax bill in the highest and lowest zip codes both stand at $1,376, highlighting some consistency within the area.
Average Quasqueton Tax Bill
$1,376
Average Buchanan County Tax Bill
$2,162
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Quasqueton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52326 | $386 | $894 | $1,376 | $2,019 | $3,014 |
Source: Ownwell