Aplington, Iowa Property Taxes
The median property tax rate in Aplington, IA is 1.44%, notably higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. With a median home value of $140,390 in Aplington, the typical annual property tax bill amounts to $1,968, which is below the national median of $2,690. Property taxes in Aplington are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Aplington'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 Aplington or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aplington, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$2,022
Ownwell’s Aplington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aplington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aplington 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 Aplington, Iowa
Property taxes in Aplington, Iowa, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Aplington is 1.44%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Aplington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aplington 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 Aplington's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50604 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Aplington provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aplington Tax Rate
1.44%
Average Butler County Tax Rate
1.42%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aplington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | 1.05% | 1.14% | 1.44% | 1.55% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Aplington, Iowa
In Aplington, 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 Butler 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 Aplington, 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 Aplington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1968, are found in zip code 50604.
Average Aplington Assessed Value
$140,390
Average Butler County Assessed Value
$143,820
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aplington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | $59,464 | $95,630 | $140,390 | $205,230 | $287,128 |
Source: Ownwell
Property Tax Bills Across Aplington, Iowa
In Aplington, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's market value, improvements made to the home, and comparable property values in the area. For example, with a median home price of $140,390 in Aplington, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,328, while the 75th percentile tax bill reaches approximately $2,694. At the higher end, the 90th percentile tax bill can be as much as $3,794. These amounts are influenced by the assessed value and the local tax rate. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Aplington should be aware of these factors to better anticipate their property tax obligations and manage their finances accordingly.
Average Aplington Tax Bill
$1,968
Average Butler County Tax Bill
$1,964
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Aplington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | $772 | $1,328 | $1,968 | $2,694 | $3,794 |
Source: Ownwell