Auburn, Iowa Property Taxes
The median property tax rate in Auburn, IA is 0.98%, slightly below both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $140,480 in Auburn, the typical annual property tax bill amounts to $1,440, which is significantly lower than the national median of $2,690. Property taxes in Auburn are based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Auburn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Auburn or another part of Carroll County, navigating the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,377
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Iowa
Property taxes in Auburn, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51433 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.98%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51433 | 0.89% | 0.92% | 0.98% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Iowa
In Auburn, 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 Carroll 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 51433, with an amount of $1,440, while the lowest is also 51433 with the same amount.
Average Auburn Assessed Value
$140,480
Average Carroll County Assessed Value
$153,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51433 | $90,896 | $109,490 | $140,480 | $171,470 | $190,064 |
Source: Ownwell
Property Tax Bills Across Auburn, Iowa
In Auburn, located in Carroll County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Auburn can expect their tax bills to reflect the assessed value multiplied by the local tax rate. The median home price in Auburn is $140,480, which serves as a baseline for many tax assessments. Several factors influence the final tax bill, including property size, location, and any improvements made to the home. The tax bill for the 25th percentile is $1,059, while it rises to $1,821 for the 75th percentile, and peaks at $2,050 for the 90th percentile. Comparatively, the national median property tax rate is 0.99%, and Auburn's tax bills can be higher or lower depending on the specific property and local tax rate. For homeowners, these property taxes significantly impact annual expenses, making it crucial to understand how their tax bill is determined and what factors are considered.
Average Auburn Tax Bill
$1,440
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51433 | $830 | $1,059 | $1,440 | $1,821 | $2,050 |
Source: Ownwell