Churdan, Iowa Property Taxes
The median property tax rate in Churdan, IA is 1.09%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $78,650 in Churdan, the typical annual property tax bill amounts to $732, which is significantly below the national median of $2,690. Property taxes in Churdan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Churdan'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 Churdan or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Churdan, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$857
Ownwell’s Churdan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Churdan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Churdan 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 Churdan, Iowa
Property taxes in Churdan, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Churdan is 1.09%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Churdan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Churdan 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 Churdan's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50050 zip code has the highest median property tax rate of 1.09%, while the 50050 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Churdan 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 Churdan Tax Rate
1.09%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | 0.36% | 0.63% | 1.09% | 1.12% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Churdan, Iowa
In Churdan, 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 Churdan, 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 Churdan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Churdan is $732.00 in zip code 50050, while the lowest median tax bill is also $732.00 in the same zip code.
Average Churdan Assessed Value
$78,650
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 Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $69,410 | $72,875 | $78,650 | $187,160 | $252,266 |
Source: Ownwell
Property Tax Bills Across Churdan, Iowa
In Churdan, located in Carroll County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is not necessarily the market value but a percentage of it, adjusted according to state guidelines and local factors. Homeowners in Churdan can expect their property tax bills to fall within a range, with the 25th percentile at $627 and the 75th percentile at $814. The highest median tax bill in the area is $732, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligations tied to their property. With a median home price of $78,650, the property taxes in Churdan are manageable, helping to maintain affordability for residents while supporting essential public services.
Average Churdan Tax Bill
$732
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $564 | $627 | $732 | $814 | $863 |
Source: Ownwell