Garden Grove, Iowa Property Taxes
The median property tax rate in Garden Grove, IA is 1.41%, which is considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value in Garden Grove of $35,285, the typical annual property tax bill reaches $674, well below the national median of $2,690. Property taxes in Garden Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garden Grove'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 Garden Grove 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
Garden Grove, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$498
Ownwell’s Garden Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden Grove 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 Garden Grove, Iowa
Property taxes in Garden Grove, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden Grove is 1.41%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Garden Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden Grove 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 Garden Grove's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50103 zip code has both the highest and lowest median property tax rate of 1.41%. Understanding how these cities compare with Garden Grove provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden Grove Tax Rate
1.41%
Average Decatur County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50103 | 0.62% | 0.98% | 1.41% | 1.83% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Garden Grove, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Garden Grove, Iowa. 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 Decatur 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. Assessment notices in Garden Grove 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 Garden Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $674.00 in zip code 50103, while the lowest is also $674.00 in the same zip code, highlighting the importance of understanding local property tax nuances.
Average Garden Grove Assessed Value
$35,285
Average Decatur County Assessed Value
$57,520
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50103 | $1,900 | $5,954 | $35,285 | $103,018 | $199,001 |
Source: Ownwell
Property Tax Bills Across Garden Grove, Iowa
In Garden Grove, Decatur County, IA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in Garden Grove experience a wide range of tax bills, reflecting the diversity in property values and the local tax rate application. For instance, the tax bill at the 25th percentile is $71, while at the 75th percentile, it rises to $1,495, and at the 90th percentile, it reaches $2,758. The median home price in Garden Grove is $35,285, which influences the overall tax calculation. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local variations. The property tax bill significantly impacts homeowners by contributing to local services such as schools, infrastructure, and public safety, making it a crucial component of homeownership costs in Garden Grove.
Average Garden Grove Tax Bill
$674
Average Decatur County Tax Bill
$928
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50103 | $26 | $71 | $674 | $1,495 | $2,758 |
Source: Ownwell