Estherville, Iowa Property Taxes
The median property tax rate in Estherville, IA is 1.63%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Estherville, the typical annual property tax bill reaches $1,600, which is below the national median of $2,690. Property taxes in Estherville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Estherville'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 Estherville 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
Estherville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,638
Ownwell’s Estherville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estherville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estherville 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 Estherville, Iowa
Property taxes in Estherville, Iowa, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Estherville is 1.63%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Estherville set these rates annually, and they can vary across different neighborhoods. Each year, Estherville 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 Estherville's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 51334 has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these figures compare with Estherville provides valuable insights into the varying tax landscape across Emmet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Estherville Tax Rate
1.63%
Average Emmet County Tax Rate
1.51%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Estherville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51334 | 1.11% | 1.39% | 1.63% | 1.77% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Estherville, Iowa
In Estherville, 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 Emmet 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 Estherville, 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 Estherville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1600.00 in zip code 51334.
Average Estherville Assessed Value
$100,500
Average Emmet County Assessed Value
$98,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Estherville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51334 | $38,080 | $64,100 | $100,500 | $150,500 | $224,420 |
Source: Ownwell
Property Tax Bills Across Estherville, Iowa
In Estherville, located in Emmet County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. For example, a median home price in Estherville is around $100,500. Property taxes are then levied on this assessed value, with the median property tax rate in the area being approximately 1.59%, which is higher than the national median of 0.99%. Several factors influence the final tax bill, including local tax levies, which fund essential services like schools, infrastructure, and emergency services. Homeowners in Estherville can expect to pay a tax bill ranging from $1,036 at the 25th percentile to $3,324 at the 90th percentile. The highest and lowest median tax bills in the city both stand at $1,600, indicating a relatively stable tax environment. These property taxes significantly impact homeowners by contributing to community services and affecting overall housing affordability.
Average Estherville Tax Bill
$1,600
Average Emmet County Tax Bill
$1,436
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Estherville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51334 | $621 | $1,036 | $1,600 | $2,336 | $3,324 |
Source: Ownwell