Auburn Douglas, Iowa Property Taxes
The median property tax rate in Auburn Douglas, IA is 1.03%, slightly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $51,690 in Auburn Douglas, the typical annual property tax bill amounts to $451, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Auburn Douglas'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 Douglas or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn Douglas, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$532
Ownwell’s AUBURN DOUGLAS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AUBURN DOUGLAS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AUBURN DOUGLAS 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 Douglas, Iowa
Property taxes in Auburn Douglas, 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 Douglas is 1.03%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Auburn Douglas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn Douglas 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 Douglas's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52175 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Auburn Douglas provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Douglas Tax Rate
1.03%
Average Fayette County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn Douglas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52175 | 0.68% | 0.96% | 1.03% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Auburn Douglas, Iowa
In Auburn Douglas, 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 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 Douglas, 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 Douglas 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 $451, found in zip code 52175.
Average Auburn Douglas Assessed Value
$51,690
Average Fayette County Assessed Value
$118,020
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn Douglas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52175 | $25,654 | $33,190 | $51,690 | $68,230 | $96,280 |
Source: Ownwell
Property Tax Bills Across Auburn Douglas, Iowa
In Auburn Douglas, 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 determine the annual tax bill. Various factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Homeowners in Auburn Douglas typically see a range of tax bills, with the 25th percentile at $340 and the 75th percentile at $546, while the 90th percentile can reach as high as $816. These figures highlight the variability in property tax liabilities, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, homeowners in Auburn Douglas experience a diverse range of tax burdens. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan accordingly.
Average Auburn Douglas Tax Bill
$451
Average Fayette County Tax Bill
$1,568
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn Douglas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52175 | $201 | $340 | $451 | $546 | $816 |
Source: Ownwell