Alden, Iowa Property Taxes
The median property tax rate in Alden, IA is 1.19%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $144,800 in Alden, the typical annual property tax bill amounts to $1,748, falling below the national median of $2,690. Property taxes in Alden are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Alden'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 Alden or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alden, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,723
Ownwell’s Alden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alden 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 Alden, Iowa
Property taxes in Alden, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alden is 1.19%, notably higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Alden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alden 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 Alden's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50006 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Alden provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alden Tax Rate
1.19%
Average Franklin County Tax Rate
1.64%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | 1.04% | 1.09% | 1.19% | 1.35% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Alden, Iowa
In Alden, 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 Franklin County Appraisal District 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 Alden, 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 Alden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alden is $144,800, with the highest median tax bill of $1,748 found in the 50006 zip code.
Average Alden Assessed Value
$144,800
Average Franklin County Assessed Value
$103,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | $50,670 | $108,700 | $144,800 | $233,975 | $311,260 |
Source: Ownwell
Property Tax Bills Across Alden, Iowa
In Alden, located in Franklin County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Alden can expect their property tax bills to vary significantly depending on these assessments. For instance, the median home price in Alden is $144,800. Property tax bills in the 25th percentile are around $1,200, while those in the 75th percentile reach up to $2,852. At the 90th percentile, homeowners might see tax bills as high as $3,762. These figures illustrate how property tax obligations can fluctuate widely within the same community. The local tax rate and assessed property value are critical factors in determining the final tax bill. For homeowners, this means that any changes in the assessed value or local tax rate can significantly impact their annual property tax expenses. Compared to the national median property tax rate of 0.99%, Alden's property tax rates reflect the local economic conditions and funding requirements.
Average Alden Tax Bill
$1,748
Average Franklin County Tax Bill
$1,653
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | $638 | $1,200 | $1,748 | $2,852 | $3,762 |
Source: Ownwell