Imogene, Iowa Property Taxes
The median property tax rate in Imogene, IA, is 1.19%, notably higher than the national median of 0.99% but below the Iowa state median of 1.54%. With the median home value in Imogene at $127,490, the typical annual property tax bill reaches $1,739, which is less than the national median of $2,690. Property taxes in Imogene are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Imogene'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 Imogene or elsewhere in Fremont County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imogene, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,517
Ownwell’s Imogene Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Imogene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imogene 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 Imogene, Iowa
Property taxes in Imogene, IA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imogene is 1.19%, higher than both the Iowa state median of 1.56% and the U.S. national median of 0.99%. Local government entities within Imogene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imogene 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 Imogene's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51645 zip code has the highest median property tax rate of 1.19%, while the 51645 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Imogene provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imogene Tax Rate
1.19%
Average Fremont County Tax Rate
1.28%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | 0.74% | 0.92% | 1.19% | 1.31% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Imogene, Iowa
In Imogene, 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 Fremont 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 Imogene, 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. For instance, the median home price in Imogene is $127,490, with tax bills ranging from $934 at the 25th percentile to $3,369 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,739, found in the 51645 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Imogene Assessed Value
$127,490
Average Fremont County Assessed Value
$118,270
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | $12,426 | $51,910 | $127,490 | $212,635 | $269,914 |
Source: Ownwell
Property Tax Bills Across Imogene, Iowa
In Imogene, located in Fremont County, IA, property tax bills are calculated based on the assessed value of a home. The process begins with the local assessor determining the assessed value, which is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence this calculation, including changes in the market value of properties, local government budgets, and any applicable exemptions or abatements. For homeowners in Imogene, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $934, while the 75th percentile reaches $2,582. At the high end, the 90th percentile tax bill can go up to $3,369. Comparatively, the median property tax rate in Imogene is slightly higher than the national median of 0.99%, impacting homeowners by requiring them to budget more for annual property taxes. This variability in tax bills underscores the importance of understanding how assessed values and local tax rates influence overall costs.
Average Imogene Tax Bill
$1,739
Average Fremont County Tax Bill
$1,562
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | $245 | $934 | $1,739 | $2,582 | $3,369 |
Source: Ownwell