Shenandoah, Iowa Property Taxes
The median property tax rate in Shenandoah, IA is 1.07%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $180,510 in Shenandoah, the typical annual property tax bill amounts to $1,919, which is below the national median of $2,690. Property taxes in Shenandoah are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Shenandoah'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 Shenandoah 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
Shenandoah, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,931
Ownwell’s Shenandoah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shenandoah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shenandoah 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 Shenandoah, Iowa
Property taxes in Shenandoah, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shenandoah stands at 1.07%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Shenandoah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shenandoah 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 Shenandoah's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 51601 has the highest median property tax rate of 1.07%, while the same zip code also reports the lowest median tax rate of 1.07%. Understanding how these figures compare with Shenandoah 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 Shenandoah Tax Rate
1.07%
Average Fremont County Tax Rate
1.28%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | 0.83% | 0.96% | 1.07% | 1.25% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Shenandoah, Iowa
In Shenandoah, 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 Shenandoah, 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 Shenandoah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Shenandoah is $1,919, found in the 51601 zip code, which is also the lowest median tax bill.
Average Shenandoah Assessed Value
$180,510
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 Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | $84,448 | $119,485 | $180,510 | $244,680 | $339,294 |
Source: Ownwell
Property Tax Bills Across Shenandoah, Iowa
In Shenandoah, located in Fremont County, IA, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Shenandoah, the median home price is $180,510, and the property tax rate is influenced by various local factors including school district funding, infrastructure needs, and municipal services. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $1,278, while the 75th percentile reaches $2,726, and the 90th percentile climbs to $3,519. Comparing this to the national median property tax rate of 0.99%, Shenandoah's rates reflect the specific economic and community needs of the area. The highest and lowest median tax bills in the city are both $1,919, indicating a level of consistency in the assessed values and tax rates within the local market. For homeowners, understanding these factors is crucial for financial planning and property investment decisions.
Average Shenandoah Tax Bill
$1,919
Average Fremont County Tax Bill
$1,562
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | $857 | $1,278 | $1,919 | $2,726 | $3,519 |
Source: Ownwell