Persia, Iowa Property Taxes
The median property tax rate in Persia, IA is 1.20%, slightly higher than the national median of 0.99% but below the Iowa state median of 1.54%. With a median home value of $151,860 in Persia, the typical annual property tax bill amounts to $1,842, which is lower than the national median of $2,690. Property taxes in Persia are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Persia'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 Persia 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
Persia, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,822
Ownwell’s Persia Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Persia. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Persia to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed insights, localized information on neighborhood trends is available below. Your property's assessed value is determined by Harrison County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Persia, Iowa
Property taxes in Persia, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Persia is 1.26%, significantly higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Persia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Persia 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 Persia's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51563 has the highest median property tax rate of 1.26%, while the lowest median tax rate is also 1.26%. Understanding how these cities compare with Persia provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Persia Tax Rate
1.20%
Average Harrison County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Persia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51563 | 1.00% | 1.04% | 1.20% | 1.37% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Persia, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Persia, Iowa. 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 Harrison 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. Assessment notices in Persia 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Persia is $151,860, with tax bills ranging from $1,139 at the 25th percentile to $3,696 at the 90th percentile.
Average Persia Assessed Value
$151,860
Average Harrison County Assessed Value
$150,125
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Persia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51563 | $47,540 | $90,225 | $151,860 | $240,150 | $343,790 |
Source: Ownwell
Property Tax Bills Across Persia, Iowa
In Persia, located in Harrison County, IA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Persia can expect tax bills that vary significantly. For example, the 25th percentile tax bill is $1,139, while the 75th percentile tax bill is $2,635, and the 90th percentile tax bill reaches $3,696. This range illustrates how property taxes can impact homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Persia homeowners might find their tax bills to be relatively moderate or high, depending on their specific property assessments. The highest and lowest median tax bills in the area are both $1,842, indicating some consistency in tax assessments within the region.
Average Persia Tax Bill
$1,842
Average Harrison County Tax Bill
$1,959
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Persia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51563 | $638 | $1,139 | $1,842 | $2,635 | $3,696 |
Source: Ownwell