La Motte, Iowa Property Taxes
The median property tax rate in LA MOTTE, IA is 1.15%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in LA MOTTE at $206,900, the typical annual property tax bill reaches $2,490, just below the national median of $2,690. Property taxes in LA MOTTE are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding LA MOTTE'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 LA MOTTE or another part of Jackson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Motte, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,379
Ownwell’s LA MOTTE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA MOTTE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA MOTTE 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 La Motte, Iowa
Property taxes in LA MOTTE, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA MOTTE is 1.15%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within LA MOTTE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA MOTTE 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 LA MOTTE's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52054 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with LA MOTTE provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Motte Tax Rate
1.15%
Average Jackson County Tax Rate
1.24%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Motte, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | 0.96% | 1.03% | 1.15% | 1.37% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across La Motte, Iowa
In LA MOTTE, 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 Jackson 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 LA MOTTE, 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 LA MOTTE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 52054 consistently shows the highest and lowest median tax bills, both at $2,490, which is higher than the national median property tax rate of 0.99%.
Average La Motte Assessed Value
$206,900
Average Jackson County Assessed Value
$157,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Motte, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | $87,040 | $137,300 | $206,900 | $296,700 | $407,360 |
Source: Ownwell
Property Tax Bills Across La Motte, Iowa
In La Motte, Jackson County, IA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically determined by the county assessor. This value is then adjusted by any applicable exemptions or deductions to arrive at the taxable value. Homeowners in La Motte typically see property tax bills that range significantly. For example, the 25th percentile tax bill is around $1,673, while the 75th percentile reaches $3,281. At the 90th percentile, tax bills can climb as high as $4,498. Comparing these figures to the national median property tax rate of 0.99%, La Motte's rates reflect the local economic conditions and public service funding needs. For homeowners, these taxes directly impact annual housing costs and can influence decisions about buying, selling, or investing in property within the city. Understanding these factors helps homeowners plan their finances more effectively and anticipate future tax liabilities.
Average La Motte Tax Bill
$2,490
Average Jackson County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across La Motte, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | $948 | $1,673 | $2,490 | $3,281 | $4,498 |
Source: Ownwell