Langworthy, Iowa Property Taxes
The median property tax rate in Langworthy, IA is 1.08%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Langworthy at $88,860, the typical annual property tax bill amounts to $996, falling below the national median of $2,690. Property taxes in Langworthy are calculated based on the tax assessed value, generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Langworthy'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 Langworthy or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Langworthy, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$960
Ownwell’s Langworthy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langworthy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langworthy 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 Langworthy, Iowa
Property taxes in Langworthy, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langworthy is 1.08%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Langworthy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langworthy 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 Langworthy's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52252 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Langworthy provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Langworthy Tax Rate
1.08%
Average Jones County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langworthy, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52252 | 0.95% | 1.01% | 1.08% | 1.15% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Langworthy, Iowa
In Langworthy, 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 Jones 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 Langworthy, 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 Langworthy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Langworthy is $996.00 in the 52252 zip code.
Average Langworthy Assessed Value
$88,860
Average Jones County Assessed Value
$156,350
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langworthy, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52252 | $9,896 | $36,895 | $88,860 | $147,805 | $193,768 |
Source: Ownwell
Property Tax Bills Across Langworthy, Iowa
In Langworthy, located in Jones County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $88,860, which provides a baseline for tax calculations. The tax bill can vary significantly; for example, homeowners in the 25th percentile pay around $357, while those in the 75th percentile face bills up to $1,604. At the 90th percentile, the tax bill can reach as high as $2,146. Several factors influence these variations, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Langworthy's property taxes can be relatively moderate or steep depending on individual circumstances. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term investment in property. The highest and lowest median tax bills in the area both stand at $996, indicating a degree of consistency within certain zip codes.
Average Langworthy Tax Bill
$996
Average Jones County Tax Bill
$2,222
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Langworthy, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52252 | $138 | $357 | $996 | $1,604 | $2,146 |
Source: Ownwell