North English, Iowa Property Taxes
The median property tax rate in North English, IA is 1.18%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $133,454 in North English, the typical annual property tax bill amounts to $1,628, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding North English'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 North English or another part of Keokuk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North English, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,575
Ownwell’s North English Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North English with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North English 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 North English, Iowa
Property taxes in North English, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North English is 1.18%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within North English set these rates annually, and they can vary significantly across different neighborhoods. Each year, North English 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 North English's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52316 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with North English provides valuable insights into the varying tax landscape across Keokuk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North English Tax Rate
1.18%
Average Keokuk County Tax Rate
1.25%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across North English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52316 | 1.02% | 1.12% | 1.18% | 1.35% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across North English, Iowa
In North English, 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 local authorities 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 North English, 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 North English helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $133,454, with tax bills ranging from $1,052 at the 25th percentile to $3,709 at the 90th percentile. The highest and lowest median tax bills both stand at $1,628 in the zip code 52316.
Average North English Assessed Value
$133,454
Average Keokuk County Assessed Value
$102,671
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52316 | $31,068 | $97,008 | $133,454 | $211,329 | $332,210 |
Source: Ownwell
Property Tax Bills Across North English, Iowa
In North English, located in Keokuk County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, improvements made, and overall property conditions. Homeowners in North English can expect a property tax bill that varies significantly depending on their property's value. For example, the tax bill at the 25th percentile is $1,052, while at the 75th percentile, it rises to $2,548. The 90th percentile tax bill can reach up to $3,709. Compared to the national median property tax rate of 0.99%, the tax rates in North English reflect local economic conditions and funding requirements for public services. These property taxes play a crucial role in funding essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the community.
Average North English Tax Bill
$1,628
Average Keokuk County Tax Bill
$1,284
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across North English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52316 | $560 | $1,052 | $1,628 | $2,548 | $3,709 |
Source: Ownwell