Conesville, Iowa Property Taxes
The median property tax rate in Conesville, IA is 0.97%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With the median home value in Conesville at $156,010, the typical annual property tax bill is around $1,514, which is below the national median of $2,690. Property taxes in Conesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Conesville'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 Conesville 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
Conesville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,513
Ownwell’s Conesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conesville 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 Conesville, Iowa
Property taxes in Conesville, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conesville is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Conesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conesville 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 Conesville's effective property tax rate to other areas in Iowa and the national median. For comparison, the 52739 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Conesville provides valuable insights into the varying tax landscape across Louisa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conesville Tax Rate
0.97%
Average Louisa County Tax Rate
1.21%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conesville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52739 | 0.77% | 0.89% | 0.97% | 1.06% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Conesville, Iowa
In Conesville, 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 Louisa 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 Conesville, 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. For instance, the median home price in Conesville is $156,010, with property tax bills ranging from $868 at the 25th percentile to $2,989 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Conesville Assessed Value
$156,010
Average Louisa County Assessed Value
$108,425
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conesville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52739 | $37,635 | $98,960 | $156,010 | $240,598 | $314,058 |
Source: Ownwell
Property Tax Bills Across Conesville, Iowa
In Conesville, located in Louisa County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to generate the annual tax bill. For homeowners in Conesville, the median home price is $156,010. Property tax bills can vary significantly, with the 25th percentile paying around $868 annually, while those in the 75th percentile face bills of approximately $2,267. The top 10% of taxpayers see bills as high as $2,989. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Conesville's rates can be a significant expense for homeowners, particularly those with higher-valued properties. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations effectively.
Average Conesville Tax Bill
$1,514
Average Louisa County Tax Bill
$1,366
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Conesville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52739 | $368 | $868 | $1,514 | $2,267 | $2,989 |
Source: Ownwell