Atalissa, Iowa Property Taxes
The median property tax rate in Atalissa, IA is 1.31%, 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 $115,270 in Atalissa, the typical annual property tax bill amounts to $1,446, falling below the national median of $2,690. Property taxes in Atalissa are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Atalissa's property tax system, exploring available exemptions, and identifying opportunities for reductions, residents can achieve significant annual savings. Whether you're located in the heart of Atalissa or its surrounding areas, having a grasp of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Atalissa, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,510
Ownwell’s Atalissa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atalissa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atalissa 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 Atalissa, Iowa
Property taxes in Atalissa, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atalissa is 1.31%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Atalissa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atalissa 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 Atalissa's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52720 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Atalissa provides valuable insights into the varying tax landscape across Muscatine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atalissa Tax Rate
1.31%
Average Muscatine County Tax Rate
1.67%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atalissa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52720 | 1.15% | 1.22% | 1.31% | 1.38% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Atalissa, Iowa
In Atalissa, 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 Muscatine 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 Atalissa, 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 Atalissa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,446 in zip code 52720, which provides a benchmark for understanding local tax obligations.
Average Atalissa Assessed Value
$115,270
Average Muscatine County Assessed Value
$148,385
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atalissa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52720 | $18,952 | $43,100 | $115,270 | $177,840 | $252,366 |
Source: Ownwell
Property Tax Bills Across Atalissa, Iowa
In Atalissa, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor in Muscatine County. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Atalissa can expect varying tax bills depending on several factors, including the assessed value of their property and any applicable exemptions. For instance, the median home price in Atalissa is $115,270. Property tax bills in the city can range significantly, with the 25th percentile tax bill at $618 and the 90th percentile reaching up to $3,237. The highest median tax bill recorded in the area is $1,446, which is in line with the national median property tax rate of 0.99%. These property taxes contribute to essential local services such as schools, public safety, and infrastructure maintenance, directly affecting homeowners by influencing the quality of community services and overall property values.
Average Atalissa Tax Bill
$1,446
Average Muscatine County Tax Bill
$2,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Atalissa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52720 | $262 | $618 | $1,446 | $2,235 | $3,237 |
Source: Ownwell