Moscow, Iowa Property Taxes
The median property tax rate in Moscow, IA is 1.17%, which is higher than the national median of 0.99% but lower than the state median of 1.54%. With the median home value in Moscow, the typical annual property tax bill reaches $1,840, falling below the national median of $2,690. Property taxes in Moscow are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Moscow'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 Moscow 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
Moscow, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,832
Ownwell’s Moscow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moscow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moscow 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 Moscow, Iowa
Property taxes in Moscow, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moscow is 1.17%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Moscow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moscow 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 Moscow's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52760 zip code has the highest median property tax rate of 1.17%, while the 52760 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Moscow 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 Moscow Tax Rate
1.17%
Average Muscatine County Tax Rate
1.67%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moscow, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52760 | 1.08% | 1.13% | 1.17% | 1.24% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Moscow, Iowa
In Moscow, 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 Appraisal District 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 Moscow, 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. The zip code 52760 has the highest and lowest median tax bill, both at $1,840. Being aware of these valuation processes in Moscow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moscow Assessed Value
$156,610
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 Moscow, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52760 | $52,640 | $88,070 | $156,610 | $244,375 | $339,820 |
Source: Ownwell
Property Tax Bills Across Moscow, Iowa
In Moscow, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Moscow is $156,610, and the property tax rate is reflective of the county's needs and budget requirements. Homeowners in Moscow can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,128, while at the 75th percentile, it reaches $2,926. At the 90th percentile, homeowners might pay as much as $3,799 annually. These amounts are influenced by various factors, including property size, location, and any applicable exemptions. The property tax rate in Moscow is competitive when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Moscow Tax Bill
$1,840
Average Muscatine County Tax Bill
$2,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Moscow, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52760 | $702 | $1,128 | $1,840 | $2,926 | $3,799 |
Source: Ownwell