Stockton, Iowa Property Taxes
The median property tax rate in Stockton, IA is 1.28%, 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 Stockton at $162,260, the typical annual property tax bill is $1,914, falling below the national median of $2,690. Property taxes in Stockton are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Stockton'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 Stockton 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
Stockton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,077
Ownwell’s Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Iowa
Property taxes in Stockton, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 1.28%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52769 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Stockton 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 Stockton Tax Rate
1.28%
Average Muscatine County Tax Rate
1.67%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | 1.05% | 1.10% | 1.28% | 1.44% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Iowa
In Stockton, 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 Stockton, 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 Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,914 in the 52769 zip code.
Average Stockton Assessed Value
$162,260
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 Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | $48,788 | $93,608 | $162,260 | $248,122 | $337,551 |
Source: Ownwell
Property Tax Bills Across Stockton, Iowa
In Stockton, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors like property size, location, and home improvements can influence the assessed value. For example, Stockton homeowners with a median home price of $162,260 can expect a tax bill ranging from $1,304 at the 25th percentile to $4,226 at the 90th percentile. This range indicates how property taxes can vary significantly based on the specific characteristics of each property. Compared to the national median property tax rate of 0.99%, Stockton's rates reflect a localized approach to taxation. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, influencing decisions on purchasing or renovating properties. Understanding these factors can help homeowners plan better and potentially seek exemptions or appeals to manage their tax liabilities effectively.
Average Stockton Tax Bill
$1,914
Average Muscatine County Tax Bill
$2,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | $733 | $1,304 | $1,914 | $2,864 | $4,226 |
Source: Ownwell