Archer, Iowa Property Taxes
The median property tax rate in Archer, IA is 0.90%, which is lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Archer, the typical annual property tax bill is $889, significantly below the national median of $2,690. Property taxes in Archer 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 Archer'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 Archer 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
Archer, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$873
Ownwell’s Archer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archer 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 Archer, Iowa
Property taxes in Archer, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Archer is 1.43%, significantly higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Archer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archer 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 Archer's effective property tax rate to other counties in Iowa and the national median. For comparison, the highest median property tax rate in O'Brien County is 1.43%, while the lowest median tax rate is also 1.43%. Understanding how these cities compare with Archer provides valuable insights into the varying tax landscape across O'Brien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archer Tax Rate
0.90%
Average O'brien County Tax Rate
1.20%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archer, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51231 | 0.75% | 0.83% | 0.90% | 1.03% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Archer, Iowa
In Archer, 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 O'Brien 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 Archer, 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 Archer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $96,960, with the highest and lowest median tax bills recorded at $889 in zip code 51231.
Average Archer Assessed Value
$96,960
Average O'brien County Assessed Value
$120,840
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archer, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51231 | $30,776 | $49,200 | $96,960 | $178,550 | $280,648 |
Source: Ownwell
Property Tax Bills Across Archer, Iowa
Property tax bills in Archer, O'Brien County, IA, are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $96,960, the property tax bill can vary significantly. Homeowners at the 25th percentile can expect a tax bill around $464, while those at the 75th percentile might see a bill closer to $1,680. At the 90th percentile, the tax bill can go up to approximately $2,400. Comparatively, the national median property tax rate is 0.99%, which makes the property tax situation in Archer relatively moderate. Understanding these factors is essential for homeowners as property taxes directly impact annual housing costs and overall affordability.
Average Archer Tax Bill
$889
Average O'brien County Tax Bill
$1,404
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Archer, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51231 | $231 | $464 | $889 | $1,680 | $2,400 |
Source: Ownwell