Le Mars, Iowa Property Taxes
The median property tax rate in Le Mars, IA is 1.15%, 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 $208,060 in Le Mars, the typical annual property tax bill is $2,325, falling below the national median of $2,690. Property taxes in Le Mars 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 the property tax system in Le Mars, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Le Mars or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Le Mars, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,393
Ownwell’s Le Mars Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Le Mars with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Le Mars 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 Le Mars, Iowa
Property taxes in Le Mars, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Mars is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Le Mars set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Mars 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 Le Mars' effective property tax rate to other counties in Iowa and the national median. For comparison, the 51031 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Le Mars provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Mars Tax Rate
1.15%
Average Plymouth County Tax Rate
1.13%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Mars, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | 0.82% | 1.06% | 1.15% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Le Mars, Iowa
In Le Mars, 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 Plymouth 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 Le Mars, 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 Le Mars helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 51031, with a tax bill of $2,325.00, which is notably higher than the national median property tax rate of 0.99%.
Average Le Mars Assessed Value
$208,060
Average Plymouth County Assessed Value
$198,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Mars, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | $77,030 | $140,900 | $208,060 | $306,115 | $426,800 |
Source: Ownwell
Property Tax Bills Across Le Mars, Iowa
In Le Mars, located in Plymouth County, IA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor and reflects the market value of the property. Homeowners in Le Mars face varying tax bills, with the 25th percentile paying around $1,616 and the 75th percentile facing about $3,290 annually. At the 90th percentile, tax bills can reach up to $4,584. Several factors influence these tax bills, including changes in property values, local tax rates, and any applicable exemptions or deductions. The median home price in Le Mars is $208,060, and the property tax rate in Plymouth County is competitive when compared to the national median property tax rate of 0.99%. For homeowners, these property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Le Mars Tax Bill
$2,325
Average Plymouth County Tax Bill
$2,246
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Mars, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | $1,044 | $1,616 | $2,325 | $3,290 | $4,584 |
Source: Ownwell