Varina, Iowa Property Taxes
The median property tax rate in Varina, IA is 1.77%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Varina, the typical annual property tax bill reaches $179, which is significantly lower than the national median of $2,690. Property taxes in Varina are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Varina'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 Varina 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
Varina, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$254
Ownwell’s Varina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Varina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Varina 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 Varina, Iowa
Property taxes in Varina, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Varina is 1.77%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Varina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Varina 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 Varina's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50593 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Varina provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Varina Tax Rate
1.77%
Average Pocahontas County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Varina, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50593 | 0.51% | 0.95% | 1.77% | 2.14% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Varina, Iowa
In Varina, IA, 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 Pocahontas 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 Varina, 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. For instance, the highest median tax bill in Varina is $179 in the 50593 zip code, which also has the lowest median tax bill of $179. 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 Varina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Varina Assessed Value
$14,342
Average Pocahontas County Assessed Value
$72,338
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Varina, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50593 | $1,725 | $5,758 | $14,342 | $24,696 | $37,297 |
Source: Ownwell
Property Tax Bills Across Varina, Iowa
In Varina, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property’s location, size, and market conditions. For homeowners in Varina, the median home price is $14,342, with tax bills varying significantly across different percentiles. At the 25th percentile, homeowners can expect a tax bill of $60, while those in the 75th percentile might see bills around $514. The 90th percentile tax bill can reach up to $635. These figures highlight the range of property tax burdens in the area, which can impact homeowners' budgets and financial planning. Compared to the national median property tax rate of 0.99%, Varina's property tax rates reflect local economic conditions and government funding requirements, ensuring essential services are maintained for the community.
Average Varina Tax Bill
$179
Average Pocahontas County Tax Bill
$919
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Varina, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50593 | $38 | $60 | $179 | $514 | $635 |
Source: Ownwell