Kellerton, Iowa Property Taxes
The median property tax rate in Kellerton, IA is 1.47%, which is notably higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. With a median home value of $67,032 in Kellerton, the typical annual property tax bill amounts to $1,022, falling below the national median of $2,690. Property taxes in Kellerton are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kellerton'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 Kellerton or another part of Ringgold County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kellerton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$985
Ownwell’s Kellerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kellerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellerton 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 Kellerton, Iowa
Property taxes in Kellerton, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kellerton is 1.47%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Kellerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kellerton 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 Kellerton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50133 zip code has the highest median property tax rate of 1.47%, while the same 50133 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Kellerton provides valuable insights into the varying tax landscape across Ringgold County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kellerton Tax Rate
1.47%
Average Ringgold County Tax Rate
1.44%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kellerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50133 | 1.07% | 1.26% | 1.47% | 1.79% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Kellerton, Iowa
In Kellerton, 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 Ringgold 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. Assessment notices in Kellerton 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 Kellerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ringgold County, the median home price is $67,032, with tax bills ranging from $458 at the 25th percentile to $2,795 at the 90th percentile. The zip code 50133 has both the highest and lowest median tax bill of $1,022.
Average Kellerton Assessed Value
$67,032
Average Ringgold County Assessed Value
$101,674
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kellerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50133 | $6,316 | $33,226 | $67,032 | $136,895 | $212,766 |
Source: Ownwell
Property Tax Bills Across Kellerton, Iowa
In Kellerton, located in Ringgold County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate factors such as the property's size, age, location, and condition. The median home price in Kellerton is $67,032. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Kellerton experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $458, while at the 75th percentile, it rises to $1,792. At the 90th percentile, homeowners can expect to pay around $2,795. Comparatively, the national median property tax rate stands at 0.99%, highlighting the variability in tax burdens across different regions. These tax bills fund essential community services such as schools, infrastructure, and public safety, directly impacting the quality of life for Kellerton residents.
Average Kellerton Tax Bill
$1,022
Average Ringgold County Tax Bill
$1,488
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50133 | $152 | $458 | $1,022 | $1,792 | $2,795 |
Source: Ownwell