Maurice, Iowa Property Taxes
The median property tax rate in Maurice, IA is 1.10%, slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $195,445 in Maurice, the typical annual property tax bill amounts to $2,246, which is below the national median of $2,690. Property taxes in Maurice are based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Maurice'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 Maurice or another part of Sioux County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maurice, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,150
Ownwell’s Maurice Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Maurice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maurice to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. If you’re interested in observing trends at 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, taking into account any applicable exemptions.
Property Tax Rates Across Maurice, Iowa
Property taxes in Maurice, Iowa, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maurice is 0.92%, which is lower than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Maurice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maurice 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 Maurice's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51250 zip code has the highest median property tax rate of 1.53%, while the 51001 zip code has the lowest median tax rate of 0.92%. Understanding how these cities compare with Maurice provides valuable insights into the varying tax landscape across Sioux County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maurice Tax Rate
1.10%
Average Sioux County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | 0.86% | 0.91% | 1.10% | 1.26% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Maurice, Iowa
In Maurice, 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 local 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 Maurice, 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. The median home price in Maurice is $195,445, with property tax bills ranging significantly. The highest median tax bill is $2,246 in the 51036 zip code, which also has the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maurice Assessed Value
$195,445
Average Sioux County Assessed Value
$218,070
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | $72,778 | $140,050 | $195,445 | $282,332 | $375,133 |
Source: Ownwell
Property Tax Bills Across Maurice, Iowa
In Maurice, located in Sioux County, IA, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The median home price in Maurice is $195,445. Homeowners can expect their property tax bills to vary significantly. For instance, those in the 25th percentile face tax bills around $1,590, while those in the 75th percentile see bills closer to $2,963. At the 90th percentile, tax bills can reach up to $3,876. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. This rate takes into account various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. Property taxes in Maurice, while varying, are generally competitive compared to the national median property tax rate of 0.99%. For homeowners, these taxes represent a significant portion of their annual expenses, directly influencing their overall cost of living and financial planning.
Average Maurice Tax Bill
$2,246
Average Sioux County Tax Bill
$2,736
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | $1,118 | $1,590 | $2,246 | $2,963 | $3,876 |
Source: Ownwell