Carlisle, Iowa Property Taxes
The median property tax rate in Carlisle, IA is 1.62%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Carlisle, the typical annual property tax bill reaches $3,368, exceeding the national median of $2,690. Property taxes in Carlisle 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 Carlisle'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 Carlisle 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
Carlisle, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$3,658
Ownwell’s Carlisle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlisle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlisle 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 Carlisle, Iowa
Property taxes in Carlisle, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlisle is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carlisle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlisle 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 Carlisle's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50047 zip code has the highest median property tax rate of 1.62%, while the 50047 zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Carlisle provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlisle Tax Rate
1.62%
Average Warren County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50047 | 1.08% | 1.24% | 1.62% | 1.73% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, Iowa
In Carlisle, 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 Warren 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 Carlisle, 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 Carlisle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Carlisle is $3,368 in the 50047 zip code, whereas the lowest median tax bill is also $3,368 in the same zip code.
Average Carlisle Assessed Value
$225,800
Average Warren County Assessed Value
$233,350
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50047 | $101,340 | $167,700 | $225,800 | $323,650 | $429,370 |
Source: Ownwell
Property Tax Bills Across Carlisle, Iowa
In Carlisle, IA, located in Warren County, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors considered in the assessment include the property's market value, location, and any improvements made. The median home price in Carlisle is $225,800, and tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $2,560 annually, while those in the 75th percentile face bills of approximately $4,670. At the 90th percentile, tax bills can reach up to $6,236. These figures highlight the variability in property tax burdens, which can have a substantial impact on homeowners' finances. Comparing this to the national median property tax rate of 0.99%, Carlisle's property taxes are relatively high, making it crucial for homeowners to understand their tax obligations and explore potential exemptions or appeals to manage costs effectively.
Average Carlisle Tax Bill
$3,368
Average Warren County Tax Bill
$3,534
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50047 | $1,251 | $2,560 | $3,368 | $4,670 | $6,236 |
Source: Ownwell