Des Moines, Iowa Property Taxes
The median property tax rate in Des Moines, IA is 1.11%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Des Moines at $184,300, the typical annual property tax bill comes to $2,068, which is below the national median of $2,690. Property taxes in Des Moines are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Des Moines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Des Moines 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
Des Moines, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,046
Ownwell’s Des Moines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Moines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Moines 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 Des Moines, Iowa
Property taxes in Des Moines, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Moines is 1.11%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Des Moines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Moines 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 Des Moines' effective property tax rate to other counties in Iowa and the national median. For comparison, the 50320 zip code has the highest median property tax rate of 1.11%, while the 50320 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Des Moines 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 Des Moines Tax Rate
1.11%
Average Warren County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50320 | 1.07% | 1.08% | 1.11% | 1.17% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Des Moines, Iowa
In Des Moines, 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 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 Des Moines, 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. The median home price in Des Moines is $184,300, with tax bills ranging from $1,862 at the 25th percentile to $2,881 at the 90th percentile. The highest and lowest median tax bills are both $2,067 in the 50320 zip code. 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 Des Moines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Des Moines Assessed Value
$184,300
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 Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50320 | $151,630 | $167,525 | $184,250 | $203,225 | $243,210 |
Source: Ownwell
Property Tax Bills Across Des Moines, Iowa
Property tax bills in Des Moines, located in Warren County, IA, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor's office and is intended to reflect the fair market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors that influence the tax bill include the property's location, size, and any improvements made. In Des Moines, the median home price is $184,300. Homeowners in the 25th percentile pay around $1,862 annually, while those in the 75th percentile pay approximately $2,313. At the 90th percentile, the tax bill can reach up to $2,881. Compared to the national median property tax rate of 0.99%, Des Moines homeowners experience a varied range of tax bills, reflecting the diverse property values in the area. This variability means that property taxes can significantly impact a homeowner's annual expenses, making it crucial to understand how these taxes are calculated and what factors are at play.
Average Des Moines Tax Bill
$2,068
Average Warren County Tax Bill
$3,534
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50320 | $1,694 | $1,862 | $2,067 | $2,312 | $2,869 |
Source: Ownwell