Ainsworth, Iowa Property Taxes
The median property tax rate in Ainsworth, IA is 1.26%, considerably higher than the national median of 0.99% yet lower than the Iowa state median of 1.54%. With the median home value in Ainsworth, the typical annual property tax bill reaches $2,137, which is below the national median of $2,690. Property taxes in Ainsworth are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Ainsworth'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 Ainsworth 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
Ainsworth, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,105
Ownwell’s Ainsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ainsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ainsworth 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 Ainsworth, Iowa
Property taxes in Ainsworth, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ainsworth is 1.26%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Ainsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ainsworth 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 Ainsworth's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52201 zip code has the highest median property tax rate of 1.26%, while the 52201 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Ainsworth provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ainsworth Tax Rate
1.26%
Average Washington County Tax Rate
1.51%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ainsworth, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52201 | 1.08% | 1.15% | 1.26% | 1.37% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Ainsworth, Iowa
In Ainsworth, 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 Washington 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 Ainsworth, 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 Ainsworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52201, both at $2,137, reflecting the uniformity in tax assessments within the area.
Average Ainsworth Assessed Value
$167,100
Average Washington County Assessed Value
$175,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ainsworth, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52201 | $54,400 | $99,625 | $167,100 | $263,175 | $374,050 |
Source: Ownwell
Property Tax Bills Across Ainsworth, Iowa
In Ainsworth, IA, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Factors such as the median home price, which is $167,100, play a significant role in this calculation. Homeowners in Ainsworth can expect a wide range of tax bills, with the 25th percentile around $1,241 and the 75th percentile reaching up to $3,108. The highest median tax bill in the area is $2,137, which is consistent across the zip code 52201. Compared to the national median property tax rate of 0.99%, homeowners in Ainsworth may find their tax rates either higher or lower, depending on the specific assessed value of their property. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Ainsworth Tax Bill
$2,137
Average Washington County Tax Bill
$2,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Ainsworth, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52201 | $667 | $1,241 | $2,137 | $3,108 | $4,165 |
Source: Ownwell