Kalona, Iowa Property Taxes
The median property tax rate in Kalona, IA is 1.53%, slightly lower than the Iowa state median of 1.54% but significantly higher than the national median of 0.99%. With a median home value of $236,600 in Kalona, the typical annual property tax bill reaches $3,390, surpassing the national median of $2,690. Property taxes in Kalona are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kalona'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 Kalona 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
Kalona, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$3,620
Ownwell’s Kalona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalona 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 Kalona, Iowa
Property taxes in Kalona, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kalona is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kalona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalona 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 Kalona's effective property tax rate to other areas and the national median. For comparison, the zip code 52247 has the highest median property tax rate of 1.53%, while also being the lowest median tax rate in the area at 1.53%. Understanding how these cities compare with Kalona 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 Kalona Tax Rate
1.53%
Average Washington County Tax Rate
1.51%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | 1.21% | 1.28% | 1.53% | 1.59% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Kalona, Iowa
In Kalona, 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 Kalona, 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 Kalona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kalona, the median home price is $236,600, with the highest median tax bill found in the 52247 zip code at $3,390. The 25th percentile tax bill is $2,374, while the 75th percentile tax bill is $4,616, and the 90th percentile tax bill reaches $5,755.
Average Kalona Assessed Value
$236,600
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 Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | $104,470 | $164,950 | $236,600 | $321,075 | $416,710 |
Source: Ownwell
Property Tax Bills Across Kalona, Iowa
In Kalona, Washington County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Kalona experience varying tax bills. For instance, the 25th percentile tax bill is approximately $2,374, while the 75th percentile reaches $4,616. At the higher end, the 90th percentile tax bill can be as much as $5,755. These figures highlight the range of property tax burdens within the area, reflecting differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, Kalona's tax rates and bills can significantly impact homeowners' finances, making it crucial for residents to understand how their property taxes are calculated and what factors might influence their annual obligations.
Average Kalona Tax Bill
$3,390
Average Washington County Tax Bill
$2,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | $1,501 | $2,374 | $3,390 | $4,616 | $5,755 |
Source: Ownwell