Harcourt, Iowa Property Taxes
The median property tax rate in Harcourt, IA is 0.99%, aligning with the national median of 0.99% but significantly lower than the Iowa state median of 1.54%. With the median home value in Harcourt, the typical annual property tax bill reaches $1,100, which is below the national median of $2,690. Property taxes in Harcourt 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 Harcourt'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 Harcourt 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
Harcourt, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$982
Ownwell’s Harcourt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harcourt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harcourt 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 Harcourt, Iowa
Property taxes in Harcourt, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Harcourt is 1.25%, higher than both the Iowa state median of 1.15% and the U.S. national median of 0.99%. Local government entities within Harcourt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harcourt 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 Harcourt's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50544 zip code has both the highest and lowest median property tax rate of 1.25%. Understanding how these cities compare with Harcourt provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harcourt Tax Rate
0.99%
Average Webster County Tax Rate
1.86%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harcourt, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50544 | 0.82% | 0.91% | 0.99% | 1.14% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Harcourt, Iowa
In Harcourt, 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 Webster County Assessment Office 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 Harcourt, 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 Harcourt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Harcourt is $1100, found in the 50544 zip code.
Average Harcourt Assessed Value
$99,185
Average Webster County Assessed Value
$94,900
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harcourt, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50544 | $29,273 | $64,365 | $99,185 | $167,510 | $233,714 |
Source: Ownwell
Property Tax Bills Across Harcourt, Iowa
In Harcourt, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. For homeowners in Harcourt, the tax rate and assessed value are crucial factors influencing their tax obligations. Homeowners in Harcourt face a range of tax bills. The 25th percentile tax bill is approximately $635, indicating that a quarter of homeowners pay less than this amount annually. On the higher end, the 75th percentile tax bill is around $1,644, while the 90th percentile reaches up to $2,424. These figures highlight the variability in property tax bills within the city, influenced by property values and the specific characteristics of each home. Compared to the national median property tax rate of 0.99%, Harcourt's property tax rates can significantly impact homeowners' financial planning and overall cost of living.
Average Harcourt Tax Bill
$1,100
Average Webster County Tax Bill
$1,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Harcourt, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50544 | $210 | $635 | $1,100 | $1,644 | $2,424 |
Source: Ownwell