Webster City, Iowa Property Taxes
The median property tax rate in Webster City, IA is 1.08%, slightly above the national median of 0.99% but below the Iowa state median of 1.54%. With a median home value of $168,510 in Webster City, the typical annual property tax bill reaches $2,174, which is lower than the national median of $2,690. Property taxes in Webster City are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Webster City'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 Webster City 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
Webster City, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,820
Ownwell’s Webster City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webster City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster City 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 Webster City, Iowa
Property taxes in Webster City, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webster City is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Webster City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster City 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 Webster City's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50595 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Webster City provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Webster City Tax Rate
1.08%
Average Webster County Tax Rate
1.86%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webster City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50595 | 1.06% | 1.07% | 1.08% | 1.19% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Webster City, Iowa
In Webster City, 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 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 Webster City, 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. For instance, the median home price in Webster City is $168,510, with annual tax bills ranging from $1,674 at the 25th percentile to $2,632 at the 90th percentile. The zip code 50595 has both the highest and lowest median tax bill at $2,174. 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 Webster City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Webster City Assessed Value
$168,510
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 Webster City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50595 | $120,454 | $138,475 | $168,510 | $214,265 | $241,718 |
Source: Ownwell
Property Tax Bills Across Webster City, Iowa
In Webster City, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by the city and county authorities. For instance, the median home price in Webster City is $168,510. Property tax bills can vary significantly, with the 25th percentile at $1,674 and the 75th percentile at $2,460, reflecting the range of home values and tax rates within the area. Several factors influence the tax bill, including the home's location, size, and market value. The highest median tax bill recorded is $2,174 in the 50595 zip code, which is also the lowest median tax bill, indicating uniformity in property tax rates across the city. Compared to the national median property tax rate of 0.99%, homeowners in Webster City may find their tax bills relatively moderate, though individual circumstances can lead to variations. These taxes are essential for funding local services, impacting homeowners through their annual financial obligations.
Average Webster City Tax Bill
$2,174
Average Webster County Tax Bill
$1,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Webster City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50595 | $1,374 | $1,674 | $2,174 | $2,460 | $2,632 |
Source: Ownwell