Anita, Iowa Property Taxes
The median property tax rate in Anita, IA is 1.05%, slightly higher than the national median of 0.99% but below the Iowa state median of 1.54%. With a median home value of $155,870 in Anita, the typical annual property tax bill amounts to $1,614, which is lower than the national median of $2,690. Property taxes in Anita are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Anita'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 Anita 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
Anita, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,637
Ownwell’s Anita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anita 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 Anita, Iowa
Property taxes in Anita, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anita is 1.05%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Anita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anita 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 Anita's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50020 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Anita provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anita Tax Rate
1.05%
Average Adair County Tax Rate
1.47%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anita, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | 0.93% | 0.96% | 1.05% | 1.19% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Anita, Iowa
In Anita, 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 Adair 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 Anita, 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 Anita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50020 has both the highest and lowest median tax bill at $1,614, reflecting the uniformity in property tax assessments within the area.
Average Anita Assessed Value
$155,870
Average Adair County Assessed Value
$113,535
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anita, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | $50,482 | $76,470 | $155,870 | $173,295 | $240,957 |
Source: Ownwell
Property Tax Bills Across Anita, Iowa
In Anita, located in Adair County, IA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who evaluate the market value of the property and then apply an assessment ratio. The property tax rate, which in Adair County is competitive compared to the national median rate of 0.99%, is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property size, location, and any improvements or modifications made to the property. For homeowners in Anita, the tax bill can vary significantly. At the 25th percentile, homeowners can expect a tax bill around $894, while those at the 75th percentile might see bills closer to $1,836. The top 10% of properties incur even higher taxes, with bills reaching up to $2,387. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Anita Tax Bill
$1,614
Average Adair County Tax Bill
$1,656
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Anita, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | $692 | $894 | $1,614 | $1,836 | $2,387 |
Source: Ownwell