Guthrie Center, Iowa Property Taxes
The median property tax rate in Guthrie Center, IA is 0.82%, which is lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Guthrie Center at $214,640, the typical annual property tax bill is about $1,758, significantly below the national median of $2,690. Property taxes in Guthrie Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Guthrie Center'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 Guthrie Center 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
Guthrie Center, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,760
Ownwell’s Guthrie Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guthrie Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guthrie Center 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 Guthrie Center, Iowa
Property taxes in Guthrie Center, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guthrie Center is 1.35%, higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Guthrie Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guthrie Center 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 Guthrie Center's effective property tax rate to other counties in Iowa and the national median. For comparison, the highest median property tax rate in Audubon County is 1.35%, while the lowest median tax rate is also 1.35%. Understanding how these cities compare with Guthrie Center provides valuable insights into the varying tax landscape across Audubon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guthrie Center Tax Rate
0.82%
Average Audubon County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guthrie Center, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie Center, Iowa
In Guthrie Center, 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 Audubon 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 Guthrie Center, 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 Guthrie Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50115 has the highest and lowest median tax bill, both at $1,758, which is notably below the national median property tax rate of 0.99%.
Average Guthrie Center Assessed Value
$214,640
Average Audubon County Assessed Value
$103,200
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Guthrie Center, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | $214,640 | $214,640 | $214,640 | $214,640 | $214,640 |
Source: Ownwell
Property Tax Bills Across Guthrie Center, Iowa
In Guthrie Center, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value typically reflects a percentage of the property's market value. For homeowners in Guthrie Center, the median home price is $214,640. The property tax rate in Guthrie Center is higher than the national median property tax rate of 0.99%, resulting in a median tax bill of $1,758. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, homeowners may qualify for exemptions that reduce the taxable value of their property, thereby lowering their tax liability. The tax bill can significantly impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford other expenses. Understanding how property tax bills are calculated helps homeowners plan their finances more effectively and ensures they are prepared for annual tax obligations.
Average Guthrie Center Tax Bill
$1,758
Average Audubon County Tax Bill
$1,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Guthrie Center, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | $1,758 | $1,758 | $1,758 | $1,758 | $1,758 |
Source: Ownwell