Evansdale, Iowa Property Taxes
The median property tax rate in Evansdale, IA is 1.19%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $120,730 in Evansdale, the typical annual property tax bill amounts to $1,478, falling below the national median of $2,690. Property taxes in Evansdale are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Evansdale'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 Evansdale or another part of Black Hawk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Evansdale, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,437
Ownwell’s Evansdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evansdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evansdale 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 Evansdale, Iowa
Property taxes in Evansdale, IA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evansdale is 1.19%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Evansdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evansdale 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 Evansdale's effective property tax rate to other areas in Iowa and the national median. For comparison, the 50707 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Evansdale provides valuable insights into the varying tax landscape across Black Hawk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evansdale Tax Rate
1.19%
Average Black Hawk County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evansdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50707 | 1.06% | 1.11% | 1.19% | 1.34% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Evansdale, Iowa
In Evansdale, 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 Black Hawk County Appraisal District 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 Evansdale, 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 Evansdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Evansdale is 50707, with a median tax bill of $1,478.
Average Evansdale Assessed Value
$120,730
Average Black Hawk County Assessed Value
$149,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evansdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50707 | $47,740 | $78,860 | $120,730 | $162,730 | $225,024 |
Source: Ownwell
Property Tax Bills Across Evansdale, Iowa
In Evansdale, located in Black Hawk County, IA, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $120,730, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $1,014, while at the 75th percentile, it rises to approximately $2,002. At the 90th percentile, it can reach up to $2,777. Several factors influence the property tax bill, including property improvements, market conditions, and local government budgets. These taxes are crucial for funding public services such as schools, emergency services, and infrastructure improvements. Homeowners in Evansdale should be aware of these factors as they can significantly impact annual property expenses. Compared to the national median property tax rate of 0.99%, the tax rates in Evansdale reflect the local economic and administrative landscape.
Average Evansdale Tax Bill
$1,478
Average Black Hawk County Tax Bill
$2,318
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Evansdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50707 | $702 | $1,014 | $1,478 | $2,002 | $2,777 |
Source: Ownwell