Hiawatha, Iowa Property Taxes
The median property tax rate in Hiawatha, IA is 1.23%, 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 $14,950 in Hiawatha, the typical annual property tax bill amounts to $184, significantly below the national median of $2,690. Property taxes in Hiawatha are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Hiawatha's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hiawatha 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
Hiawatha, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$184
Ownwell’s Hiawatha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hiawatha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hiawatha 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 Hiawatha, Iowa
Property taxes in Hiawatha, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hiawatha is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hiawatha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hiawatha 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 Hiawatha's effective property tax rate to other areas and the national median. For comparison, the 52233 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Hiawatha 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 Hiawatha Tax Rate
1.23%
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 Hiawatha, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52233 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Hiawatha, Iowa
In Hiawatha, 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 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 Hiawatha, 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 Hiawatha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hiawatha is $14,950, with the highest and lowest median tax bills both at $184 in the 52233 zip code.
Average Hiawatha Assessed Value
$14,950
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 Hiawatha, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52233 | $14,950 | $14,950 | $14,950 | $14,950 | $14,950 |
Source: Ownwell
Property Tax Bills Across Hiawatha, Iowa
In Hiawatha, located in Black Hawk County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Hiawatha pay a median property tax rate that is consistent with the county's standards. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Hiawatha is $14,950, and the median property tax bill is $184, which is significantly lower than the national median property tax rate of 0.99%. This lower property tax rate can be advantageous for homeowners, making homeownership more affordable and potentially increasing the attractiveness of the area for new buyers. However, it's essential for homeowners to stay informed about any changes in local tax rates or property assessments, as these can directly impact their annual tax obligations.
Average Hiawatha Tax Bill
$184
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 Hiawatha, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52233 | $184 | $184 | $184 | $184 | $184 |
Source: Ownwell