Ogden, Iowa Property Taxes
The median property tax rate in Ogden, IA is 1.25%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Ogden, the typical annual property tax bill reaches $2,348, which is below the national median of $2,690. Property taxes in Ogden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ogden'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 Ogden 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
Ogden, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,478
Ownwell’s Ogden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogden 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 Ogden, Iowa
Property taxes in Ogden, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogden is 1.25%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Ogden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogden 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 Ogden's effective property tax rate to other areas in Boone County and the national median. For comparison, the zip code 50212 has the highest median property tax rate of 1.25%, while the lowest median tax rate is also found in zip code 50212 at 1.25%. Understanding how these areas compare with Ogden provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogden Tax Rate
1.25%
Average Boone County Tax Rate
1.33%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50212 | 0.89% | 0.99% | 1.25% | 1.34% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ogden, Iowa
In Ogden, 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 Boone 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 Ogden, 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 Ogden is $198,246, with annual tax bills ranging from $1,573 at the 25th percentile to $3,773 at the 90th percentile. 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 Ogden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ogden Assessed Value
$198,246
Average Boone County Assessed Value
$185,354
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50212 | $74,025 | $132,776 | $198,246 | $269,637 | $347,154 |
Source: Ownwell
Property Tax Bills Across Ogden, Iowa
In Ogden, located in Boone County, IA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. Several factors influence this assessment, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Ogden, the median home price is $198,246. Property tax bills can vary widely, with the 25th percentile tax bill at $1,573 and the 75th percentile reaching $3,109. In some cases, tax bills can go as high as $3,773, representing the 90th percentile. Comparatively, the highest and lowest median tax bills in Boone County both stand at $2,348, which is above the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, law enforcement, and infrastructure maintenance, directly impacting the quality of life for Ogden residents.
Average Ogden Tax Bill
$2,348
Average Boone County Tax Bill
$2,464
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50212 | $958 | $1,573 | $2,348 | $3,109 | $3,773 |
Source: Ownwell