Arcadia, Iowa Property Taxes
The median property tax rate in Arcadia, Iowa is 0.96%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With a median home value of $158,080 in Arcadia, the typical annual property tax bill amounts to $1,536, which is less than the national median of $2,690. Property taxes in Arcadia are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Arcadia'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 Arcadia or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,518
Ownwell’s ARCADIA Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ARCADIA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARCADIA 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 Arcadia, Iowa
Property taxes in Arcadia, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51430 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
0.96%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51430 | 0.77% | 0.88% | 0.96% | 1.06% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Iowa
In Arcadia, 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 Carroll 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 Arcadia, 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 Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Arcadia is $158,080, with the highest and lowest median tax bills both at $1,536 in the zip code 51430.
Average Arcadia Assessed Value
$158,080
Average Carroll County Assessed Value
$153,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51430 | $66,722 | $108,190 | $158,080 | $244,800 | $327,468 |
Source: Ownwell
Property Tax Bills Across Arcadia, Iowa
In Arcadia, Carroll County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The assessed value typically reflects a percentage of the market value of the property, taking into account factors such as location, size, and condition of the home. Homeowners in Arcadia can expect varying property tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $1,024, while the 75th percentile tax bill can reach around $2,342. At the higher end, the 90th percentile tax bill is about $3,203. Comparatively, the highest and lowest median tax bills in the area both stand at $1,536, indicating a relatively consistent tax rate across different properties. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ultimately influencing the overall quality of life in the community.
Average Arcadia Tax Bill
$1,536
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51430 | $611 | $1,024 | $1,536 | $2,342 | $3,203 |
Source: Ownwell