Halbur, Iowa Property Taxes
The median property tax rate in Halbur, IA is 1.01%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $116,730 in Halbur, the typical annual property tax bill amounts to $1,124, which is below the national median of $2,690. Property taxes in Halbur are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Halbur's property tax system, exploring available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Halbur or another part of Carroll County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Halbur, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,179
Ownwell’s Halbur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Halbur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Halbur 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 Halbur, Iowa
Property taxes in Halbur, Iowa, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Halbur is 1.01%, higher than both the Iowa state median of 1.01% and the U.S. national median of 0.99%. Local government entities within Halbur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halbur 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 Halbur's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51444 zip code has the highest median property tax rate of 1.01%, while the 51444 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Halbur 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 Halbur Tax Rate
1.01%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halbur, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51444 | 0.82% | 0.93% | 1.01% | 1.15% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Halbur, Iowa
In Halbur, 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 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 Halbur, 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. With a median home price of $116,730, understanding these valuation concepts can help property owners better navigate their tax responsibilities. The median tax bill in Halbur is $1,124, which is significantly higher than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Halbur Assessed Value
$116,730
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 Halbur, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51444 | $62,987 | $87,335 | $116,730 | $171,392 | $264,540 |
Source: Ownwell
Property Tax Bills Across Halbur, Iowa
In Halbur, located in Carroll County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the property's value is assessed, the local tax rate is applied to calculate the annual tax bill. For homeowners in Halbur, the median home price stands at $116,730. Property tax bills can vary significantly, with the 25th percentile tax bill at $871 and the 75th percentile reaching $1,724. At the higher end, the 90th percentile tax bill can climb to $2,724. These variations are influenced by factors such as property size, location, and any applicable exemptions. Comparatively, Halbur's property tax rate is below the national median of 0.99%, making it relatively affordable for homeowners. Understanding these factors is crucial for homeowners, as property taxes directly impact annual housing costs and long-term financial planning.
Average Halbur Tax Bill
$1,124
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Halbur, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51444 | $665 | $871 | $1,124 | $1,724 | $2,724 |
Source: Ownwell