Massena, Iowa Property Taxes
The median property tax rate in Massena, IA is 1.40%, which is higher than the national median of 0.99% but slightly below the Iowa state median of 1.54%. With a median home value of $117,860 in Massena, the typical annual property tax bill amounts to $1,587, which is lower than the national median of $2,690. Property taxes in Massena are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Massena'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 Massena or another part of Cass County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Massena, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,650
Ownwell’s Massena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Massena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Massena 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 Massena, Iowa
Property taxes in Massena, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Massena is 1.40%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Massena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Massena 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 Massena's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50853 zip code has the highest median property tax rate of 1.40%, while the 50853 zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Massena provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Massena Tax Rate
1.40%
Average Cass County Tax Rate
1.47%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Massena, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50853 | 0.92% | 1.09% | 1.40% | 1.61% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Massena, Iowa
In Massena, 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 Cass 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 Massena, 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 Massena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 50853, with a median tax bill of $1,587.
Average Massena Assessed Value
$117,860
Average Cass County Assessed Value
$121,160
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Massena, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50853 | $25,416 | $54,160 | $117,860 | $193,268 | $286,448 |
Source: Ownwell
Property Tax Bills Across Massena, Iowa
In Massena, located in Cass County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax bill is a product of this assessed value and the local tax rate. For homeowners in Massena, several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. The median home price in Massena is $117,860, and homeowners can expect a range of tax bills depending on their property's assessed value. At the 25th percentile, the tax bill is approximately $870, while at the 75th percentile, it reaches around $2,336. For those at the 90th percentile, the tax bill can be as high as $3,342. These figures illustrate the variability in property tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Massena's rates reflect local economic conditions and funding needs.
Average Massena Tax Bill
$1,587
Average Cass County Tax Bill
$1,732
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Massena, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50853 | $387 | $870 | $1,587 | $2,336 | $3,342 |
Source: Ownwell