Westside, Iowa Property Taxes
The median property tax rate in Westside, IA is 1.18%, 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 $131,450 in Westside, the typical annual property tax bill amounts to $1,568, falling below the national median of $2,690. Property taxes in Westside are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Westside'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 Westside 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
Westside, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,551
Ownwell’s Westside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westside 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 Westside, Iowa
Property taxes in WESTSIDE, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WESTSIDE is 1.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within WESTSIDE set these rates annually, and they can vary significantly across different neighborhoods. Each year, WESTSIDE 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 WESTSIDE's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51467 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with WESTSIDE provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westside Tax Rate
1.18%
Average Crawford County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westside, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51467 | 0.91% | 1.04% | 1.18% | 1.26% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Westside, Iowa
In Westside, 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 Crawford 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 Westside, 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 Westside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 51467, with a median tax bill of $1,568.
Average Westside Assessed Value
$131,450
Average Crawford County Assessed Value
$109,475
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westside, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51467 | $2,126 | $62,890 | $131,450 | $209,810 | $304,462 |
Source: Ownwell
Property Tax Bills Across Westside, Iowa
In Westside, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered during the assessment process. For homeowners in Westside, the median home price is $131,450. The property tax rate in Crawford County results in a range of tax bills. At the 25th percentile, homeowners can expect to pay around $700, while those at the 75th percentile face bills closer to $2,245. The 90th percentile sees tax bills reaching up to $3,168. Comparatively, the national median property tax rate is 0.99%, making it essential for Westside homeowners to understand how local rates and property values impact their annual tax obligations. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning.
Average Westside Tax Bill
$1,568
Average Crawford County Tax Bill
$1,544
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Westside, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51467 | $29 | $700 | $1,568 | $2,245 | $3,168 |
Source: Ownwell