Moulton, Iowa Property Taxes
The median property tax rate in Moulton, IA is 1.74%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Moulton, the typical annual property tax bill reaches $2,586, slightly below the national median of $2,690. Property taxes in Moulton 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 Moulton'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 Moulton 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
Moulton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$2,527
Ownwell’s Moulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moulton 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 Moulton, Iowa
Property taxes in Moulton, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Moulton is 1.74%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Moulton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moulton 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 Moulton's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 52572 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these areas compare with Moulton provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moulton Tax Rate
1.74%
Average Davis County Tax Rate
1.75%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moulton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52572 | 1.42% | 1.64% | 1.74% | 1.84% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Moulton, Iowa
In Moulton, 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 Davis 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 Moulton, 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 Moulton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2,586 in the 52572 zip code, while the lowest median tax bill is also $2,586 in the same zip code.
Average Moulton Assessed Value
$145,255
Average Davis County Assessed Value
$127,685
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moulton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52572 | $45,858 | $93,900 | $145,255 | $219,038 | $301,865 |
Source: Ownwell
Property Tax Bills Across Moulton, Iowa
In Moulton, property tax bills are calculated based on the assessed value of a property, which is determined by the Davis County assessor. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Moulton experience varying tax bills. For instance, the 25th percentile tax bill is around $1,722, while the 75th percentile can reach up to $3,876. At the 90th percentile, homeowners might see tax bills as high as $4,922. The highest median tax bill in the area is $2,586, which is significantly higher than the national median property tax rate of 0.99%. These property taxes can impact homeowners' budgets and influence decisions about property improvements and investments. Understanding how these taxes are calculated helps homeowners plan and manage their finances more effectively.
Average Moulton Tax Bill
$2,586
Average Davis County Tax Bill
$2,254
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Moulton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52572 | $669 | $1,722 | $2,586 | $3,876 | $4,922 |
Source: Ownwell