Wever, Iowa Property Taxes
The median property tax rate in Wever, IA is 1.31%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Wever, the typical annual property tax bill amounts to $544, significantly below the national median of $2,690. Property taxes in Wever are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Wever's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wever or another part of Des Moines County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wever, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$536
Ownwell’s Wever Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wever with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wever 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 Wever, Iowa
Property taxes in Wever, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wever is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wever set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wever 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 Wever's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52658 zip code has the highest median property tax rate of 1.31%, while the 52658 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Wever provides valuable insights into the varying tax landscape across Des Moines County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wever Tax Rate
1.31%
Average Des Moines County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wever, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52658 | 1.08% | 1.18% | 1.31% | 1.41% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Wever, Iowa
In Wever, 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 Des Moines 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 Wever, 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. The median home price in Wever is $40,950, with tax bills ranging from $138 at the 25th percentile to $1,386 at the 90th percentile. The highest and lowest median tax bill in Wever is $544 in zip code 52658. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wever Assessed Value
$40,950
Average Des Moines County Assessed Value
$105,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wever, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52658 | $5,150 | $11,900 | $40,950 | $77,175 | $111,430 |
Source: Ownwell
Property Tax Bills Across Wever, Iowa
In Wever, located in Des Moines County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in Wever, the median home price is $40,950, and the property tax rate is reflective of the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. In Wever, tax bills can vary significantly, with the 25th percentile at $138 and the 75th percentile reaching $1,010. The highest median tax bill recorded in the area is $544, which is consistent across the zip code 52658. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in budgeting and financial planning, ensuring they are prepared for their annual tax obligations.
Average Wever Tax Bill
$544
Average Des Moines County Tax Bill
$1,606
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Wever, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52658 | $66 | $138 | $544 | $1,010 | $1,386 |
Source: Ownwell