Linden, Iowa Property Taxes
The median property tax rate in Linden, IA is 1.10%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Linden being $266,100, the typical annual property tax bill reaches $2,830, surpassing the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Linden'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 Linden 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
Linden, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,927
Ownwell’s Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden 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 Linden, Iowa
Property taxes in Linden, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linden 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 Linden's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 50146 has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Linden provides valuable insights into the varying tax landscape across Guthrie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
1.10%
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | 0.69% | 1.02% | 1.10% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Linden, Iowa. 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 Guthrie 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 Linden, 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 Linden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Linden, the median home price is $266,100, with property tax bills ranging from $1,827 at the 25th percentile to $4,084 at the 90th percentile. The zip code 50146 has both the highest and lowest median tax bill at $2,830.
Average Linden Assessed Value
$266,100
Average Guthrie County Assessed Value
$152,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | $79,000 | $171,250 | $266,100 | $321,950 | $362,200 |
Source: Ownwell
Property Tax Bills Across Linden, Iowa
Property tax bills in Linden, located in Guthrie County, IA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. In Linden, the median home price is $266,100, which serves as a basis for calculating property taxes. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property improvements, changes in the local tax rate, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $1,827, while at the 75th percentile, it reaches $4,014. The highest median tax bill in the area is $2,830, as found in the zip code 50146. These variations can significantly impact homeowners, as higher property values and tax rates result in higher tax bills. Compared to the national median property tax rate of 0.99%, Linden's rates may provide a different financial landscape for its residents.
Average Linden Tax Bill
$2,830
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | $544 | $1,827 | $2,830 | $4,014 | $4,084 |
Source: Ownwell