Stuart, Iowa Property Taxes
The median property tax rate in Stuart, IA is 1.40%, notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $144,100 in Stuart, the typical annual property tax bill amounts to $1,860, which is below the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart or another part of Guthrie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stuart, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,017
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, Iowa
Property taxes in Stuart, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50250 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Stuart 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 Stuart Tax Rate
1.40%
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | 0.98% | 1.19% | 1.40% | 1.50% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Iowa
In Stuart, 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 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 Stuart, 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1860, found in the 50250 zip code.
Average Stuart Assessed Value
$144,100
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 Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | $44,200 | $75,100 | $144,100 | $242,500 | $309,500 |
Source: Ownwell
Property Tax Bills Across Stuart, Iowa
In Stuart, IA, located in Guthrie County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the home's market value, and it forms the basis for the tax calculation. Homeowners in Stuart typically see a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,098, while the 75th percentile tax bill reaches up to $3,072. At the higher end, the 90th percentile tax bill can go as high as $4,046. These tax bills are influenced by various factors, including the market value of the property, local tax rates, and any applicable exemptions or deductions. The median home price in Stuart is $144,100, which, when compared to the national median property tax rate of 0.99%, shows that homeowners in this area may experience different financial impacts based on their specific situations. Understanding how these factors interplay helps homeowners anticipate and manage their property tax obligations effectively.
Average Stuart Tax Bill
$1,860
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | $698 | $1,098 | $1,860 | $3,072 | $4,046 |
Source: Ownwell