Roland, Iowa Property Taxes
The median property tax rate in Roland, IA is 1.20%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Roland, the typical annual property tax bill reaches $5,124, significantly exceeding the national median of $2,690. Property taxes in Roland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Roland'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 Roland 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
Roland, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$5,207
Ownwell’s Roland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roland 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 Roland, Iowa
Property taxes in Roland, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Roland is 1.20%, higher than the U.S. national median of 0.99%. Local government entities within Roland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roland 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 Roland's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50236 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Roland provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roland Tax Rate
1.20%
Average Hamilton County Tax Rate
1.61%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50236 | 0.86% | 1.14% | 1.20% | 1.22% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Roland, Iowa
In Roland, 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 Hamilton 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. Assessment notices in Roland 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 Roland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Roland is $5,124 in the 50236 zip code, while the lowest is also $5,124 in the same zip code.
Average Roland Assessed Value
$433,940
Average Hamilton County Assessed Value
$127,340
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50236 | $96,880 | $200,358 | $433,940 | $566,088 | $599,944 |
Source: Ownwell
Property Tax Bills Across Roland, Iowa
In Roland, Hamilton County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this assessment, including property size, location, and market conditions. For instance, the median home price in Roland is $433,940. Homeowners in the 25th percentile of tax bills pay around $2,346, while those in the 75th percentile pay approximately $6,589. The top 10% of tax bills can reach up to $7,254. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community. Compared to the national median property tax rate of 0.99%, the rates in Roland can vary significantly, leading to a wide range of tax bills. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Roland Tax Bill
$5,124
Average Hamilton County Tax Bill
$1,946
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Roland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50236 | $820 | $2,346 | $5,124 | $6,589 | $7,254 |
Source: Ownwell