Crawfordsville, Iowa Property Taxes
The median property tax rate in Crawfordsville, IA is 1.66%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Crawfordsville, the typical annual property tax bill reaches $566, which is lower than the national median of $2,690. Property taxes in Crawfordsville 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 Crawfordsville'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 Crawfordsville 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
Crawfordsville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,712
Ownwell’s Crawfordsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawfordsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawfordsville 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 Crawfordsville, Iowa
Property taxes in Crawfordsville, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawfordsville is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Crawfordsville set these rates annually, and they can vary across different neighborhoods. Each year, Crawfordsville 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. For comparison, the zip code 52621 within Henry County has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these rates compare with Crawfordsville provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawfordsville Tax Rate
1.66%
Average Henry County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawfordsville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52621 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Crawfordsville, Iowa
In Crawfordsville, 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 Henry 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 Crawfordsville, 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 Crawfordsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 52621, both at $566.
Average Crawfordsville Assessed Value
$103,110
Average Henry County Assessed Value
$136,180
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crawfordsville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52621 | $47,918 | $68,615 | $103,110 | $137,605 | $158,302 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Iowa
In Crawfordsville, IA, located in Henry County, property tax bills are calculated based on the assessed value of the home. The median home price in Crawfordsville is $103,110. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. In this region, the median property tax bill is $566, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. Homeowners in Crawfordsville benefit from relatively low property taxes, which can make homeownership more affordable compared to other regions. This lower tax burden can positively impact household budgets, allowing residents to allocate funds to other essential areas such as education, healthcare, or home improvements. Understanding how property taxes are calculated can help homeowners effectively plan their finances and explore potential savings through exemptions.
Average Crawfordsville Tax Bill
$566
Average Henry County Tax Bill
$2,175
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawfordsville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52621 | $566 | $566 | $566 | $566 | $566 |
Source: Ownwell