Swedesburg, Iowa Property Taxes
The median property tax rate in Swedesburg, IA is 1.41%, notably higher than the national median of 0.99% but slightly below the Iowa state median of 1.54%. With the median home value in Swedesburg at $120,820, the typical annual property tax bill amounts to $1,665, which is lower than the national median of $2,690. Property taxes in Swedesburg are based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Swedesburg'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 Swedesburg or another part of Henry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swedesburg, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,704
Ownwell’s Swedesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swedesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swedesburg 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 Swedesburg, Iowa
Property taxes in Swedesburg, Iowa, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swedesburg is 1.41%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Swedesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swedesburg 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 Swedesburg's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52652 zip code has the highest median property tax rate of 1.41%, while the 52652 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Swedesburg 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 Swedesburg Tax Rate
1.41%
Average Henry County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swedesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52652 | 1.30% | 1.34% | 1.41% | 1.50% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Swedesburg, Iowa
In Swedesburg, 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 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 Swedesburg, 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 Swedesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Swedesburg is 52652, with a tax bill of $1,665. Conversely, the same zip code has the lowest median tax bill, also at $1,665.
Average Swedesburg Assessed Value
$120,820
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 Swedesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52652 | $19,987 | $78,298 | $120,820 | $159,445 | $233,787 |
Source: Ownwell
Property Tax Bills Across Swedesburg, Iowa
In Swedesburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the property tax rate set by Henry County. For homeowners in Swedesburg, the median home price is $120,820, and property tax bills can vary significantly. Factors such as the home's location, size, and condition are considered when determining its assessed value. Homeowners in Swedesburg can expect property tax bills ranging from $1,041 at the 25th percentile to $2,165 at the 75th percentile, with the highest bills reaching up to $3,446 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Swedesburg's property tax rates can have a notable impact on homeowners' annual expenses. Understanding how these factors influence property tax bills can help homeowners better anticipate their financial obligations and plan accordingly.
Average Swedesburg Tax Bill
$1,665
Average Henry County Tax Bill
$2,175
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Swedesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52652 | $285 | $1,041 | $1,665 | $2,165 | $3,446 |
Source: Ownwell