Ida Grove, Iowa Property Taxes
The median property tax rate in Ida Grove, IA is 1.72%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Ida Grove, the typical annual property tax bill reaches $1,579, exceeding the national median of $2,690. Property taxes in Ida Grove 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 Ida Grove'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 Ida Grove 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
Ida Grove, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$1,613
Ownwell’s Ida Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ida Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ida Grove 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 Ida Grove, Iowa
Property taxes in Ida Grove, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ida Grove is 1.72%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Ida Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ida Grove 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 Ida Grove's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51445 has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Ida Grove provides valuable insights into the varying tax landscape across Ida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ida Grove Tax Rate
1.72%
Average Ida County Tax Rate
1.68%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ida Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51445 | 1.18% | 1.57% | 1.72% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Ida Grove, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ida Grove, 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 local 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 Ida Grove, 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. For instance, the zip code 51445 in Ida Grove has the highest median tax bill at $1,579. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ida Grove Assessed Value
$93,790
Average Ida County Assessed Value
$93,540
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ida Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51445 | $32,634 | $56,060 | $93,790 | $152,370 | $239,102 |
Source: Ownwell
Property Tax Bills Across Ida Grove, Iowa
In Ida Grove, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessment reflects the market value of the property, taking into account factors like location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Ida Grove, the tax bill can vary significantly. At the 25th percentile, the annual tax bill is around $954, while at the 75th percentile, it rises to approximately $2,540. For those at the 90th percentile, the tax bill can reach up to $3,863. The median home price in Ida Grove is $93,790, and the property tax rate in the region is higher than the national median of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners should be aware of these factors to better understand their financial obligations and the benefits they receive in return.
Average Ida Grove Tax Bill
$1,579
Average Ida County Tax Bill
$1,560
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Ida Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51445 | $537 | $954 | $1,579 | $2,540 | $3,863 |
Source: Ownwell