South English, Iowa Property Taxes
The median property tax rate in South English, IA is 1.25%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in South English, the typical annual property tax bill reaches $2,404, just below the national median of $2,690. Property taxes in South English 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 South English'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 South English 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
South English, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,408
Ownwell’s South English Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South English with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate specific to South English, providing an accurate estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities, ensuring you are well-prepared. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across South English, Iowa
Property taxes in South English, Iowa, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in South English is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities in South English set these rates annually, and they can vary significantly across different neighborhoods. Each year, South English 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 for setting property tax rates. The data below compares South English's effective property tax rate to the national median. For comparison, the highest median property tax rate in the region is also 1.25%, while the lowest median tax rate is similarly 1.25%. Understanding how South English compares with other areas provides valuable insights into the varying tax landscape across Iowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South English Tax Rate
1.25%
Average Iowa County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across South English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52335 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across South English, Iowa
In South English, 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 Iowa 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 South English, 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. The median home price in South English is $192,670, and the median tax bill is $2,404. Notably, the highest and lowest median tax bills are both $2,404, found in the 52335 zip code. 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 South English helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South English Assessed Value
$192,670
Average Iowa County Assessed Value
$157,090
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52335 | $192,670 | $192,670 | $192,670 | $192,670 | $192,670 |
Source: Ownwell
Property Tax Bills Across South English, Iowa
In South English, located in Iowa County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects the market value of the property. The median home price in South English is $192,670. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in South English, the property tax bill is quite uniform, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $2,404. This consistency indicates a stable tax environment in the area. Compared to the national median property tax rate of 0.99%, the tax rate in South English may seem high, but it ensures that essential public services such as schools, roads, and emergency services are adequately funded. For homeowners, understanding these factors is crucial as property taxes represent a significant portion of homeownership costs and can impact long-term financial planning.
Average South English Tax Bill
$2,404
Average Iowa County Tax Bill
$2,134
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across South English, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52335 | $2,404 | $2,404 | $2,404 | $2,404 | $2,404 |
Source: Ownwell