Crawfordsville, Iowa Property Taxes
The median property tax rate in Crawfordsville, IA is 1.16%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $134,795 in Crawfordsville, the typical annual property tax bill amounts to $1,577, falling below the national median of $2,690. Property taxes in Crawfordsville are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Crawfordsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Crawfordsville or another part of Louisa County, familiarizing yourself with 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
1.16%
Estimate Property Tax Bill
$1,564
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawfordsville is 1.16%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Crawfordsville set these rates annually, and they can vary significantly 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. The data below compares Crawfordsville's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52621 has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Crawfordsville provides valuable insights into the varying tax landscape across Louisa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawfordsville Tax Rate
1.16%
Average Louisa County Tax Rate
1.21%
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 | 0.89% | 1.05% | 1.16% | 1.39% | 1.46% |
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 Louisa 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 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 highest median tax bill in the area is $1,577 in the 52621 zip code, while the lowest median tax bill is also $1,577 in the same zip code.
Average Crawfordsville Assessed Value
$134,795
Average Louisa County Assessed Value
$108,425
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 | $34,685 | $69,728 | $134,795 | $202,425 | $312,650 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Iowa
In Crawfordsville, located in Louisa County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area stands at $134,795, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence this calculation, including the property's size, location, and any improvements made. For homeowners in Crawfordsville, understanding the range of tax bills is crucial. The 25th percentile tax bill is $782, while the 75th percentile reaches $2015. At the higher end, the 90th percentile tax bill can be as much as $3293. These figures indicate a significant variation in tax obligations based on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Crawfordsville's tax rates can be seen as relatively moderate, impacting homeowners by determining their yearly financial responsibilities tied to property ownership.
Average Crawfordsville Tax Bill
$1,577
Average Louisa County Tax Bill
$1,366
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 | $333 | $782 | $1,577 | $2,015 | $3,293 |
Source: Ownwell