Primghar, Iowa Property Taxes
The median property tax rate in Primghar, IA is 1.13%, slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Primghar at $105,895, the typical annual property tax bill amounts to $1,178, which is below the national median of $2,690. Property taxes in Primghar are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Primghar'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 Primghar 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
Primghar, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,197
Ownwell’s Primghar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Primghar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Primghar 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 O'Brien County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Primghar, Iowa
Property taxes in Primghar, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Primghar is 1.13%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Primghar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Primghar 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 Primghar's effective property tax rate to other counties in Iowa and the national median. For comparison, the ZIP code 51245 has both the highest and lowest median property tax rate of 1.13%. Understanding how these cities compare with Primghar provides valuable insights into the varying tax landscape across O'Brien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Primghar Tax Rate
1.13%
Average O'brien County Tax Rate
1.20%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Primghar, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51245 | 0.76% | 0.88% | 1.13% | 1.28% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Primghar, Iowa
In Primghar, 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 O'Brien 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 Primghar, 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 Primghar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $1,178, are found in the 51245 zip code.
Average Primghar Assessed Value
$105,895
Average O'brien County Assessed Value
$120,840
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Primghar, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51245 | $27,936 | $56,522 | $105,895 | $185,690 | $286,368 |
Source: Ownwell
Property Tax Bills Across Primghar, Iowa
In Primghar, located in O'Brien County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Primghar can expect a median home price of $105,895. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Primghar, the property tax bills vary significantly. At the 25th percentile, the tax bill is about $597, while at the 75th percentile, it rises to $1,974. The 90th percentile sees tax bills as high as $2,784. These figures illustrate the range of property tax obligations within the community, influenced by factors such as property size, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Primghar's tax rates provide a context for understanding how local taxes impact homeowners. This variability in tax bills affects homeowners' financial planning and the overall affordability of living in Primghar.
Average Primghar Tax Bill
$1,178
Average O'brien County Tax Bill
$1,404
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Primghar, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51245 | $237 | $597 | $1,178 | $1,974 | $2,784 |
Source: Ownwell