Shenandoah, Iowa Property Taxes
The median property tax rate in Shenandoah, IA is 1.60%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Shenandoah, the typical annual property tax bill reaches $1,360, which is below the national median of $2,690. Property taxes in Shenandoah 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 Shenandoah'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 Shenandoah 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
Shenandoah, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,432
Ownwell’s Shenandoah Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Shenandoah. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Shenandoah to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making it easier to plan and budget. For those interested in more detailed information, including neighborhood-level trends, additional localized data is available. Remember, your property’s assessed value is determined by Page County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Shenandoah, Iowa
Property taxes in Shenandoah, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shenandoah is 1.60%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Shenandoah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shenandoah 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 Shenandoah's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51601 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Shenandoah provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shenandoah Tax Rate
1.60%
Average Page County Tax Rate
1.56%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | 1.17% | 1.42% | 1.60% | 1.71% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Shenandoah, Iowa
In Shenandoah, 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 Page 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 Shenandoah, 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. The median home price in Shenandoah is $89,480, with tax bills ranging from $742 at the 25th percentile to $3,547 at the 90th percentile. The highest and lowest median tax bills, both at $1,360, are found in the 51601 zip code. Being aware of these valuation processes in Shenandoah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shenandoah Assessed Value
$89,480
Average Page County Assessed Value
$100,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | $24,086 | $48,900 | $89,480 | $149,390 | $239,480 |
Source: Ownwell
Property Tax Bills Across Shenandoah, Iowa
In Shenandoah, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate, which in Page County is 1.52%, significantly higher than the national median property tax rate of 0.99%. Homeowners in Shenandoah with a median home price of $89,480 can expect to pay around $1,360 annually in property taxes, regardless of the specific zip code within the city. Several factors influence the total tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For example, tax bills can range from the 25th percentile at $742 to the 90th percentile at $3,547. These taxes fund essential community services such as schools, public safety, and infrastructure. Higher property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning.
Average Shenandoah Tax Bill
$1,360
Average Page County Tax Bill
$1,497
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Shenandoah, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51601 | $376 | $742 | $1,360 | $2,299 | $3,547 |
Source: Ownwell