Oyens, Iowa Property Taxes
The median property tax rate in Oyens, IA is 0.87%, which is lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Oyens, the typical annual property tax bill is $1,152, significantly below the national median of $2,690. Property taxes in Oyens are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Oyens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Oyens or another part of Plymouth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oyens, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,081
Ownwell’s Oyens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oyens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oyens 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 Oyens, Iowa
Property taxes in Oyens, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oyens is 0.87%, slightly below the U.S. national median of 0.99%. Local government entities within Oyens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oyens 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 Oyens's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51045 has both the highest and lowest median property tax rate of 0.87%. Understanding how these areas compare with Oyens provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oyens Tax Rate
0.87%
Average Plymouth County Tax Rate
1.13%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oyens, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51045 | 0.82% | 0.85% | 0.87% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Oyens, Iowa
In Oyens, 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 Plymouth 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 Oyens, 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. For example, the median home price in Oyens is $124,210, with tax bills ranging from $902 at the 25th percentile to $1,846 at the 90th percentile. The highest median tax bill, $1,152, is found in the 51045 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oyens Assessed Value
$124,210
Average Plymouth County Assessed Value
$198,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oyens, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51045 | $9,936 | $90,950 | $124,210 | $160,988 | $206,366 |
Source: Ownwell
Property Tax Bills Across Oyens, Iowa
In Oyens, located in Plymouth County, IA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value determined by the county assessor. Factors such as the home's size, location, and condition play a significant role in this assessment. For example, with a median home price of $124,210, homeowners can expect their property tax bills to vary widely. At the 25th percentile, tax bills are around $902, while those at the 75th percentile reach approximately $1512. The 90th percentile tax bill can go up to $1846. These figures indicate a range of property tax burdens that can impact homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. Homeowners in Oyens should be aware of these factors to better anticipate their annual property tax obligations.
Average Oyens Tax Bill
$1,152
Average Plymouth County Tax Bill
$2,246
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Oyens, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51045 | $582 | $902 | $1,152 | $1,512 | $1,846 |
Source: Ownwell