Struble, Iowa Property Taxes
The median property tax rate in Struble, IA is 1.00%, slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Struble, the typical annual property tax bill is $256, significantly lower than the national median of $2,690. Property taxes in Struble are calculated based on the tax assessed value, which is often below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Struble'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 Struble 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
Struble, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$222
Ownwell’s Struble Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Struble. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Struble to provide an accurate property tax estimate. This valuable insight helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. The assessed value of your property, determined by Plymouth County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Struble, Iowa
Property taxes in Struble, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Struble is 1.00%, slightly above the U.S. national median of 0.99%. Local government entities within Struble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Struble 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 Struble's effective property tax rate to other areas in Plymouth County and the national median. For comparison, the 51031 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Struble 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 Struble Tax Rate
1.00%
Average Plymouth County Tax Rate
1.13%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Struble, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | 0.79% | 0.87% | 1.00% | 1.14% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Struble, Iowa
In Struble, 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 Struble, 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 Struble 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 $256, found in zip code 51031.
Average Struble Assessed Value
$22,225
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 Struble, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | $12,469 | $16,128 | $22,225 | $28,322 | $31,981 |
Source: Ownwell
Property Tax Bills Across Struble, Iowa
In Struble, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. For homeowners, the median home price is approximately $22,225. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, the tax rate set by the local government is applied to determine the annual tax bill. For Struble, the median property tax bill stands at $256. This is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $165, while those in the 75th percentile pay about $347. At the 90th percentile, the tax bill rises to $401. These figures highlight the range of property tax burdens within the community. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Lower property tax bills in Struble compared to national averages can make homeownership more affordable, potentially attracting new residents to the area.
Average Struble Tax Bill
$256
Average Plymouth County Tax Bill
$2,246
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Struble, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51031 | $110 | $165 | $256 | $347 | $401 |
Source: Ownwell