Windsor Heights, Iowa Property Taxes
The median property tax rate in Windsor Heights, IA is 1.73%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Windsor Heights at $253,600, the typical annual property tax bill reaches $4,356, exceeding the national median of $2,690. Property taxes in Windsor Heights are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Windsor Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Windsor Heights 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
Windsor Heights, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$4,387
Ownwell’s Windsor Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor Heights 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 Windsor Heights, Iowa
Property taxes in Windsor Heights, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor Heights is 1.73%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Windsor Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor Heights 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 Windsor Heights' effective property tax rate to other counties in Iowa and the national median. For comparison, the 50324 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Windsor Heights provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windsor Heights Tax Rate
1.73%
Average Polk County Tax Rate
1.69%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor Heights, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50324 | 1.64% | 1.67% | 1.73% | 1.80% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Windsor Heights, Iowa
In Windsor Heights, 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 Polk 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 Windsor Heights, 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. The median home price in Windsor Heights is $253,600, with tax bills ranging from $3,580 at the 25th percentile to $5,068 at the 75th percentile, and up to $5,886 at the 90th percentile. The highest and lowest median tax bills are both $4,356 in the 50324 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Windsor Heights Assessed Value
$253,600
Average Polk County Assessed Value
$231,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windsor Heights, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50324 | $158,710 | $205,900 | $253,600 | $295,850 | $340,180 |
Source: Ownwell
Property Tax Bills Across Windsor Heights, Iowa
Property tax bills in Windsor Heights, located in Polk County, IA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by county assessors who evaluate various factors such as the property's market value, location, and any improvements made. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Windsor Heights, the median home price is $253,600. Property tax bills can vary significantly; at the 25th percentile, homeowners might pay around $3,580, while at the 75th percentile, the tax bill could be as high as $5,068. The 90th percentile sees even higher tax bills, reaching up to $5,886. These tax bills impact homeowners by directly affecting their annual expenses. Compared to the national median property tax rate of 0.99%, Windsor Heights' tax rates can result in relatively high property tax bills, which are important for homeowners to consider when budgeting and planning their finances.
Average Windsor Heights Tax Bill
$4,356
Average Polk County Tax Bill
$3,904
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor Heights, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50324 | $2,801 | $3,580 | $4,356 | $5,068 | $5,886 |
Source: Ownwell