Schaller, Iowa Property Taxes
The median property tax rate in Schaller, IA is 1.10%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value in Schaller of $105,690, the typical annual property tax bill amounts to $1,186, which is below the national median of $2,690. Property taxes in Schaller are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Schaller’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 Schaller 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
Schaller, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,163
Ownwell’s Schaller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schaller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schaller 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 Schaller, Iowa
Property taxes in Schaller, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schaller is 1.10%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Schaller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schaller 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 Schaller's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51053 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Schaller provides valuable insights into the varying tax landscape across Sac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Schaller Tax Rate
1.10%
Average Sac County Tax Rate
1.14%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schaller, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51053 | 0.86% | 0.94% | 1.10% | 1.24% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Schaller, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Schaller, Iowa. 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 Sac 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 Schaller, 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 Schaller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Schaller is $105,690, with tax bills ranging from $634 at the 25th percentile to $2,956 at the 90th percentile. The zip code 51053 has the highest and lowest median tax bill at $1,186.
Average Schaller Assessed Value
$105,690
Average Sac County Assessed Value
$117,660
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Schaller, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51053 | $30,132 | $57,240 | $105,690 | $182,440 | $292,010 |
Source: Ownwell
Property Tax Bills Across Schaller, Iowa
In Schaller, located in Sac County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Schaller see a range of property tax bills, with the 25th percentile at $634 and the 75th percentile reaching $1,998. At the 90th percentile, tax bills can go up to $2,956. These figures are influenced by the local tax rate and the assessed value of the property. For comparison, the national median property tax rate is 0.99%. Factors such as property improvements, neighborhood changes, and market trends can affect the assessed value, thereby influencing the tax bill. Homeowners should be aware of these factors as they directly impact their annual financial obligations. The highest median tax bill in the region is $1,186, which aligns with the lowest median tax bill, indicating a relatively uniform tax rate across the area.
Average Schaller Tax Bill
$1,186
Average Sac County Tax Bill
$1,376
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Schaller, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51053 | $331 | $634 | $1,186 | $1,998 | $2,956 |
Source: Ownwell