Long Grove, Iowa Property Taxes
The median property tax rate in Long Grove, 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 of $292,200 in Long Grove, the typical annual property tax bill is about $3,240, surpassing the national median of $2,690. Property taxes in Long Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Long Grove'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 Long Grove 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
Long Grove, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$3,214
Ownwell’s Long Grove Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Long Grove with just two data points. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Long Grove to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Long Grove, Iowa
Property taxes in Long Grove, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Grove is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Long Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Grove 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 Long Grove's effective property tax rate to other areas in Iowa and the national median. For comparison, the 52756 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 Long Grove provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Long Grove Tax Rate
1.10%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | 0.85% | 0.97% | 1.10% | 1.22% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Long Grove, Iowa
In Long Grove, 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 Scott 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 Long Grove, 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 Long Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Long Grove is $292,200, with tax bills ranging from $2,282 at the 25th percentile to $5,766 at the 90th percentile. The zip code 52756 has the highest median tax bill of $3,240.
Average Long Grove Assessed Value
$292,200
Average Scott County Assessed Value
$184,110
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | $107,900 | $205,100 | $292,200 | $388,500 | $510,100 |
Source: Ownwell
Property Tax Bills Across Long Grove, Iowa
In Long Grove, Scott County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Long Grove face a median property tax rate of 0.99%, which aligns with the national median. To determine the tax bill, this rate is applied to the assessed value of the home. For instance, with a median home price of $292,200, homeowners can expect a tax bill around $2,890 annually. However, tax bills can vary significantly. For example, the 25th percentile tax bill is $2,282, while the 75th percentile tax bill reaches $4,312. At the 90th percentile, the tax bill can be as high as $5,766. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, variations in tax bills can impact homeowners' financial planning and the affordability of living in Long Grove.
Average Long Grove Tax Bill
$3,240
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | $1,329 | $2,282 | $3,240 | $4,312 | $5,766 |
Source: Ownwell