Orange City, Iowa Property Taxes
The median property tax rate in Orange City, IA is 1.41%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Orange City at $238,520, the typical annual property tax bill reaches $3,170, exceeding the national median of $2,690. Property taxes in Orange City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Orange City'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 Orange City 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
Orange City, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$3,363
Ownwell’s Orange City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orange City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orange City 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 Orange City, Iowa
Property taxes in Orange City, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orange City is 1.41%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Orange City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orange City 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 Orange City's effective property tax rate to other counties in Iowa and the national median. For comparison, the ZIP code 51041 has the highest median property tax rate of 1.41%, while the same ZIP code has the lowest median tax rate of 1.41%. Understanding how these cities compare with Orange City provides valuable insights into the varying tax landscape across Sioux County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orange City Tax Rate
1.41%
Average Sioux County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orange City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51041 | 0.93% | 1.36% | 1.41% | 1.46% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Orange City, Iowa
In Orange City, 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 Sioux 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 Orange City, 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 Orange City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 51041, with a tax bill of $3,170.
Average Orange City Assessed Value
$238,520
Average Sioux County Assessed Value
$218,070
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orange City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51041 | $114,210 | $169,450 | $238,520 | $323,680 | $419,510 |
Source: Ownwell
Property Tax Bills Across Orange City, Iowa
In Orange City, property tax bills are calculated based on the assessed value of a home, which is determined by the Sioux County assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Orange City, the median home price is $238,520. With the national median property tax rate at 0.99%, local rates may vary, leading to different tax bills. Several factors influence the tax bill, including the property's market value, any exemptions for which the homeowner qualifies, and the specific tax rate set by local authorities. For instance, tax bills in the 25th percentile are around $2,162, while those in the 75th percentile can reach $4,279. The 90th percentile tax bill is even higher at $5,705. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. By keeping abreast of local tax rates and potential exemptions, homeowners can better manage their financial obligations.
Average Orange City Tax Bill
$3,170
Average Sioux County Tax Bill
$2,736
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Orange City, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51041 | $1,486 | $2,162 | $3,170 | $4,279 | $5,705 |
Source: Ownwell