Saint Anthony, Iowa Property Taxes
The median property tax rate in Saint Anthony, IA is 1.01%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $255,700 in Saint Anthony, the typical annual property tax bill reaches $2,557, just below the national median of $2,690. Property taxes in Saint Anthony are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Anthony'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 Saint Anthony 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
Saint Anthony, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,583
Ownwell’s Saint Anthony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Anthony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Anthony 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 Saint Anthony, Iowa
Property taxes in Saint Anthony, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Anthony is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Saint Anthony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Anthony 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 Saint Anthony's effective property tax rate to other areas in Iowa and the national median. For comparison, the 50239 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Saint Anthony provides valuable insights into the varying tax landscape across Story County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Anthony Tax Rate
1.01%
Average Story County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Anthony, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | 0.91% | 0.92% | 1.01% | 1.16% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Saint Anthony, Iowa
In Saint Anthony, 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 Story 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 Saint Anthony, 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. The highest median tax bill in the area is $2,557 in the 50239 zip code, while the lowest median tax bill is also $2,557 in the same zip code. Being aware of these valuation processes in Saint Anthony helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Anthony, Iowa
Source: Ownwell
$152,200
$1,027,950
$1,903,700
Average Saint Anthony Assessed Value
$255,700
Average Story County Assessed Value
$219,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Anthony, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | $130,280 | $197,975 | $255,700 | $287,800 | $330,130 |
Source: Ownwell
Property Tax Bills Across Saint Anthony, Iowa
In Saint Anthony, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For instance, with a median home price of $255,700 in Story County, the tax bill can vary significantly depending on the assessed value and applicable exemptions. The 25th percentile tax bill stands at $2,158, while the 75th percentile tax bill reaches $2,804, and the 90th percentile tax bill is $3,059. These figures indicate that homeowners in Saint Anthony may pay higher property taxes compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the assessed home value, local tax rates, and any exemptions for which the homeowner may qualify. For instance, a home assessed at the median price could see significant variations in tax bills based on these factors. This variability in property tax bills can impact homeowners by affecting their annual financial planning and the overall cost of homeownership in Saint Anthony.
Average Saint Anthony Tax Bill
$2,557
Average Story County Tax Bill
$2,904
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Anthony, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | $1,603 | $2,158 | $2,557 | $2,804 | $3,059 |
Source: Ownwell