Churchville, Iowa Property Taxes
The median property tax rate in Churchville, IA is 1.06%, which is 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 $161,800 in Churchville, the typical annual property tax bill amounts to $1,946, falling below the national median of $2,690. Property taxes in Churchville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Churchville'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 Churchville or another part of Warren County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Churchville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,715
Ownwell’s Churchville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and prospective buyers aiming to estimate their annual property taxes in Churchville. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate specific to Churchville to provide an accurate property tax bill estimate. This powerful tool offers a clear understanding of potential tax liabilities, ensuring you are well-prepared for any financial commitments. For those interested in more granular insights, additional localized information is available. Your property’s assessed value, determined by the county, forms the basis for these calculations and includes any applicable exemptions.
Property Tax Rates Across Churchville, Iowa
Property taxes in Churchville, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Churchville is 1.06%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Churchville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Churchville 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 Churchville's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50211 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Churchville provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Churchville Tax Rate
1.06%
Average Warren County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Churchville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50211 | 1.04% | 1.05% | 1.06% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Churchville, Iowa
In Churchville, 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 Warren County Appraisal District 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 Churchville, 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 Churchville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Churchville is $1,946 in the 50211 zip code, while the lowest median tax bill is also $1,946 in the same zip code.
Average Churchville Assessed Value
$161,800
Average Warren County Assessed Value
$233,350
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Churchville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50211 | $5,600 | $102,150 | $161,800 | $185,450 | $192,500 |
Source: Ownwell
Property Tax Bills Across Churchville, Iowa
In Churchville, located in Warren County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $161,800, homeowners can expect their property tax bills to vary within a range. The 25th percentile tax bill stands at $1,350, while the 75th percentile reaches $1,980, and the 90th percentile goes up to $2,322. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Churchville may find their tax bills slightly higher or lower depending on these variables. Understanding these elements can help homeowners better anticipate their annual tax obligations and manage their finances more effectively.
Average Churchville Tax Bill
$1,946
Average Warren County Tax Bill
$3,534
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Churchville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50211 | $812 | $1,350 | $1,946 | $1,980 | $2,322 |
Source: Ownwell