Moorland, Iowa Property Taxes
The median property tax rate in Moorland, IA is 0.97%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With the median home value in Moorland at $120,430, the typical annual property tax bill comes to $1,142, which is below the national median of $2,690. Property taxes in Moorland are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Moorland'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 Moorland or another part of Webster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moorland, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,168
Ownwell’s Moorland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moorland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moorland 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 Moorland, Iowa
Property taxes in Moorland, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moorland is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Moorland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moorland 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 Moorland's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 50566 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Moorland provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moorland Tax Rate
0.97%
Average Webster County Tax Rate
1.86%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moorland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50566 | 0.76% | 0.82% | 0.97% | 1.10% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Moorland, Iowa
In Moorland, 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 Webster 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 Moorland, 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. For example, the median home price in Moorland is $120,430, with tax bills ranging from $594 at the 25th percentile to $2,762 at the 90th percentile. The zip code with the highest median tax bill is 50566, at $1,142, which is notably higher than the national median property tax rate of 0.99%. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moorland Assessed Value
$120,430
Average Webster County Assessed Value
$94,900
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moorland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50566 | $23,717 | $63,418 | $120,430 | $201,105 | $308,318 |
Source: Ownwell
Property Tax Bills Across Moorland, Iowa
In Moorland, Webster County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. 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 $120,430, homeowners can expect to pay a property tax bill that ranges significantly. At the 25th percentile, the tax bill is around $594, while at the 75th percentile, it rises to approximately $1827. Those in the 90th percentile could see tax bills as high as $2762. These variations highlight how factors such as property value, improvements, and neighborhood developments can influence tax amounts. Compared to the national median property tax rate of 0.99%, Moorland's rates may seem favorable or challenging depending on individual circumstances. For homeowners, understanding these factors is crucial for financial planning and anticipating annual expenses.
Average Moorland Tax Bill
$1,142
Average Webster County Tax Bill
$1,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Moorland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50566 | $252 | $594 | $1,142 | $1,827 | $2,762 |
Source: Ownwell