Climbing Hill, Iowa Property Taxes
The median property tax rate in Climbing Hill, IA is 0.99%, aligning with the national median but notably lower than the Iowa state median of 1.54%. With a median home value of $139,380, the typical annual property tax bill in Climbing Hill is $1,386, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Climbing Hill'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 Climbing Hill or another part of Woodbury County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Climbing Hill, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,380
Ownwell’s Climbing Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Climbing Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Climbing Hill 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 Climbing Hill, Iowa
Property taxes in Climbing Hill, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Climbing Hill is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Climbing Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Climbing Hill 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 Climbing Hill's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 51015 has the highest median property tax rate of 0.99%, while the same zip code, 51015, also has the lowest median tax rate of 0.99%. Understanding how these areas compare with Climbing Hill provides valuable insights into the varying tax landscape across Woodbury County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Climbing Hill Tax Rate
0.99%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Climbing Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51015 | 0.88% | 0.93% | 0.99% | 1.04% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Climbing Hill, Iowa
In Climbing Hill, 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 Woodbury 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 Climbing Hill, 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. For instance, the median home price in Climbing Hill is $139,380, with the 25th percentile tax bill at $1,022 and the 75th percentile at $1,855. The zip code with the highest and lowest median tax bill is 51015, both standing at $1,386. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Climbing Hill Assessed Value
$139,380
Average Woodbury County Assessed Value
$157,600
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Climbing Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51015 | $79,230 | $107,360 | $139,380 | $200,320 | $266,012 |
Source: Ownwell
Property Tax Bills Across Climbing Hill, Iowa
In Climbing Hill, located in Woodbury County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Climbing Hill, the median home price stands at $139,380. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,022 and the 75th percentile tax bill reaching $1,855. At the higher end, the 90th percentile tax bill is $2,384. These figures illustrate the range of property tax obligations that homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Climbing Hill's property tax rates reflect the local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Climbing Hill Tax Bill
$1,386
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Climbing Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51015 | $698 | $1,022 | $1,386 | $1,855 | $2,384 |
Source: Ownwell