Mapleton, Iowa Property Taxes
The median property tax rate in Mapleton, IA is 1.09%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Mapleton at $181,920, the typical annual property tax bill amounts to $1,836, which is below the national median of $2,690. Property taxes in Mapleton are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mapleton'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 Mapleton 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
Mapleton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,983
Ownwell’s Mapleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mapleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mapleton 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 Mapleton, Iowa
Property taxes in Mapleton, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mapleton is 1.09%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Mapleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mapleton 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 Mapleton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51034 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Mapleton 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 Mapleton Tax Rate
1.09%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mapleton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51034 | 0.88% | 1.02% | 1.09% | 1.17% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Mapleton, Iowa
In Mapleton, 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 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 Mapleton, 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 Mapleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mapleton is $1,836 in the 51034 zip code, while the lowest median tax bill is also $1,836 in the same zip code.
Average Mapleton Assessed Value
$181,920
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 Mapleton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51034 | $92,518 | $121,680 | $181,920 | $219,460 | $291,840 |
Source: Ownwell
Property Tax Bills Across Mapleton, Iowa
In Mapleton, property tax bills are calculated based on the assessed value of a home, which is determined by the Woodbury County Assessor's Office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's location, size, and condition can influence its assessed value. Homeowners in Mapleton face a median property tax bill of $1,836, which is slightly higher than the national median property tax rate of 0.99%. For homes priced at the 25th percentile, the tax bill is around $1,472, while those at the 75th percentile can expect to pay approximately $2,296. At the high end, the 90th percentile tax bill reaches $3,633. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners should be aware of these factors as they can influence the overall cost of homeownership and the affordability of living in Mapleton.
Average Mapleton Tax Bill
$1,836
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mapleton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51034 | $1,139 | $1,472 | $1,836 | $2,296 | $3,633 |
Source: Ownwell