Moville, Iowa Property Taxes
The median property tax rate in Moville, IA is 1.29%, which is notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Moville at $197,770, the typical annual property tax bill amounts to $2,452, slightly below the national median of $2,690. Property taxes in Moville are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Moville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Moville or investing in its real estate, a thorough grasp of the local property tax system is essential for financial planning and optimization.
Last Updated June 14, 2024
Moville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,551
Ownwell’s Moville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moville 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 Moville, Iowa
Property taxes in Moville, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moville is 1.29%, which is significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Moville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moville 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 Moville's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51039 zip code has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Moville 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 Moville Tax Rate
1.29%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51039 | 1.00% | 1.10% | 1.29% | 1.37% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Moville, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moville, Iowa. 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 Moville, 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 Moville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,452 in the 51039 zip code, while the lowest median tax bill is also $2,452 in the same zip code.
Average Moville Assessed Value
$197,770
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 Moville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51039 | $70,211 | $123,072 | $197,770 | $292,162 | $415,240 |
Source: Ownwell
Property Tax Bills Across Moville, Iowa
In Moville, 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 typically reflects a percentage of the property's market value. Several factors influence this assessment, including the property's location, size, age, and condition. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. Homeowners in Moville experience a range of property tax bills. For example, the 25th percentile tax bill is approximately $1,532, while the 75th percentile reaches around $3,564. At the higher end, the 90th percentile tax bill is about $5,090. These figures indicate the variation in tax burdens based on property values and assessments. Compared to the national median property tax rate of 0.99%, Moville's property tax bills reflect the local economic conditions and property values. Understanding these factors is crucial for homeowners as they plan their finances and assess the long-term affordability of their homes.
Average Moville Tax Bill
$2,452
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Moville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51039 | $842 | $1,532 | $2,452 | $3,564 | $5,090 |
Source: Ownwell