Stuart, Iowa Property Taxes
The median property tax rate in Stuart, Iowa is 1.33%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Stuart at $139,505, the typical annual property tax bill reaches $1,736, which is below the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart 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
Stuart, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,855
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, Iowa
Property taxes in Stuart, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 1.33%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50250 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Stuart provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stuart Tax Rate
1.33%
Average Adair County Tax Rate
1.47%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | 0.91% | 1.08% | 1.33% | 1.45% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Iowa
In Stuart, 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 Adair 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 Stuart, 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 instance, the median home price in Stuart is $139,505, with tax bills ranging from $1,108 at the 25th percentile to $3,516 at the 90th percentile. Notably, the highest and lowest median tax bills in Stuart are both $1,736 in the zip code 50250. 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 Stuart Assessed Value
$139,505
Average Adair County Assessed Value
$113,535
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | $54,435 | $90,515 | $139,505 | $198,865 | $275,005 |
Source: Ownwell
Property Tax Bills Across Stuart, Iowa
In Stuart, located in Adair County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, reflecting the property's worth in the real estate market. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and any improvements or renovations made. For instance, the median home price in Stuart is $139,505. Property tax bills in Stuart range significantly, with the 25th percentile at $1,108 and the 75th percentile at $2,558, indicating variability based on property values and applicable exemptions. Homeowners in Stuart should be aware that their property tax bill can impact their overall cost of homeownership, influencing decisions on buying or selling property. Compared to the national median property tax rate of 0.99%, Stuart's tax bills reflect the local economic conditions and property values, affecting how much homeowners pay annually.
Average Stuart Tax Bill
$1,736
Average Adair County Tax Bill
$1,656
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50250 | $700 | $1,108 | $1,736 | $2,558 | $3,516 |
Source: Ownwell