Kent, Adams County, Iowa Property Taxes
The median property tax rate in Kent, IA is 1.34%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Kent, the typical annual property tax bill reaches $2,883, exceeding the national median of $2,690. Property taxes in Kent 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 Kent'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 Kent 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
Kent, Adams County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,755
$2,557
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Kent, Adams County, Iowa
Property taxes in Kent, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent is 1.34%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50851 zip code has the highest median property tax rate of 1.34%, while the 50851 zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Kent provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent Tax Rate
1.34%
Average Adams County Tax Rate
1.43%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent, Adams County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | 1.25% | 1.29% | 1.34% | 1.54% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Kent, Adams County, Iowa
In Kent, 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 Adams 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. 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,883 in the zip code 50851.
Property Tax Assessment Values Across Kent, Adams County, Iowa
Source: Ownwell
$15,050
$110,325
$205,600
Average Kent Assessed Value
$205,600
Average Adams County Assessed Value
$114,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kent, Adams County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | $122,640 | $158,925 | $205,600 | $284,800 | $398,040 |
Source: Ownwell
Property Tax Bills Across Kent, Adams County, Iowa
In Kent, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Various factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. Homeowners in Kent can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,345, while at the 75th percentile, it rises to $3,762. At the 90th percentile, it reaches $5,143. These variations highlight how different property values and assessment rates impact the overall tax burden. Compared to the national median property tax rate of 0.99%, Kent's property taxes can be relatively high, affecting homeowners by increasing their annual financial obligations. This makes understanding the factors that influence property tax calculations crucial for effective financial planning.
Average Kent Tax Bill
$2,883
Average Adams County Tax Bill
$1,577
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent, Adams County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | $2,016 | $2,345 | $2,883 | $3,762 | $5,143 |
Source: Ownwell