New Albin, Allamakee County, Iowa Property Taxes

Name: Property Tax Bills Across New Albin, Allamakee County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Albin, IA effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median New Albin, IA home value: $163,700
Median annual New Albin, IA tax bill: $2,031, $369 lower than the national median property tax bill of $2,400.

How are property taxes in Allamakee County calculated?

Property taxes in New Albin, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding New Albin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Albin, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Albin, Allamakee County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$2,014

$1,868

Ownwell’s New Albin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Albin with just two data points. By entering your property's estimated assessed value, our calculator applies New Albin’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Allamakee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Albin, Allamakee County, Iowa

Local government entities set tax rates, which can vary widely within a state. Each year, counties determine their necessary budget to fund public services and divide this by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. This process, while subject to votes and legal stipulations, is essentially how rates are established annually.

In New Albin, located in Allamakee County, Iowa, the effective property tax rate offers an interesting case for comparison. The median property tax rate in Iowa is 1.23%, which is above the national median of 1.02%. This means that property owners in New Albin and the surrounding areas might experience higher property tax bills compared to the national average. Understanding these variations can help property owners make informed decisions about appeals and exemptions. Comparing New Albin’s rates to other cities in Iowa and the broader U.S. landscape highlights the importance of local governance in property tax determination.

Property Tax Rates Across New Albin, Allamakee County, Iowa

Source: Ownwell

0.95%

1.18%

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New Albin Tax Rate

1.23%

Median Effective Allamakee County Tax Rate

1.22%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Albin, Allamakee County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52160	0.93%	1.02%	1.23%	1.37%	1.47%

Source: Ownwell

Property Tax Assessment Values Across New Albin, Allamakee County, Iowa

When examining property taxes in New Albin, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allamakee County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Allamakee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Albin. For example, the median home price in New Albin is $163,700, with tax bills ranging significantly across the county. 52160 has the highest median home price at $163,700.

Property Tax Assessment Values Across New Albin, Allamakee County, Iowa

Source: Ownwell

$107,600

$173,050

$238,500

Median New Albin Market Value

$163,700

Median Allamakee County Market Value

$156,300

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Albin, Allamakee County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52160	$55,840	$105,300	$163,700	$253,950	$333,460

Source: Ownwell

Property Tax Bills Across New Albin, Allamakee County, Iowa

In New Albin, located in Allamakee County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value reflects the market value of the property. Homeowners in New Albin can expect a property tax bill that varies significantly, with the 25th percentile at $1,290 and the 75th percentile reaching $2,817. The median tax bill in the area is $2,031, which is below the national median of $2,400, offering some relief to homeowners. However, the 90th percentile tax bill can soar to $3,706, indicating that some properties face significantly higher taxes. These taxes fund essential public services such as schools, infrastructure, and emergency services. Ownwell can assist homeowners in New Albin by providing expert property tax appeal services. By analyzing the assessed value and market conditions, Ownwell helps ensure that homeowners are not overpaying, potentially leading to substantial savings on their property tax bills.

Property Tax Bills Across New Albin, Allamakee County, Iowa

Source: Ownwell

$1,480

$2,088

$2,696

Median New Albin Tax Bill

$2,031

Median Allamakee County Tax Bill

$1,948

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across New Albin, Allamakee County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52160	$706	$1,290	$2,031	$2,817	$3,706

Source: Ownwell