Anita, Audubon County, Iowa Property Taxes
The median property tax rate in Anita, IA is 1.14%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $101,880, the typical annual property tax bill in Anita amounts to $1,062, falling below the national median of $2,690. Property taxes in Anita are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Anita's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in the heart of Anita or elsewhere in the city, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Anita, Audubon County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,161
$1,078
Ownwell’s Anita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anita with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anita 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 Anita, Audubon County, Iowa
Property taxes in Anita, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anita is 1.14%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Anita set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anita 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 Anita's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50020 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Anita provides valuable insights into the varying tax landscape across Audubon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anita Tax Rate
1.14%
Average Audubon County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anita, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | 0.83% | 0.96% | 1.14% | 1.25% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Anita, Audubon County, Iowa
In Anita, 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 Audubon County Assessor's Office 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 Anita, 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 Anita helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in zip code 50020, each amounting to $1,062.
Property Tax Assessment Values Across Anita, Audubon County, Iowa
Source: Ownwell
$55,025
$113,688
$172,350
Average Anita Assessed Value
$101,880
Average Audubon County Assessed Value
$103,200
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anita, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | $28,916 | $79,780 | $101,880 | $143,580 | $178,802 |
Source: Ownwell
Property Tax Bills Across Anita, Audubon County, Iowa
In Anita, located in Audubon County, IA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Anita, the median home price is $101,880. Property tax bills can vary significantly, with the 25th percentile tax bill at $738 and the 75th percentile reaching $1,636. The 90th percentile tax bill can go up to $2,020. These variations depend on factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Anita experience a range of tax obligations that can impact their financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Anita Tax Bill
$1,062
Average Audubon County Tax Bill
$1,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Anita, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50020 | $262 | $738 | $1,062 | $1,636 | $2,020 |
Source: Ownwell