Audubon, Audubon County, Iowa Property Taxes
The median property tax rate in Audubon, IA is 1.37%, which is notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $105,710 in Audubon, the typical annual property tax bill amounts to $1,430, which is below the national median of $2,690. Property taxes in Audubon are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Audubon'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 in the heart of Audubon or another part of the city, gaining insight into the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Audubon, Audubon County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,448
$1,344
Ownwell’s Audubon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Audubon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Audubon 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 Audubon, Audubon County, Iowa
Property taxes in Audubon, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Audubon is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Audubon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Audubon 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 Audubon's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50025 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Audubon 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 Audubon Tax Rate
1.37%
Average Audubon County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Audubon, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | 0.96% | 1.15% | 1.37% | 1.59% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Audubon, Audubon County, Iowa
In Audubon, 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 local 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 Audubon, 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 Audubon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50025 has the highest and lowest median tax bill at $1,430, reflecting the range of tax burdens in the area.
Property Tax Assessment Values Across Audubon, Audubon County, Iowa
Source: Ownwell
$55,025
$113,688
$172,350
Average Audubon Assessed Value
$105,710
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 Audubon, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | $44,756 | $69,080 | $105,710 | $169,208 | $247,264 |
Source: Ownwell
Property Tax Bills Across Audubon, Audubon County, Iowa
In Audubon, IA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. For homeowners in Audubon, the median home price is $105,710. The property tax rate in Audubon County is determined by various local taxing authorities, including schools, municipalities, and other special districts. The property tax bill is then calculated by multiplying the assessed value by the tax rate. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. For homeowners, the property tax bills can vary significantly; the 25th percentile tax bill is $854, while the 75th percentile tax bill is $2,394. At the 90th percentile, the tax bill can reach up to $3,566. These taxes are crucial for funding essential public services but can also represent a significant annual expense for property owners.
Average Audubon Tax Bill
$1,430
Average Audubon County Tax Bill
$1,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Audubon, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | $488 | $854 | $1,430 | $2,394 | $3,566 |
Source: Ownwell