Manning, Audubon County, Iowa Property Taxes
The median property tax rate in Manning, IA is 1.17%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Manning at $172,350, the typical annual property tax bill reaches $2,053, falling below the national median of $2,690. Property taxes in Manning are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manning'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 Manning 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
Manning, Audubon County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,016
$1,871
Ownwell’s Manning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manning 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 Manning, Audubon County, Iowa
Property taxes in Manning, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manning is 1.17%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Manning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manning 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 Manning's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51455 zip code has the highest median property tax rate of 1.17%, while the 51455 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Manning 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 Manning Tax Rate
1.17%
Average Audubon County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manning, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51455 | 0.85% | 0.98% | 1.17% | 1.28% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Manning, Audubon County, Iowa
In Manning, 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 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 Manning, 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 Manning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Manning is 51455, with a median tax bill of $2,053.
Property Tax Assessment Values Across Manning, Audubon County, Iowa
Source: Ownwell
$55,025
$113,688
$172,350
Average Manning Assessed Value
$172,350
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 Manning, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51455 | $89,693 | $119,730 | $172,350 | $244,472 | $354,034 |
Source: Ownwell
Property Tax Bills Across Manning, Audubon County, Iowa
In Manning, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. Factors such as property size, location, and market conditions are considered to establish this assessed value. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Homeowners in Manning can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,394, while the 75th percentile reaches $2,710. At the higher end, the 90th percentile tax bill can be as much as $4,555. The median home price in Manning is $172,350, and the highest median tax bill recorded in the area is $2,053, which is slightly above the national median property tax rate of 0.99%. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Manning residents.
Average Manning Tax Bill
$2,053
Average Audubon County Tax Bill
$1,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Manning, Audubon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51455 | $1,052 | $1,394 | $2,053 | $2,710 | $4,555 |
Source: Ownwell