Atkins, Benton County, Iowa Property Taxes
The median property tax rate in Atkins, IA is 1.33%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Atkins at $301,550, the typical annual property tax bill reaches $3,800, exceeding the national median of $2,690. Property taxes in Atkins 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 Atkins'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 Atkins 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
Atkins, Benton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$4,011
$3,722
Ownwell’s Atkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atkins 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 Benton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Atkins, Benton County, Iowa
Property taxes in Atkins, Iowa, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Atkins is 1.33%, which is significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Atkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atkins 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 Atkins' effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52206 has both the highest and lowest median property tax rate of 1.33%. Understanding how these cities compare with Atkins provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atkins Tax Rate
1.33%
Average Benton County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atkins, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52206 | 0.92% | 1.23% | 1.33% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Atkins, Benton County, Iowa
In Atkins, 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 Benton County Assessor 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 Atkins, 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 Atkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 52206 has both the highest and lowest median tax bill at $3,800, reflecting the unique property tax landscape in the region.
Property Tax Assessment Values Across Atkins, Benton County, Iowa
Source: Ownwell
$87,000
$236,925
$386,850
Average Atkins Assessed Value
$301,550
Average Benton County Assessed Value
$183,200
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atkins, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52206 | $154,900 | $226,675 | $301,550 | $362,750 | $447,800 |
Source: Ownwell
Property Tax Bills Across Atkins, Benton County, Iowa
In Atkins, located in Benton County, IA, 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 then multiplied by the local property tax rate. Homeowners in Atkins typically see tax bills that vary considerably depending on the assessed value of their property. For instance, the 25th percentile tax bill is around $2,628, while the 75th percentile tax bill reaches approximately $4,598. Several factors influence the tax bill, including property size, location, and any improvements made to the property. These factors contribute to the assessed value, which is used to calculate the final tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Atkins may find their tax burden to be relatively proportional given the local economic conditions and property values. This tax burden can significantly impact homeowners, affecting their annual budgeting and long-term financial planning.
Average Atkins Tax Bill
$3,800
Average Benton County Tax Bill
$2,460
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Atkins, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52206 | $1,914 | $2,628 | $3,800 | $4,598 | $5,442 |
Source: Ownwell