Voorhies, Iowa Property Taxes
The median property tax rate in Voorhies, IA is 0.86%, which is lower than both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $131,935 in Voorhies, the typical annual property tax bill amounts to $1,435, falling below the national median of $2,690. Property taxes in Voorhies are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in Voorhies, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Voorhies or another part of Black Hawk County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Voorhies, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,135
Ownwell’s Voorhies Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Voorhies with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Voorhies 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 Voorhies, Iowa
Property taxes in Voorhies, Iowa, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Voorhies is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Voorhies set these rates annually, and they can vary significantly across different neighborhoods. Each year, Voorhies 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. Understanding how these cities compare with Voorhies provides valuable insights into the varying tax landscape across Black Hawk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Voorhies Tax Rate
0.86%
Average Black Hawk County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Voorhies, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50643 | 0.76% | 0.81% | 0.86% | 1.50% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Voorhies, Iowa
In Voorhies, 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 Black Hawk 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 Voorhies, 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 Voorhies helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1435 in zip code 50643, while the lowest median tax bill is also $1435 in the same zip code.
Average Voorhies Assessed Value
$131,935
Average Black Hawk County Assessed Value
$149,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Voorhies, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50643 | $81,857 | $96,732 | $131,935 | $181,555 | $232,090 |
Source: Ownwell
Property Tax Bills Across Voorhies, Iowa
In Voorhies, located in Black Hawk County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $131,935, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. In Voorhies, the 25th percentile tax bill is $809, while the 75th percentile tax bill is $2,168, and the 90th percentile tax bill reaches $2,595. These figures illustrate the range of tax obligations homeowners might face, impacting their overall housing costs. Compared to the national median property tax rate of 0.99%, Voorhies residents experience a diverse range of tax bills, highlighting the importance of understanding local property tax calculations.
Average Voorhies Tax Bill
$1,435
Average Black Hawk County Tax Bill
$2,318
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Voorhies, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50643 | $684 | $809 | $1,435 | $2,168 | $2,595 |
Source: Ownwell