Stanley, Iowa Property Taxes
The median property tax rate in Stanley, IA is 1.31%, which is notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Stanley at $75,140, the typical annual property tax bill amounts to $1,040, falling well below the national median of $2,690. Property taxes in Stanley are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stanley'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 Stanley or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanley, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$984
Ownwell’s Stanley Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Stanley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stanley to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed information, localized trends are available further down the page. Your property’s assessed value, determined by Buchanan County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Stanley, Iowa
Property taxes in Stanley, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 1.31%, significantly higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50671 zip code has the highest median property tax rate of 1.31%, while the same zip code also represents the lowest median tax rate of 1.31%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
1.31%
Average Buchanan County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50671 | 1.07% | 1.15% | 1.31% | 1.52% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stanley, Iowa. 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 Buchanan 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 Stanley, 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. For instance, the median home price in Stanley is $75,140, with tax bills ranging from $531 at the 25th percentile to $3,034 at the 90th percentile. The zip code with the highest median tax bill is 50671, with a median tax bill of $1,040. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanley Assessed Value
$75,140
Average Buchanan County Assessed Value
$154,105
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50671 | $27,274 | $38,050 | $75,140 | $184,860 | $255,534 |
Source: Ownwell
Property Tax Bills Across Stanley, Iowa
Property tax bills in Stanley, Buchanan County, IA, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in Stanley can expect a range of property tax bills, with the 25th percentile at $531 and the 75th percentile reaching $2,401. The 90th percentile of tax bills can go up to $3,034, highlighting a significant variation based on property characteristics and assessed value. Compared to the national median property tax rate of 0.99%, Stanley's rates reflect the local economic conditions and municipal budget requirements. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Stanley Tax Bill
$1,040
Average Buchanan County Tax Bill
$2,162
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50671 | $270 | $531 | $1,040 | $2,401 | $3,034 |
Source: Ownwell