Aurelia, Buena Vista County, Iowa Property Taxes
The median property tax rate in Aurelia, IA is 0.97%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With a median home value of $192,250 in Aurelia, the typical annual property tax bill amounts to $1,992, which is below the national median of $2,690. Property taxes in Aurelia are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Aurelia'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 Aurelia or another part of Buena Vista County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aurelia, Buena Vista County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,865
$1,731
Ownwell’s Aurelia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurelia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurelia 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 Aurelia, Buena Vista County, Iowa
Property taxes in Aurelia, Iowa, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurelia is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Aurelia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurelia 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 Aurelia's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51005 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Aurelia provides valuable insights into the varying tax landscape across Buena Vista County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurelia Tax Rate
0.97%
Average Buena Vista County Tax Rate
1.46%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurelia, Buena Vista County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51005 | 0.83% | 0.89% | 0.97% | 1.07% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Aurelia, Buena Vista County, Iowa
In Aurelia, 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 Buena Vista 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. 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 Aurelia 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 Aurelia is 51005, with a median tax bill of $1,992.
Property Tax Assessment Values Across Aurelia, Buena Vista County, Iowa
Source: Ownwell
$34,295
$123,713
$213,130
Average Aurelia Assessed Value
$192,250
Average Buena Vista County Assessed Value
$152,730
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurelia, Buena Vista County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51005 | $54,970 | $139,345 | $192,250 | $284,790 | $434,720 |
Source: Ownwell
Property Tax Bills Across Aurelia, Buena Vista County, Iowa
In Aurelia, located in Buena Vista County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the property tax rate set by the county. The median home price in Aurelia is $192,250, which helps to give an idea of what homeowners might expect in terms of property taxes. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. For instance, the 25th percentile tax bill stands at $1,362, while the 75th percentile tax bill reaches $2,724, showing a range based on varying property values and assessments. The highest median tax bill recorded in the area is $1,992, which aligns with the national median property tax rate of 0.99%. Homeowners in Aurelia need to be aware of these variables as they can significantly impact their annual property tax obligations. Understanding these factors can help in better financial planning and potentially appealing for exemptions or reassessments.
Average Aurelia Tax Bill
$1,992
Average Buena Vista County Tax Bill
$2,124
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurelia, Buena Vista County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51005 | $470 | $1,362 | $1,992 | $2,724 | $4,329 |
Source: Ownwell