Kesley, Butler County, Iowa Property Taxes
The median property tax rate in Kesley, IA is 0.97%, slightly below the national median of 0.99% but significantly lower than the Iowa state median of 1.54%. With a median home value of $93,515 in Kesley, the typical annual property tax bill amounts to $1,002, which is below the national median of $2,690. Property taxes in Kesley are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Kesley’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 Kesley or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kesley, Butler County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$907
$842
Ownwell’s KESLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KESLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KESLEY 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 Kesley, Butler County, Iowa
Property taxes in Kesley, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kesley is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kesley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kesley 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 Kesley's effective property tax rate to other regions in Iowa and the national median. For comparison, the zip code 50649 in Butler County has the same median property tax rate of 0.97%. Understanding how these cities compare with Kesley provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kesley Tax Rate
0.97%
Average Butler County Tax Rate
1.42%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kesley, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50649 | 0.83% | 0.91% | 0.97% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Kesley, Butler County, Iowa
In Kesley, 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 Butler 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 Kesley, 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. For instance, the zip code 50649 has both the highest and lowest median tax bills at $1,002. Being aware of these valuation processes in Kesley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kesley, Butler County, Iowa
Source: Ownwell
$29,770
$185,580
$341,390
Average Kesley Assessed Value
$93,515
Average Butler County Assessed Value
$143,820
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kesley, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50649 | $79,285 | $83,558 | $93,515 | $133,962 | $182,430 |
Source: Ownwell
Property Tax Bills Across Kesley, Butler County, Iowa
In Kesley, located in Butler County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and the property tax rate is applied to this assessed value. The median property tax rate in Kesley is 1.07%, slightly higher than the national median of 0.99%. For instance, with a median home price of $93,515, homeowners can expect a property tax bill around $1,002 annually. However, tax bills vary significantly; the 25th percentile tax bill is approximately $751, while the 75th percentile reaches up to $1,348. At the 90th percentile, homeowners might face a tax bill as high as $1,849. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors helps in budgeting and recognizing the value these taxes bring to the community.
Average Kesley Tax Bill
$1,002
Average Butler County Tax Bill
$1,964
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kesley, Butler County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50649 | $710 | $751 | $1,002 | $1,348 | $1,849 |
Source: Ownwell