Manson, Iowa Property Taxes
The median property tax rate in Manson, IA is 1.51%, which is considerably higher than the national median of 0.99% but slightly below the Iowa state median of 1.54%. With the median home value in Manson at $132,900, the typical annual property tax bill reaches $1,896, which is below the national median of $2,690. Property taxes in Manson 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 Manson'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 Manson 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
Manson, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,007
Ownwell’s Manson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manson 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 Manson, Iowa
Property taxes in Manson, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manson is 1.51%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Manson set these rates annually, and they can vary across different neighborhoods. Each year, Manson 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 Manson's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50563 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Manson provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manson Tax Rate
1.51%
Average Calhoun County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50563 | 0.83% | 0.95% | 1.51% | 1.73% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Manson, Iowa
In Manson, 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 Calhoun 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 Manson, 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 Manson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50563 has the highest and lowest median tax bill, both at $1,896, reflecting a consistent tax landscape within the area.
Average Manson Assessed Value
$132,900
Average Calhoun County Assessed Value
$99,020
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50563 | $56,312 | $89,310 | $132,900 | $240,260 | $519,632 |
Source: Ownwell
Property Tax Bills Across Manson, Iowa
In Manson, located in Calhoun 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. Homeowners in Manson can expect a property tax rate that varies, with the median tax bill being $1,896. This figure is relatively high when compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, a home with a median market price of $132,900 would have a different tax bill than one assessed at a higher or lower value. The tax bills in Manson show significant variation, with the 25th percentile tax bill at $1,252 and the 75th percentile at $2,976, going up to $5,090 at the 90th percentile. This variability can significantly impact homeowners, influencing their financial planning and overall housing affordability.
Average Manson Tax Bill
$1,896
Average Calhoun County Tax Bill
$1,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Manson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50563 | $564 | $1,252 | $1,896 | $2,976 | $5,090 |
Source: Ownwell