Coon Rapids, Carroll County, Iowa Property Taxes
The median property tax rate in Coon Rapids, Iowa, is 1.23%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $101,490 in Coon Rapids, the typical annual property tax bill amounts to $1,236, falling below the national median of $2,690. Property taxes in Coon Rapids are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Coon Rapids' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Coon Rapids 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
Coon Rapids, Carroll County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,248
$1,158
Ownwell’s Coon Rapids Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coon Rapids with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coon Rapids 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 Coon Rapids, Carroll County, Iowa
Property taxes in Coon Rapids, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coon Rapids is 1.23%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Coon Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coon Rapids 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 Coon Rapids' effective property tax rate to other counties in Iowa and the national median. For comparison, the 50058 zip code has the highest median property tax rate of 1.23%, while the same 50058 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Coon Rapids provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coon Rapids Tax Rate
1.23%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coon Rapids, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | 0.83% | 1.03% | 1.23% | 1.42% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Coon Rapids, Carroll County, Iowa
In Coon Rapids, 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 Carroll 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 Coon Rapids, 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 Coon Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coon Rapids are both $1,236, found in zip code 50058.
Property Tax Assessment Values Across Coon Rapids, Carroll County, Iowa
Source: Ownwell
$33,445
$121,328
$209,210
Average Coon Rapids Assessed Value
$101,490
Average Carroll County Assessed Value
$153,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coon Rapids, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $30,674 | $63,052 | $101,490 | $158,740 | $224,134 |
Source: Ownwell
Property Tax Bills Across Coon Rapids, Carroll County, Iowa
In Coon Rapids, Carroll County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition, as well as recent sales of comparable properties in the area. Homeowners in Coon Rapids can expect property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $730, while at the 75th percentile, it climbs to $1,936. The 90th percentile sees tax bills as high as $2,836. The highest median tax bill in the area is $1,236, which aligns with the lowest median tax bill, both located in the 50058 zip code. These tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning.
Average Coon Rapids Tax Bill
$1,236
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Coon Rapids, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $386 | $730 | $1,236 | $1,936 | $2,836 |
Source: Ownwell