Swaledale, Iowa Property Taxes
The median property tax rate in Swaledale, IA is 1.11%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $91,090 in Swaledale, the typical annual property tax bill is $786, which is significantly below the national median of $2,690. Property taxes in Swaledale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Swaledale'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 Swaledale or another part of Cerro Gordo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swaledale, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,011
Ownwell’s Swaledale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swaledale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swaledale 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 Swaledale, Iowa
Property taxes in Swaledale, Iowa, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Swaledale is 1.11%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Swaledale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swaledale 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 Swaledale's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50477 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Swaledale provides valuable insights into the varying tax landscape across Cerro Gordo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swaledale Tax Rate
1.11%
Average Cerro Gordo County Tax Rate
1.43%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swaledale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50477 | 0.14% | 0.45% | 1.11% | 1.34% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Swaledale, Iowa
In Swaledale, 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 Cerro Gordo 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 Swaledale, 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 Swaledale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50477 has both the highest and lowest median tax bill at $786.
Average Swaledale Assessed Value
$91,090
Average Cerro Gordo County Assessed Value
$157,690
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swaledale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50477 | $33,364 | $55,875 | $91,090 | $206,045 | $315,226 |
Source: Ownwell
Property Tax Bills Across Swaledale, Iowa
In Swaledale, located in Cerro Gordo County, IA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, any improvements made, and local real estate trends. For homeowners in Swaledale, the median home price stands at $91,090. Property tax bills vary significantly within the city, ranging from the 25th percentile at $440 to the 90th percentile at $2,013 annually. This variation is due to differences in property values and individual assessments. The median tax bill in the area is $786, which is below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Swaledale Tax Bill
$786
Average Cerro Gordo County Tax Bill
$2,032
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Swaledale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50477 | $187 | $440 | $786 | $1,355 | $2,013 |
Source: Ownwell