Sutherland, Iowa Property Taxes
The median property tax rate in Sutherland, IA is 0.87%, noticeably lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Sutherland at $164,150, the typical annual property tax bill reaches $1,550, which is significantly less than the national median of $2,690. Property taxes in Sutherland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sutherland'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 Sutherland 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
Sutherland, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,428
Ownwell’s Sutherland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Sutherland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutherland 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 Cherokee County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sutherland, Iowa
Property taxes in Sutherland, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherland is 1.16%, higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Sutherland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherland 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 Sutherland's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51058 zip code has the highest median property tax rate of 1.16%, while the 51058 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Sutherland provides valuable insights into the varying tax landscape across O'Brien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sutherland Tax Rate
0.87%
Average Cherokee County Tax Rate
1.11%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51058 | 0.73% | 0.76% | 0.87% | 1.00% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Sutherland, Iowa
In Sutherland, 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 local 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 in Sutherland 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 Sutherland 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 Cherokee County is 51058, both at $1,550.
Average Sutherland Assessed Value
$164,150
Average Cherokee County Assessed Value
$121,460
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sutherland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51058 | $124,020 | $144,510 | $164,150 | $202,150 | $344,458 |
Source: Ownwell
Property Tax Bills Across Sutherland, Iowa
In Sutherland, located in Cherokee County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Sutherland is $164,150. Tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Sutherland, the 25th percentile of tax bills is around $1,208, while the 75th percentile reaches approximately $1,964. At the higher end, the 90th percentile tax bill can be as much as $2,848. These figures indicate that property taxes can vary significantly depending on the specific characteristics and assessed value of each property. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Sutherland's property taxes align with broader trends. Homeowners should be aware of these factors as they can significantly impact annual expenses and overall affordability.
Average Sutherland Tax Bill
$1,550
Average Cherokee County Tax Bill
$1,348
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51058 | $947 | $1,208 | $1,550 | $1,964 | $2,848 |
Source: Ownwell