Fredericksburg, Chickasaw County, Iowa Property Taxes
The median property tax rate in Fredericksburg, IA is 1.15%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Fredericksburg at $133,700, the typical annual property tax bill reaches $1,475, exceeding the national median of $2,690. Property taxes in Fredericksburg are calculated based on the assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fredericksburg'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 Fredericksburg 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
Fredericksburg, Chickasaw County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,538
$1,427
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg 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 Fredericksburg, Chickasaw County, Iowa
Property taxes in Fredericksburg, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg stands at 1.15%, which is notably higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50630 has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with Fredericksburg provides valuable insights into the varying tax landscape across Chickasaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
1.15%
Average Chickasaw County Tax Rate
1.19%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50630 | 0.96% | 1.04% | 1.15% | 1.29% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Chickasaw County, Iowa
In Fredericksburg, 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 Chickasaw County 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. In Fredericksburg, 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. For instance, zip code 50630 has the highest median tax bill at $1,475. 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 Fredericksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fredericksburg, Chickasaw County, Iowa
Source: Ownwell
$95,100
$178,500
$261,900
Average Fredericksburg Assessed Value
$133,700
Average Chickasaw County Assessed Value
$150,300
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50630 | $39,700 | $84,300 | $133,700 | $199,300 | $290,940 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Chickasaw County, Iowa
In Fredericksburg, Chickasaw County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Fredericksburg is $133,700, and the median property tax rate in the area is comparable to the national median of 0.99%. Homeowners can expect their tax bills to vary significantly, with the 25th percentile paying around $932 annually, while those in the 75th percentile pay about $2,341. At the 90th percentile, the tax bill can reach up to $3,630. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. High property taxes can impact homeowners by increasing their annual expenses, which is crucial for budgeting and financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Fredericksburg Tax Bill
$1,475
Average Chickasaw County Tax Bill
$1,710
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50630 | $522 | $932 | $1,475 | $2,341 | $3,630 |
Source: Ownwell