Defiance, Iowa Property Taxes
The median property tax rate in Defiance, Iowa is 1.07%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Defiance at $272,375, the typical annual property tax bill comes to $2,720, just below the national median of $2,690. Property taxes in Defiance are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Defiance'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 Defiance or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Defiance, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,914
Ownwell’s Defiance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Defiance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Defiance 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 Defiance, Iowa
Property taxes in Defiance, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Defiance is 1.07%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Defiance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Defiance 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 Defiance's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51527 zip code has the highest median property tax rate of 1.07%, while the 51527 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Defiance provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Defiance Tax Rate
1.07%
Average Crawford County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Defiance, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51527 | 0.90% | 0.94% | 1.07% | 1.18% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Defiance, Iowa
In Defiance, 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 Crawford 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 Defiance, 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, the median home price in Defiance is $272,375, with the 25th percentile tax bill at $2,366 and the 75th percentile at $3,218. The highest median tax bill is $2,720 in zip code 51527. 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 Defiance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Defiance Assessed Value
$272,375
Average Crawford County Assessed Value
$109,475
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Defiance, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51527 | $156,735 | $196,250 | $272,375 | $332,562 | $472,075 |
Source: Ownwell
Property Tax Bills Across Defiance, Iowa
In Defiance, IA, located in Crawford County, property tax bills are calculated based on the assessed value of the home, which is determined by local government assessors. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Defiance is $272,375. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Defiance typically see tax bills that range significantly. At the 25th percentile, tax bills are around $2,366, while at the 75th percentile, they can reach up to $3,218. Homes in the 90th percentile can see tax bills as high as $3,466. While the highest and lowest median tax bills in Defiance both stand at $2,720, this is notably higher than the national median property tax rate of 0.99%. This means that homeowners in Defiance may face higher property taxes compared to the national average, impacting their annual financial planning.
Average Defiance Tax Bill
$2,720
Average Crawford County Tax Bill
$1,544
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Defiance, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51527 | $1,576 | $2,366 | $2,720 | $3,218 | $3,466 |
Source: Ownwell