Schleswig, Iowa Property Taxes
The median property tax rate in Schleswig, IA is 1.31%, 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 Schleswig at $118,420, the typical annual property tax bill reaches $1,542, which exceeds the national median of $2,690. Property taxes in Schleswig are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Schleswig'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 Schleswig 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
Schleswig, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,551
Ownwell’s Schleswig Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schleswig with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schleswig 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 Schleswig, Iowa
Property taxes in Schleswig, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schleswig is 1.31%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Schleswig set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schleswig 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 Schleswig's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51461 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Schleswig provides valuable insights into the varying tax landscape across Crawford, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Schleswig Tax Rate
1.31%
Average Crawford County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schleswig, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51461 | 1.04% | 1.16% | 1.31% | 1.48% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Schleswig, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Schleswig, Iowa. 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 Schleswig, 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. The median home price in Schleswig is $118,420, with tax bills ranging from $921 at the 25th percentile to $3,524 at the 90th percentile. The zip code with the highest median tax bill is 51461, at $1,542, and the lowest median tax bill is also $1,542, highlighting a consistent tax burden across the area. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Schleswig Assessed Value
$118,420
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 Schleswig, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51461 | $14,268 | $71,935 | $118,420 | $187,818 | $294,187 |
Source: Ownwell
Property Tax Bills Across Schleswig, Iowa
In Schleswig, 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 tax bill. For homeowners in Schleswig, the median home price is $118,420. The property tax rate in Crawford County influences the final amount, with tax bills varying significantly across different percentiles. For instance, homeowners at the 25th percentile pay around $921 annually, while those at the 75th percentile face a tax bill of about $2,320. At the 90th percentile, the tax bill can soar to $3,524. These variations highlight the impact of property values and local tax rates on homeowners' finances. Comparatively, the national median property tax rate is 0.99%, which offers a benchmark to understand how local rates stack up. Homeowners in Schleswig should be aware of these factors as they significantly influence their annual financial obligations.
Average Schleswig Tax Bill
$1,542
Average Crawford County Tax Bill
$1,544
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Schleswig, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51461 | $236 | $921 | $1,542 | $2,320 | $3,524 |
Source: Ownwell