Granger, Iowa Property Taxes
The median property tax rate in Granger, IA is 1.72%, significantly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Granger at $260,670, the typical annual property tax bill reaches $4,144, surpassing the national median of $2,690. Property taxes in Granger are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Granger'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 Granger or another part of Dallas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granger, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$4,484
Ownwell’s Granger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granger 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 Granger, Iowa
Property taxes in Granger, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granger is 1.62%, which is higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Granger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granger 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 Granger's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50109 zip code has the highest median property tax rate of 1.72%, while the 50109 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Granger provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granger Tax Rate
1.72%
Average Dallas County Tax Rate
1.62%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granger, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50109 | 1.11% | 1.22% | 1.72% | 1.78% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Granger, Iowa
In Granger, 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 Dallas 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 Granger, 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 Granger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,144, found in the 50109 zip code.
Average Granger Assessed Value
$260,670
Average Dallas County Assessed Value
$264,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granger, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50109 | $144,129 | $205,600 | $260,670 | $319,980 | $379,912 |
Source: Ownwell
Property Tax Bills Across Granger, Iowa
In Granger, Dallas 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 amount owed. Factors that influence the assessed value include the market value of the property, improvements made to the home, and comparable property values in the area. For homeowners in Granger, the median home price is $260,670. Property tax bills can vary significantly, with the 25th percentile at $2,680 and the 75th percentile at $5,050. At the higher end, the 90th percentile tax bill reaches $6,170. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. High property tax bills can impact homeowners by increasing the annual cost of homeownership, potentially affecting affordability and financial planning.
Average Granger Tax Bill
$4,144
Average Dallas County Tax Bill
$3,638
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Granger, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50109 | $1,317 | $2,680 | $4,144 | $5,050 | $6,170 |
Source: Ownwell