West Des Moines, Iowa Property Taxes
The median property tax rate in West Des Moines, IA is 1.63%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in West Des Moines, the typical annual property tax bill reaches $3,806, exceeding the national median of $2,690. Property taxes in West Des Moines 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 West Des Moines'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 West Des Moines 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
West Des Moines, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,998
Ownwell’s West Des Moines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Des Moines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Des Moines 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 West Des Moines, Iowa
Property taxes in West Des Moines, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Des Moines is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Des Moines set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Des Moines 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 West Des Moines' effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50266 has the median property tax rate of 1.63%. Understanding how these cities compare with West Des Moines 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 West Des Moines Tax Rate
1.63%
Average Dallas County Tax Rate
1.62%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50266 | 1.52% | 1.59% | 1.63% | 1.65% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across West Des Moines, Iowa
In West Des Moines, 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 West Des Moines, 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 West Des Moines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In West Des Moines, the median home price is $245,300, with tax bills ranging significantly. The 25th percentile tax bill is $2,372, while the 75th percentile tax bill is $6,034, and the 90th percentile tax bill reaches $8,120. The zip code 50266 has the highest and lowest median tax bill, both at $3,878.
Average West Des Moines Assessed Value
$245,300
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 West Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50266 | $105,620 | $149,760 | $249,055 | $377,378 | $505,895 |
Source: Ownwell
Property Tax Bills Across West Des Moines, Iowa
In West Des Moines, Dallas County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $245,300, homeowners in this area can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $2,372, while those at the 75th percentile can reach $6,034, and at the 90th percentile, they can go up to $8,120. Several factors influence these calculations, including the home's market value, local tax rates, and any applicable exemptions or abatements. The highest median tax bill in the area is $3,878, found in the 50266 zip code, which also has the lowest median tax bill at the same amount. These property taxes significantly impact homeowners by affecting their annual expenses and the overall affordability of owning a home in West Des Moines.
Average West Des Moines Tax Bill
$3,806
Average Dallas County Tax Bill
$3,638
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across West Des Moines, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50266 | $1,762 | $2,420 | $3,878 | $6,050 | $8,146 |
Source: Ownwell