Arlington, Fayette County, Iowa Property Taxes
The median property tax rate in Arlington, Iowa is 1.31%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Arlington at $139,300, the typical annual property tax bill reaches $1,584, which falls below the national median of $2,690. Property taxes in Arlington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arlington'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 Arlington or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arlington, Fayette County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,825
$1,693
Ownwell’s Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Fayette County, Iowa
Property taxes in Arlington, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.31%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50606 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.31%
Average Fayette County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Fayette County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | 0.91% | 1.02% | 1.31% | 1.49% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Fayette County, Iowa
In Arlington, 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 Fayette 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 Arlington, 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 Arlington stands at $139,300, with tax bills ranging from $884 at the 25th percentile to $5,214 at the 90th percentile. 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Arlington, Fayette County, Iowa
Source: Ownwell
$59,830
$192,195
$324,560
Average Arlington Assessed Value
$139,300
Average Fayette County Assessed Value
$118,020
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Fayette County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | $28,740 | $70,980 | $139,300 | $252,980 | $408,300 |
Source: Ownwell
Property Tax Bills Across Arlington, Fayette County, Iowa
In Arlington, Fayette County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value reflects the market value of the property, taking into account factors such as location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Arlington, the median home price is $139,300. The property tax rate in Fayette County is applied to this value to determine the tax bill. Homeowners in the 25th percentile can expect a tax bill around $884, while those in the 75th percentile might see bills as high as $3,014. At the 90th percentile, tax bills can reach up to $5,214. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Arlington. With the national median property tax rate at 0.99%, Arlington's tax rates provide a comparative perspective on local taxation and its implications for homeowners.
Average Arlington Tax Bill
$1,584
Average Fayette County Tax Bill
$1,568
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Fayette County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | $359 | $884 | $1,584 | $3,014 | $5,214 |
Source: Ownwell