Churdan, Iowa Property Taxes
The median property tax rate in Churdan, IA is 1.06%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $98,700 in Churdan, the typical annual property tax bill is $1,016, which is below the national median of $2,690. Property taxes in Churdan are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Churdan'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 Churdan or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Churdan, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,046
Ownwell’s Churdan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Churdan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Churdan 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 Churdan, Iowa
Property taxes in Churdan, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Churdan is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Churdan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Churdan 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 Churdan's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50050 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Churdan provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Churdan Tax Rate
1.06%
Average Greene County Tax Rate
1.35%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | 0.84% | 0.93% | 1.06% | 1.25% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Churdan, Iowa
In Churdan, 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 Greene 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 Churdan, 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 Churdan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50050 has both the highest and lowest median tax bill of $1,016, reflecting the uniformity in property tax assessments within the city.
Average Churdan Assessed Value
$98,700
Average Greene County Assessed Value
$113,750
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $27,120 | $50,450 | $98,700 | $162,000 | $241,810 |
Source: Ownwell
Property Tax Bills Across Churdan, Iowa
Property tax bills in Churdan, located in Greene County, IA, are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in Churdan is $98,700. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $604 and the 75th percentile tax bill at $1,848. The highest median tax bill in the region is $1,016, reflecting the variability in property values and local tax rates. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Churdan's rates provide a point of reference for assessing affordability and financial planning. Homeowners should stay informed about local assessments and potential changes in tax rates to better manage their property-related finances.
Average Churdan Tax Bill
$1,016
Average Greene County Tax Bill
$1,434
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $325 | $604 | $1,016 | $1,848 | $2,656 |
Source: Ownwell