Coon Rapids, Greene County, Iowa Property Taxes
The median property tax rate in Coon Rapids, IA is 0.98%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With the median home value in Coon Rapids at $141,550, the typical annual property tax bill is $1,418, which is below the national median of $2,690. Property taxes in Coon Rapids are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Coon Rapids' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Coon Rapids 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
Coon Rapids, Greene County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,387
$1,287
Ownwell’s COON RAPIDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COON RAPIDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COON RAPIDS 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 Coon Rapids, Greene County, Iowa
Property taxes in Coon Rapids, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coon Rapids is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Coon Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coon Rapids 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 Coon Rapids' effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50058 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Coon Rapids 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 Coon Rapids Tax Rate
0.98%
Average Greene County Tax Rate
1.35%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coon Rapids, Greene County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | 0.88% | 0.93% | 0.98% | 1.06% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Coon Rapids, Greene County, Iowa
In Coon Rapids, 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 Appraisal District 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 Coon Rapids, 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. For example, the median home price in Coon Rapids is $141,550, with tax bills ranging from $1,007 at the 25th percentile to $2,552 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 Coon Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Coon Rapids, Greene County, Iowa
Source: Ownwell
$24,800
$110,000
$195,200
Average Coon Rapids Assessed Value
$141,550
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 Coon Rapids, Greene County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $58,050 | $109,400 | $141,550 | $209,400 | $257,300 |
Source: Ownwell
Property Tax Bills Across Coon Rapids, Greene County, Iowa
In Coon Rapids, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Coon Rapids is $141,550. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies depending on the specific area and services provided by the county. For example, the median tax bill in Coon Rapids is $1,418, which is relatively higher compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Coon Rapids may find their tax bills range widely; the 25th percentile tax bill is $1,007, while the 75th percentile tax bill reaches $2,373, and the 90th percentile can go up to $2,552. These taxes fund essential services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents.
Average Coon Rapids Tax Bill
$1,418
Average Greene County Tax Bill
$1,434
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Coon Rapids, Greene County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50058 | $583 | $1,007 | $1,418 | $2,373 | $2,552 |
Source: Ownwell