Aplington, Grundy County, Iowa Property Taxes
The median property tax rate in Aplington, IA is 0.94%, slightly below the national median of 0.99% and significantly lower than Iowa's state median of 1.54%. With a median home value of $204,020 in Aplington, the typical annual property tax bill amounts to $1,968, which is less than the national median of $2,690. Property taxes in Aplington are calculated based on the tax assessed value, which is typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aplington'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 Aplington or another part of Grundy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aplington, Grundy County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,918
$1,780
Ownwell’s Aplington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aplington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aplington 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 Aplington, Grundy County, Iowa
Property taxes in Aplington, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aplington is 1.25%, higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Aplington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aplington 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 Aplington's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50604 zip code has the highest median property tax rate of 1.25%, while 50604 also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Aplington provides valuable insights into the varying tax landscape across Butler, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aplington Tax Rate
0.94%
Average Grundy County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aplington, Grundy County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | 0.87% | 0.89% | 0.94% | 1.07% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Aplington, Grundy County, Iowa
In Aplington, 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 Grundy County 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 Aplington, 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 Aplington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Aplington is $1968 in the 50604 zip code, while the lowest median tax bill is also $1968 in the same zip code. The median home price in Aplington is $204,020, with tax bills ranging from $1,322 at the 25th percentile to $4,675 at the 90th percentile.
Property Tax Assessment Values Across Aplington, Grundy County, Iowa
Source: Ownwell
$75,870
$193,363
$310,855
Average Aplington Assessed Value
$204,020
Average Grundy County Assessed Value
$168,355
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aplington, Grundy County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | $105,464 | $147,010 | $204,020 | $299,250 | $442,820 |
Source: Ownwell
Property Tax Bills Across Aplington, Grundy County, Iowa
In Aplington, Grundy 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 property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and property improvements. For instance, the median home price in Aplington is $204,020, and the property tax rate in Grundy County can lead to varying tax bills. Homeowners in the 25th percentile can expect a tax bill around $1,322, while those in the 75th percentile might see a bill closer to $3,040. At the 90th percentile, the tax bill can reach up to $4,675. These taxes fund essential public services such as schools, infrastructure, and emergency services, significantly impacting homeowners' budgets. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Aplington Tax Bill
$1,968
Average Grundy County Tax Bill
$2,137
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Aplington, Grundy County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50604 | $998 | $1,322 | $1,968 | $3,040 | $4,675 |
Source: Ownwell