Audubon, Iowa Property Taxes
The median property tax rate in Audubon, IA is 1.09%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Audubon at $172,500, the typical annual property tax bill is $1,884, which is below the national median of $2,690. Property taxes in Audubon are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Audubon’s property tax system, exploring available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you reside in Audubon or another part of the county, getting a grasp on the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Audubon, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,880
Ownwell’s Audubon Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Audubon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Audubon to provide an estimate of your property tax bill. This intuitive tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Audubon, Iowa
Property taxes in Audubon, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Audubon is 1.09%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Audubon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Audubon 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 Audubon's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50025 zip code has the highest median property tax rate of 1.09%, while the same zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Audubon provides valuable insights into the varying tax landscape across Audubon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Audubon Tax Rate
1.09%
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Audubon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Audubon, Iowa
In Audubon, 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 Guthrie 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 Audubon, 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 Audubon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50025 has both the highest and lowest median tax bills, each valued at $1,884.
Average Audubon Assessed Value
$172,500
Average Guthrie County Assessed Value
$152,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Audubon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | $172,500 | $172,500 | $172,500 | $172,500 | $172,500 |
Source: Ownwell
Property Tax Bills Across Audubon, Iowa
In Audubon, IA, located in Guthrie County, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage can vary based on local regulations. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Audubon, the median property tax bill is $1,884, aligning with the national median property tax rate of 0.99%. This means that for a median home price of $172,500, homeowners can expect a tax bill around this amount. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence the assessed value and, consequently, the tax bill. This tax bill impacts homeowners by contributing to local public services such as schools, infrastructure, and emergency services, making it a crucial component of community funding. Understanding how these bills are calculated helps homeowners plan their finances and anticipate changes in their annual expenses.
Average Audubon Tax Bill
$1,884
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Audubon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50025 | $1,884 | $1,884 | $1,884 | $1,884 | $1,884 |
Source: Ownwell