Guthrie Center, Guthrie County, Iowa Property Taxes
The median property tax rate in Guthrie Center, IA is 1.40%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $112,100 in Guthrie Center, the typical annual property tax bill amounts to $1,474, falling below the national median of $2,690. Property taxes in Guthrie Center are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Guthrie Center'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 Guthrie Center or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guthrie Center, Guthrie County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,569
$1,456
Ownwell’s Guthrie Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guthrie Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guthrie Center 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 Guthrie Center, Guthrie County, Iowa
Property taxes in Guthrie Center, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guthrie Center is 1.40%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Guthrie Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guthrie Center 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 Guthrie Center's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50115 has the highest median property tax rate of 1.40%, while the lowest median tax rate is also 1.40%. Understanding how these cities compare with Guthrie Center provides valuable insights into the varying tax landscape across Guthrie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guthrie Center Tax Rate
1.40%
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guthrie Center, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | 0.99% | 1.13% | 1.40% | 1.55% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Guthrie Center, Guthrie County, Iowa
In Guthrie Center, 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 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 Guthrie Center, 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 Guthrie Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,474, found in zip code 50115.
Property Tax Assessment Values Across Guthrie Center, Guthrie County, Iowa
Source: Ownwell
$55,000
$227,000
$399,000
Average Guthrie Center Assessed Value
$112,100
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 Guthrie Center, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | $42,200 | $67,000 | $112,100 | $177,700 | $270,080 |
Source: Ownwell
Property Tax Bills Across Guthrie Center, Guthrie County, Iowa
In Guthrie Center, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Guthrie Center is $112,100, which serves as a reference point for calculating property taxes. For homeowners, the tax bill can vary significantly. The 25th percentile tax bill is around $936, while the 75th percentile tax bill reaches up to $2,256. At the 90th percentile, homeowners might see a tax bill as high as $3,330. These variations depend on factors such as property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Guthrie Center's tax bills reflect the local economic and property market conditions, impacting homeowners' annual financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets more effectively.
Average Guthrie Center Tax Bill
$1,474
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Guthrie Center, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50115 | $537 | $936 | $1,474 | $2,256 | $3,330 |
Source: Ownwell