Alden, Hardin County, Iowa Property Taxes
The median property tax rate in Alden, IA is 1.66%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Alden at $91,440, the typical annual property tax bill reaches $1,426, exceeding the national median of $2,690. Property taxes in Alden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alden'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 Alden 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
Alden, Hardin County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,518
$1,409
Ownwell’s Alden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alden 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 Alden, Hardin County, Iowa
Property taxes in Alden, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alden is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alden 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 Alden's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50006 zip code has the highest median property tax rate of 1.66%, while the lowest median tax rate is also 1.66%, indicating uniformity in the tax rates within Hardin County. Understanding how these cities compare with Alden provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alden Tax Rate
1.66%
Average Hardin County Tax Rate
1.61%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, Hardin County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | 1.11% | 1.24% | 1.66% | 1.91% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Alden, Hardin County, Iowa
In Alden, 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 Hardin County Assessor's Office 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 Alden, 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. The median home price in Alden is $91,440, with the 25th percentile tax bill at $782 and the 75th percentile at $2,264. The highest and lowest median tax bill in the area is $1,426 in the 50006 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Alden, Hardin County, Iowa
Source: Ownwell
$49,590
$80,755
$111,920
Average Alden Assessed Value
$91,440
Average Hardin County Assessed Value
$94,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alden, Hardin County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | $25,260 | $49,050 | $91,440 | $146,730 | $221,930 |
Source: Ownwell
Property Tax Bills Across Alden, Hardin County, Iowa
In Alden, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as market conditions, property improvements, and neighborhood trends can influence the assessed value. For example, the median home price in Alden is $91,440. Homeowners in Alden experience a range of property tax bills, with the 25th percentile paying around $782 annually, while those in the 75th percentile pay approximately $2,264. At the higher end, the 90th percentile sees tax bills reaching up to $3,069. The median tax bill for the area is $1,426, which is significantly higher than the national median property tax rate of 0.99%. This variation can have a substantial impact on homeowners, affecting their annual budgets and long-term financial planning. Understanding these factors is crucial for homeowners to manage their property tax obligations effectively.
Average Alden Tax Bill
$1,426
Average Hardin County Tax Bill
$1,480
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, Hardin County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50006 | $376 | $782 | $1,426 | $2,264 | $3,069 |
Source: Ownwell