Mount Pleasant, Henry County, Iowa Property Taxes
The median property tax rate in Mount Pleasant, 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 Mount Pleasant at $148,280, the typical annual property tax bill reaches $2,391, slightly below the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, Henry County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$2,461
$2,284
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, Henry County, Iowa
Property taxes in Mount Pleasant, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 1.66%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52641 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Mount Pleasant provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Pleasant Tax Rate
1.66%
Average Henry County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pleasant, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | 1.29% | 1.41% | 1.66% | 1.75% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Henry County, Iowa
In Mount Pleasant, 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 Henry 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 Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mount Pleasant is $148,280, with the 25th percentile tax bill at $1,603 and the 75th percentile at $3,360. The highest and lowest median tax bills both stand at $2,391 in zip code 52641.
Property Tax Assessment Values Across Mount Pleasant, Henry County, Iowa
Source: Ownwell
$40,945
$123,228
$205,510
Average Mount Pleasant Assessed Value
$148,280
Average Henry County Assessed Value
$136,180
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Pleasant, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $60,930 | $100,640 | $148,280 | $211,690 | $305,512 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Henry County, Iowa
In Mount Pleasant, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Henry County, the median home price is $148,280, and property taxes can vary significantly. For instance, the 25th percentile tax bill is around $1,603, while the 75th percentile tax bill can reach up to $3,360. At the 90th percentile, homeowners might see tax bills as high as $4,652. These tax bills are influenced by several factors, including changes in property values, local government budgets, and the specific tax rates set by the county. Compared to the national median property tax rate of 0.99%, the tax rates in Mount Pleasant can have a notable impact on homeowners' finances, making it essential to understand how these factors contribute to the overall tax burden.
Average Mount Pleasant Tax Bill
$2,391
Average Henry County Tax Bill
$2,175
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $970 | $1,603 | $2,391 | $3,360 | $4,652 |
Source: Ownwell