Protivin, Howard County, Iowa Property Taxes
The median property tax rate in Protivin, IA is 1.25%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Protivin at $78,735, the typical annual property tax bill amounts to $990, which is below the national median of $2,690. Property taxes in Protivin are determined based on the assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Protivin'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 Protivin or another part of Howard County, grasping the nuances of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Protivin, Howard County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$984
$913
Ownwell’s Protivin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Protivin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Protivin 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 Howard County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Protivin, Howard County, Iowa
Property taxes in Protivin, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Protivin is 1.25%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Protivin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Protivin 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 Protivin's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52163 has both the highest and lowest median property tax rate of 1.25%. Understanding how these cities compare with Protivin provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Protivin Tax Rate
1.25%
Average Howard County Tax Rate
1.43%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Protivin, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52163 | 1.07% | 1.19% | 1.25% | 1.36% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Protivin, Howard County, Iowa
In Protivin, 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 Howard 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 Protivin, 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 Protivin is $78,735, with tax bills ranging from $612 at the 25th percentile to $1,916 at the 90th percentile. The highest and lowest median tax bills are both $990 in the 52163 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 Protivin, Howard County, Iowa
Source: Ownwell
$78,735
$134,103
$189,470
Average Protivin Assessed Value
$78,735
Average Howard County Assessed Value
$120,780
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Protivin, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52163 | $28,210 | $49,938 | $78,735 | $125,612 | $150,872 |
Source: Ownwell
Property Tax Bills Across Protivin, Howard County, Iowa
In Protivin, located in Howard County, IA, property tax bills are calculated based on the assessed value of the home. The local tax assessor determines this value, which is then multiplied by the local tax rate to calculate the annual tax bill. For Protivin, the tax rate can result in varying bills depending on the home's value. For instance, the median home price in the area is $78,735, with property tax bills ranging from $612 at the 25th percentile to $1,508 at the 75th percentile, and up to $1,916 at the 90th percentile. Factors such as property size, location, and any applicable exemptions can influence the final tax bill. Homeowners in Protivin face a median property tax bill of $990, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Protivin Tax Bill
$990
Average Howard County Tax Bill
$1,672
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Protivin, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52163 | $302 | $612 | $990 | $1,508 | $1,916 |
Source: Ownwell