Andrew, Jackson County, Iowa Property Taxes
The median property tax rate in Andrew, IA is 1.24%, 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 Andrew being $110,700, the typical annual property tax bill amounts to $1,384, still below the national median of $2,690. Property taxes in Andrew are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Andrew'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 Andrew or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Andrew, Jackson County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,373
$1,274
Ownwell’s Andrew Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andrew with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andrew 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 Andrew, Jackson County, Iowa
Property taxes in Andrew, Iowa, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Andrew is 1.24%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Andrew set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andrew 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 Andrew's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52030 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Andrew provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andrew Tax Rate
1.24%
Average Jackson County Tax Rate
1.24%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andrew, Jackson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52030 | 1.10% | 1.19% | 1.24% | 1.33% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Andrew, Jackson County, Iowa
In Andrew, 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 Jackson 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 Andrew, 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 Andrew helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52030, both at $1,384.
Property Tax Assessment Values Across Andrew, Jackson County, Iowa
Source: Ownwell
$80,900
$162,475
$244,050
Average Andrew Assessed Value
$110,700
Average Jackson County Assessed Value
$157,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andrew, Jackson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52030 | $30,630 | $68,175 | $110,700 | $139,375 | $167,220 |
Source: Ownwell
Property Tax Bills Across Andrew, Jackson County, Iowa
In Andrew, located in Jackson County, IA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, with a median home price of $110,700, the property tax rate is applied to this value to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Andrew can expect a range of tax bills, with the 25th percentile around $829, the 75th percentile at $1710, and the 90th percentile reaching $2040. These figures indicate variability in tax burdens depending on individual property assessments and exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Andrew experience a relatively moderate property tax environment. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Andrew Tax Bill
$1,384
Average Jackson County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Andrew, Jackson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52030 | $380 | $829 | $1,384 | $1,710 | $2,040 |
Source: Ownwell