Saint Donatus, Iowa Property Taxes
The median property tax rate in Saint Donatus, IA is 1.23%, 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 $159,450 in Saint Donatus, the typical annual property tax bill amounts to $1,942, below the national median of $2,690. Property taxes in Saint Donatus are determined based on the assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining an understanding of Saint Donatus's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Saint Donatus or another part of Jackson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Donatus, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,961
Ownwell’s Saint Donatus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Donatus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Donatus 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 Saint Donatus, Iowa
Property taxes in Saint Donatus, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Donatus is 1.23%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Saint Donatus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Donatus 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 Saint Donatus's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52071 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Saint Donatus 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 Saint Donatus Tax Rate
1.23%
Average Jackson County Tax Rate
1.24%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Donatus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52071 | 1.14% | 1.18% | 1.23% | 1.31% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Saint Donatus, Iowa
In Saint Donatus, 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 Saint Donatus, 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 Saint Donatus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Donatus is $159,450, with tax bills ranging from $1,368 at the 25th percentile to $2,899 at the 90th percentile. The zip code 52071 holds the highest and lowest median tax bill at $1,942.
Average Saint Donatus Assessed Value
$159,450
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 Saint Donatus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52071 | $77,360 | $113,550 | $159,450 | $190,825 | $249,700 |
Source: Ownwell
Property Tax Bills Across Saint Donatus, Iowa
In Saint Donatus, Jackson County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value of the home. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value. For homeowners in Saint Donatus, the median home price stands at $159,450. Property tax bills vary significantly, with the 25th percentile at $1,368 and the 75th percentile at $2,376. The highest median tax bill recorded in the area is $1,942, which is relatively high compared to the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Saint Donatus Tax Bill
$1,942
Average Jackson County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Donatus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52071 | $992 | $1,368 | $1,942 | $2,376 | $2,899 |
Source: Ownwell