Kellogg, Iowa Property Taxes
The median property tax rate in Kellogg, IA is 1.14%, 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 Kellogg at $151,250, the typical annual property tax bill amounts to $1,600, falling below the national median of $2,690. Property taxes in Kellogg are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kellogg'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 Kellogg or another part of Jasper County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kellogg, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,724
Ownwell’s Kellogg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kellogg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellogg 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 Kellogg, Iowa
Property taxes in Kellogg, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kellogg is 1.14%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Kellogg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kellogg 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 Kellogg's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50135 zip code has the highest median property tax rate of 1.14%, while the 50135 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Kellogg provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kellogg Tax Rate
1.14%
Average Jasper County Tax Rate
1.61%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kellogg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50135 | 0.94% | 1.01% | 1.14% | 1.22% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Kellogg, Iowa
In Kellogg, 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 Jasper 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 Kellogg, 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 Kellogg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 50135, with a median bill of $1600.
Average Kellogg Assessed Value
$151,250
Average Jasper County Assessed Value
$166,390
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kellogg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50135 | $47,767 | $90,938 | $151,250 | $225,275 | $301,666 |
Source: Ownwell
Property Tax Bills Across Kellogg, Iowa
In Kellogg, located in Jasper County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the property's market value. The tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can significantly influence this assessed value. Homeowners in Kellogg can expect varying tax bills, with the 25th percentile tax bill at $1,021 and the 75th percentile reaching $2,604. For those at the 90th percentile, the tax bill can be as high as $3,526. These figures indicate a range of property tax burdens, reflecting differences in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, the property tax rates in Kellogg can lead to significant financial considerations for homeowners, impacting their overall cost of living and long-term financial planning.
Average Kellogg Tax Bill
$1,600
Average Jasper County Tax Bill
$2,548
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellogg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50135 | $499 | $1,021 | $1,600 | $2,604 | $3,526 |
Source: Ownwell