Kalona, Iowa Property Taxes
The median property tax rate in Kalona, IA is 1.15%, slightly above the national median of 0.99% but lower than Iowa's state median of 1.54%. With the median home value in Kalona at $264,100, the typical annual property tax bill amounts to $3,074, surpassing the national median of $2,690. Property taxes in Kalona are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kalona'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 Kalona 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
Kalona, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$3,037
Ownwell’s Kalona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalona 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 Kalona, Iowa
Property taxes in Kalona, Iowa, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Kalona is 1.15%, which is higher than the national median of 0.99%. Local government entities within Kalona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalona 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. Understanding how Kalona's effective property tax rate compares to other areas in Johnson County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kalona Tax Rate
1.15%
Average Johnson County Tax Rate
1.71%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | 1.03% | 1.08% | 1.15% | 1.21% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Kalona, Iowa
In Kalona, 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 Johnson 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 Kalona, 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 Kalona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,074, found in the 52247 zip code, which also has the lowest median tax bill at the same value.
Average Kalona Assessed Value
$264,100
Average Johnson County Assessed Value
$229,790
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | $87,940 | $180,450 | $264,100 | $353,100 | $445,420 |
Source: Ownwell
Property Tax Bills Across Kalona, Iowa
In Kalona, Johnson County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the tax bill. For instance, the median home price in Kalona is $264,100. The property tax rate in Johnson County is used to calculate the tax bill, which can vary significantly. Factors such as the home's location, size, and condition play a crucial role in determining its assessed value. Homeowners in Kalona can expect their tax bills to fall within a range, with the 25th percentile tax bill at approximately $2,211, while the 75th percentile tax bill reaches around $4,078. For those in the higher bracket, the 90th percentile tax bill can be as much as $5,204. Compared to the national median property tax rate of 0.99%, Kalona's property tax rate can impact homeowners differently, depending on their property's assessed value and the local tax rate applied.
Average Kalona Tax Bill
$3,074
Average Johnson County Tax Bill
$3,786
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalona, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52247 | $1,485 | $2,211 | $3,074 | $4,078 | $5,204 |
Source: Ownwell