Anamosa, Iowa Property Taxes
The median property tax rate in Anamosa, IA is 1.55%, slightly higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Anamosa at $180,380, the typical annual property tax bill reaches $2,644, just below the national median of $2,690. Property taxes in Anamosa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anamosa'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 Anamosa 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
Anamosa, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$2,796
Ownwell’s Anamosa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anamosa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anamosa 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 Anamosa, Iowa
Property taxes in Anamosa, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anamosa is 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Anamosa set these rates annually, and they can vary across different neighborhoods. Each year, Anamosa 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 Anamosa's effective property tax rate to other areas in Jones County and the national median. For comparison, the 52205 zip code has the highest median property tax rate of 1.55%, while also being the lowest median tax rate of 1.55%. Understanding how these cities compare with Anamosa provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anamosa Tax Rate
1.55%
Average Jones County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anamosa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | 1.07% | 1.13% | 1.55% | 1.74% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Anamosa, Iowa
In Anamosa, 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 Jones 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 Anamosa, 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 Anamosa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Anamosa stands at $180,380, with tax bills ranging from $1,698 at the 25th percentile to $5,344 at the 90th percentile. The zip code 52205 exhibits the highest and lowest median tax bill at $2,644.
Average Anamosa Assessed Value
$180,380
Average Jones County Assessed Value
$156,350
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anamosa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | $58,461 | $110,132 | $180,380 | $295,900 | $426,484 |
Source: Ownwell
Property Tax Bills Across Anamosa, Iowa
In Anamosa, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office in Jones County. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's market value, improvements made, and comparable property values in the area. Homeowners in Anamosa can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $1,698, while the 75th percentile tax bill reaches up to $3,985. At the 90th percentile, homeowners might pay as much as $5,344 annually. The highest median tax bill in the region is $2,644, which is above the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated can help homeowners better manage their financial planning and property investments.
Average Anamosa Tax Bill
$2,644
Average Jones County Tax Bill
$2,222
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Anamosa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | $850 | $1,698 | $2,644 | $3,985 | $5,344 |
Source: Ownwell