Coggon, Iowa Property Taxes
The median property tax rate in Coggon, IA is 1.08%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Coggon at $218,130, the typical annual property tax bill reaches $2,362, which is below the national median of $2,690. Property taxes in Coggon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coggon'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 Coggon 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
Coggon, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,356
Ownwell’s Coggon Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Coggon with just two key data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Coggon to provide an estimate of your property tax bill. This insightful tool helps you comprehend potential tax liabilities. For those interested in trends at a neighborhood level, additional localized information is available by scrolling down. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Coggon, Iowa
Property taxes in Coggon, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coggon is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Coggon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coggon 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 Coggon's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52218 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Coggon 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 Coggon Tax Rate
1.08%
Average Jones County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coggon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52218 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Coggon, Iowa
In Coggon, 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 Coggon, 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 Coggon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,362, found in the zip code 52218.
Average Coggon Assessed Value
$218,130
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 Coggon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52218 | $218,130 | $218,130 | $218,130 | $218,130 | $218,130 |
Source: Ownwell
Property Tax Bills Across Coggon, Iowa
In Coggon, located in Jones County, IA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors who evaluate the property's market value and then apply an assessment ratio. Once the assessed value is established, the local tax rate, which is set by various taxing authorities such as the county, city, and school districts, is applied to this value to calculate the annual tax bill. For homeowners in Coggon, the median home price is $218,130, and the median property tax bill is consistently $2,362, as seen across various percentiles. This uniformity suggests a stable tax environment. Compared to the national median property tax rate of 0.99%, Coggon's effective tax rate is relatively high, impacting homeowners by increasing their annual financial obligations. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly affecting the community's quality of life.
Average Coggon Tax Bill
$2,362
Average Jones County Tax Bill
$2,222
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Coggon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52218 | $2,362 | $2,362 | $2,362 | $2,362 | $2,362 |
Source: Ownwell