Argyle, Iowa Property Taxes
The median property tax rate in Argyle, Iowa is 1.16%, which is considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $115,700 in Argyle, the typical annual property tax bill reaches $1,222, which is below the national median of $2,690. Property taxes in Argyle 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 Argyle'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 Argyle 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
Argyle, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,342
Ownwell’s Argyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Argyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Argyle 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 Argyle, Iowa
Property taxes in Argyle, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Argyle is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Argyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Argyle 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 Argyle's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52619 zip code has both the highest and lowest median property tax rate of 1.16%. Understanding how these cities compare with Argyle provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Argyle Tax Rate
1.16%
Average Lee County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Argyle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52619 | 0.79% | 1.01% | 1.16% | 1.28% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Argyle, Iowa
In Argyle, 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 local 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 Argyle, 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. The median home price in Argyle is $115,700, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $530, while the 75th percentile reaches $2,174, and the 90th percentile hits $3,352. The zip code with the highest median tax bill is 52619, where the median tax bill is $1,222, the same as the lowest median tax bill in the same zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Argyle Assessed Value
$115,700
Average Lee County Assessed Value
$99,640
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Argyle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52619 | $14,480 | $54,760 | $115,700 | $199,160 | $287,290 |
Source: Ownwell
Property Tax Bills Across Argyle, Iowa
In Argyle, located in Lee County, IA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Argyle stands at $115,700. Homeowners can expect their property tax bill to range significantly based on their property's assessed value and the specific tax rate applied by local authorities. For instance, tax bills in the 25th percentile are around $530, while those in the 75th percentile reach approximately $2,174. At the higher end, the 90th percentile tax bill is about $3,352. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Argyle might find their tax rates and resulting bills to be relatively moderate or higher depending on their specific circumstances. Understanding these elements helps homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Argyle Tax Bill
$1,222
Average Lee County Tax Bill
$1,604
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Argyle, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52619 | $150 | $530 | $1,222 | $2,174 | $3,352 |
Source: Ownwell