Saint Paul, Iowa Property Taxes
The median property tax rate in Saint Paul, IA is 1.05%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $134,050, the typical annual property tax bill in Saint Paul reaches $1,498, which is below the national median of $2,690. Property taxes in Saint Paul are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Saint Paul'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 Saint Paul 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
Saint Paul, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,408
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Saint Paul, Iowa
Property taxes in Saint Paul, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 1.05%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Saint Paul's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52657 zip code has the highest median property tax rate of 1.05%, while the 52657 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Saint Paul 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 Saint Paul Tax Rate
1.05%
Average Lee County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52657 | 0.97% | 1.03% | 1.05% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Iowa
In Saint Paul, 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 Lee 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 Saint Paul, 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 Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lee County, the highest median tax bill is found in the 52657 zip code at $1,498, while the lowest is also in the 52657 zip code at $1,498. This indicates a uniformity in the median tax bills across the area.
Average Saint Paul Assessed Value
$134,050
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 Saint Paul, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52657 | $42,872 | $78,820 | $134,050 | $190,560 | $249,112 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Iowa
In Saint Paul, Lee County, IA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. For homeowners in Saint Paul, the median home price is $134,050. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in the 25th percentile can expect a tax bill around $792, while those in the 75th percentile may see bills up to $2,021. For those in the 90th percentile, tax bills can reach as high as $2,672. Comparatively, the national median property tax rate is 0.99%, which helps to put these figures into perspective for Saint Paul residents. Understanding these factors is crucial for homeowners as property taxes significantly impact annual household expenses.
Average Saint Paul Tax Bill
$1,498
Average Lee County Tax Bill
$1,604
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52657 | $436 | $792 | $1,498 | $2,021 | $2,672 |
Source: Ownwell