Anamosa, Linn County, Iowa Property Taxes
The median property tax rate in Anamosa, IA is 1.53%, slightly lower than the state median of 1.54% but significantly higher than the national median of 0.99%. With the median home value in Anamosa at $202,800, the typical annual property tax bill reaches $3,097, surpassing 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, Linn County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$3,103
$2,879
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, Linn County, Iowa
Property taxes in Anamosa, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anamosa is 1.53%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Anamosa set these rates annually, and they can vary significantly 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 counties in Iowa and the national median. For comparison, the zip code 52205 has the highest median property tax rate of 1.53%, while the lowest median tax rate is also 1.53%. Understanding how these cities compare with Anamosa provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anamosa Tax Rate
1.53%
Average Linn County Tax Rate
1.84%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anamosa, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | 1.40% | 1.46% | 1.53% | 1.68% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Anamosa, Linn County, 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 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 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 zip code with the highest and lowest median tax bill in Anamosa is 52205, with a median tax bill of $3,097.
Property Tax Assessment Values Across Anamosa, Linn County, Iowa
Source: Ownwell
$80,400
$218,200
$356,000
Average Anamosa Assessed Value
$202,800
Average Linn County Assessed Value
$173,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anamosa, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | $105,220 | $139,200 | $202,800 | $278,850 | $341,460 |
Source: Ownwell
Property Tax Bills Across Anamosa, Linn County, Iowa
Property tax bills in Anamosa, located in Linn County, IA, are determined by assessing the market value of a property and applying the local tax rate to this assessed value. The median home price in Anamosa is $202,800, which serves as a baseline for calculating property taxes. The local tax rate, when applied to this median home price, results in varying tax bills across different percentiles. For instance, the tax bill at the 25th percentile is $2,337, while at the 75th percentile, it rises to $4,310. Homeowners in the 90th percentile face even higher tax bills, reaching up to $5,612. These tax bills are influenced by factors such as property location, size, and local government services. Comparatively, Anamosa's property tax rates are higher than the national median property tax rate of 0.99%. This higher tax burden can affect homeowners by increasing their annual expenses, impacting affordability and potentially influencing property values in the region.
Average Anamosa Tax Bill
$3,097
Average Linn County Tax Bill
$3,328
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Anamosa, Linn County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52205 | $1,731 | $2,337 | $3,097 | $4,310 | $5,612 |
Source: Ownwell