Cedar, Mahaska County, Iowa Property Taxes
The median property tax rate in Cedar, IA is 1.05%, slightly above the national median of 0.99% but below the Iowa state median of 1.54%. With the median home value in Cedar, the typical annual property tax bill reaches $1,924, which is lower than the national median of $2,690. Property taxes in Cedar 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 Cedar'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 Cedar 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
Cedar, Mahaska County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,719
$1,595
Ownwell’s CEDAR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CEDAR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CEDAR 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 Cedar, Mahaska County, Iowa
Property taxes in Cedar, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar is 1.38%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Cedar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar 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 Cedar's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52227 zip code has the highest median property tax rate of 1.38%, while the 52227 zip code has the lowest median tax rate of 1.38%. Understanding how these cities compare with Cedar provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Tax Rate
1.05%
Average Mahaska County Tax Rate
1.54%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar, Mahaska County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52543 | 0.89% | 0.98% | 1.05% | 1.19% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Cedar, Mahaska County, Iowa
In Cedar, 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 Cedar 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 Cedar, 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 Cedar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 52543, with a median tax bill of $1,924.
Property Tax Assessment Values Across Cedar, Mahaska County, Iowa
Source: Ownwell
$45,450
$141,200
$236,950
Average Cedar Assessed Value
$163,730
Average Mahaska County Assessed Value
$125,860
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar, Mahaska County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52543 | $54,426 | $92,130 | $163,730 | $260,130 | $348,618 |
Source: Ownwell
Property Tax Bills Across Cedar, Mahaska County, Iowa
In Cedar, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $163,730, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rates applied. Factors such as property location, improvements, and market conditions can significantly influence the assessed value. In Cedar, the property tax bill ranges widely, with the 25th percentile at $985 and the 75th percentile reaching $2,826. The top 10% of homeowners face even higher bills, with the 90th percentile at $3,628. Comparatively, Cedar's property tax rates can be higher than the national median property tax rate of 0.99%, affecting homeowners by increasing their annual financial obligations. This variability underscores the importance of understanding how local assessments and tax rates impact overall property tax bills.
Average Cedar Tax Bill
$1,924
Average Mahaska County Tax Bill
$1,886
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar, Mahaska County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52543 | $566 | $985 | $1,924 | $2,826 | $3,628 |
Source: Ownwell