Taintor, Iowa Property Taxes
The median property tax rate in Taintor, IA is 1.07%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $45,450 in Taintor, the typical annual property tax bill amounts to $476, significantly below the national median of $2,690. Property taxes in Taintor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Taintor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Taintor or another part of Mahaska County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taintor, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$486
Ownwell’s Taintor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taintor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taintor 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 Mahaska County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Taintor, Iowa
Property taxes in Taintor, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Taintor is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Taintor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taintor 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 Taintor's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50207 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Taintor provides valuable insights into the varying tax landscape across Mahaska County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taintor Tax Rate
1.07%
Average Mahaska County Tax Rate
1.54%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taintor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50207 | 0.99% | 1.01% | 1.07% | 1.23% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Taintor, Iowa
In Taintor, 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 Mahaska County 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 Taintor, 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 Taintor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Taintor is $45,450, with the highest median tax bill recorded at $476 in zip code 50207.
Average Taintor Assessed Value
$45,450
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 Taintor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50207 | $6,050 | $10,990 | $45,450 | $53,870 | $116,980 |
Source: Ownwell
Property Tax Bills Across Taintor, Iowa
In Taintor, located in Mahaska County, IA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For instance, with a median home price of $45,450, homeowners can expect varying tax bills depending on specific factors such as property location and local levies. Homeowners in Taintor may see tax bills ranging from the 25th percentile at $174 to the 75th percentile at $608, with the 90th percentile reaching up to $1,373. These figures highlight the variability in property tax obligations within the area. Comparatively, the highest and lowest median tax bills in the region both stand at $476 in the zip code 50207. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Taintor Tax Bill
$476
Average Mahaska County Tax Bill
$1,886
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Taintor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50207 | $68 | $174 | $476 | $608 | $1,373 |
Source: Ownwell