Pleasantville, Marion County, Iowa Property Taxes
The median property tax rate in Pleasantville, IA is 1.42%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Pleasantville at $187,050, the typical annual property tax bill is $2,680, slightly below the national median of $2,690. Property taxes in Pleasantville are based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Pleasantville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Pleasantville or another part of Marion County, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasantville, Marion County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$2,656
$2,465
Ownwell’s Pleasantville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasantville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasantville 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 Marion County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pleasantville, Marion County, Iowa
Property taxes in Pleasantville, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasantville is 1.42%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Pleasantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasantville 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 Pleasantville's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50225 zip code has the highest median property tax rate of 1.42%, while the 50225 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Pleasantville provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasantville Tax Rate
1.42%
Average Marion County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasantville, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50225 | 1.04% | 1.14% | 1.42% | 1.62% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Pleasantville, Marion County, Iowa
In Pleasantville, 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 Marion 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 Pleasantville, 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. The zip code with the highest median tax bill is 50225, standing at $2,680. By being aware of these valuation processes in Pleasantville, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pleasantville, Marion County, Iowa
Source: Ownwell
$49,925
$161,023
$272,120
Average Pleasantville Assessed Value
$187,050
Average Marion County Assessed Value
$185,955
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasantville, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50225 | $61,662 | $124,660 | $187,050 | $273,160 | $369,430 |
Source: Ownwell
Property Tax Bills Across Pleasantville, Marion County, Iowa
In Pleasantville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the property tax rate set by Marion County to determine the annual tax bill. Several factors influence the assessed value, including recent sales of similar properties, improvements made to the property, and changes in the local real estate market. For homeowners in Pleasantville, the tax bill can vary significantly. For example, the 25th percentile tax bill is around $1,718, while those at the 75th percentile pay approximately $3,674. At the higher end, the 90th percentile tax bill reaches $4,651. These tax bills provide essential revenue for local services such as schools, public safety, and infrastructure. However, they also represent a significant financial consideration for homeowners, impacting their overall cost of living in Pleasantville.
Average Pleasantville Tax Bill
$2,680
Average Marion County Tax Bill
$2,660
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasantville, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50225 | $850 | $1,718 | $2,680 | $3,674 | $4,651 |
Source: Ownwell