Green Mountain, Marshall County, Iowa Property Taxes
The median property tax rate in Green Mountain, IA is 1.32%, which is significantly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $64,900 in Green Mountain, the typical annual property tax bill is around $818, well below the national median of $2,690. Property taxes in Green Mountain are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Green Mountain's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Green Mountain or investing in property, a thorough grasp of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Green Mountain, Marshall County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$857
$795
Ownwell’s Green Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Mountain 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 Green Mountain, Marshall County, Iowa
Property taxes in Green Mountain, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Mountain is 1.32%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Green Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Mountain 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 Green Mountain's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50632 zip code has the highest median property tax rate of 1.32%, while the 50632 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Green Mountain provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Mountain Tax Rate
1.32%
Average Marshall County Tax Rate
1.58%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Mountain, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50632 | 0.89% | 1.11% | 1.32% | 1.42% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Green Mountain, Marshall County, Iowa
In Green Mountain, 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 county 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 Green Mountain, 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 Green Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Green Mountain is $64,900. The median property tax bill ranges from $676 at the 25th percentile to $1,604 at the 90th percentile. The zip code with the highest and lowest median tax bill is 50632, both at $818.
Property Tax Assessment Values Across Green Mountain, Marshall County, Iowa
Source: Ownwell
$31,865
$126,573
$221,280
Average Green Mountain Assessed Value
$64,900
Average Marshall County Assessed Value
$128,210
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Mountain, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50632 | $21,576 | $48,820 | $64,900 | $78,310 | $110,626 |
Source: Ownwell
Property Tax Bills Across Green Mountain, Marshall County, Iowa
In Green Mountain, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Green Mountain, the median home price is $64,900, and the property tax rates can vary significantly. The 25th percentile tax bill is $676, while the 75th percentile tax bill is $960. For those at the 90th percentile, the tax bill can go up to $1,604. These figures are influenced by various factors, including the home's market value, local government budgets, and specific levies for schools or infrastructure. Compared to the national median property tax rate of 0.99%, Green Mountain's property tax rates can be considered moderate. Homeowners should be aware that these taxes fund essential services such as public schools, emergency services, and road maintenance, directly impacting the community's quality of life.
Average Green Mountain Tax Bill
$818
Average Marshall County Tax Bill
$1,909
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Mountain, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50632 | $248 | $676 | $818 | $960 | $1,604 |
Source: Ownwell