Saint Anthony, Marshall County, Iowa Property Taxes
The median property tax rate in Saint Anthony, IA is 1.29%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Saint Anthony at $55,015, the typical annual property tax bill reaches $774, well below the national median of $2,690. Property taxes in Saint Anthony are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Anthony'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 Saint Anthony 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
Saint Anthony, Marshall County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$710
$659
Ownwell’s Saint Anthony Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Anthony with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Anthony 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 Saint Anthony, Marshall County, Iowa
Property taxes in Saint Anthony, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Anthony stands at 1.29%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Saint Anthony set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Anthony 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 Saint Anthony's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50239 has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Saint Anthony 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 Saint Anthony Tax Rate
1.29%
Average Marshall County Tax Rate
1.58%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Anthony, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | 0.77% | 0.95% | 1.29% | 1.64% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Saint Anthony, Marshall County, Iowa
In Saint Anthony, 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 Marshall County Assessor’s Office 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 Saint Anthony, 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 highest median tax bill in the area is $774 in zip code 50239, while the lowest median tax bill is also $774 in the same zip code. Being aware of these valuation processes in Saint Anthony helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Anthony, Marshall County, Iowa
Source: Ownwell
$31,865
$126,573
$221,280
Average Saint Anthony Assessed Value
$55,015
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 Saint Anthony, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | $4,815 | $12,368 | $55,015 | $167,992 | $241,368 |
Source: Ownwell
Property Tax Bills Across Saint Anthony, Marshall County, Iowa
In Saint Anthony, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined through periodic evaluations by the county assessor. Factors such as property size, location, and improvements play a role in determining the market value. The median home price in Saint Anthony is $55,015, which helps set the baseline for assessed values. Homeowners in Saint Anthony experience a range of tax bills. For instance, the 25th percentile tax bill is $236, while the 75th percentile tax bill is $1,760. At the higher end, the 90th percentile tax bill reaches $2,755. These variations illustrate how different property values and assessments impact the final tax obligation. Comparatively, the highest and lowest median tax bills in the area are both $774 in the zip code 50239. Understanding these factors helps homeowners anticipate their annual property tax expenses and manage their finances accordingly.
Average Saint Anthony Tax Bill
$774
Average Marshall County Tax Bill
$1,909
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Anthony, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50239 | $84 | $236 | $774 | $1,760 | $2,755 |
Source: Ownwell