Saint Ansgar, Mitchell County, Iowa Property Taxes
The median property tax rate in Saint Ansgar, IA is 1.20%, 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 $171,950, the typical annual property tax bill in Saint Ansgar amounts to $2,052, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Saint Ansgar's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Saint Ansgar or another part of Mitchell County, a thorough grasp of the local property tax system is essential for financial planning and investment.
Last Updated June 14, 2024
Saint Ansgar, Mitchell County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,063
$1,915
Ownwell’s Saint Ansgar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Ansgar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Ansgar 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 Ansgar, Mitchell County, Iowa
Property taxes in Saint Ansgar, Iowa, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Ansgar is 1.29%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Saint Ansgar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Ansgar 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 Ansgar's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50472 zip code has the highest median property tax rate of 1.29%, while the same 50472 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Saint Ansgar provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Ansgar Tax Rate
1.20%
Average Mitchell County Tax Rate
1.25%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Ansgar, Mitchell County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50472 | 0.98% | 1.07% | 1.20% | 1.34% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Saint Ansgar, Mitchell County, Iowa
In Saint Ansgar, 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 Mitchell 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 Saint Ansgar, 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 Saint Ansgar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,052, found in zip code 50472.
Property Tax Assessment Values Across Saint Ansgar, Mitchell County, Iowa
Source: Ownwell
$60,730
$195,478
$330,225
Average Saint Ansgar Assessed Value
$171,950
Average Mitchell County Assessed Value
$146,070
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Ansgar, Mitchell County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50472 | $46,770 | $99,520 | $171,950 | $264,085 | $377,360 |
Source: Ownwell
Property Tax Bills Across Saint Ansgar, Mitchell County, Iowa
In Saint Ansgar, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value typically reflects a percentage of the property's market value. Various factors influence this calculation, including property size, location, and any improvements made. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Saint Ansgar, the median home price stands at $171,950. Property tax bills can vary significantly, with the 25th percentile tax bill being $1,204 and the 75th percentile tax bill reaching $3,104. The 90th percentile tax bill can go as high as $4,622. Comparatively, the national median property tax rate is 0.99%, making Saint Ansgar's property tax rates relatively moderate. These taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents. Understanding how these taxes are calculated can help homeowners better manage their expenses and plan for the future.
Average Saint Ansgar Tax Bill
$2,052
Average Mitchell County Tax Bill
$1,776
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Ansgar, Mitchell County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50472 | $611 | $1,204 | $2,052 | $3,104 | $4,622 |
Source: Ownwell