Stanton, Iowa Property Taxes
The median property tax rate in Stanton, IA is 1.34%, 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 $129,270 in Stanton, the typical annual property tax bill amounts to $1,717, which is below the national median of $2,690. Property taxes in Stanton are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Stanton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you reside in the heart of Stanton or another part of Montgomery County, having a firm grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,732
Ownwell’s Stanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton 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 Stanton, Iowa
Property taxes in Stanton, Iowa, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 1.51%, significantly higher than both the Iowa state median of 1.43% and the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51573 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Stanton provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
1.34%
Average Montgomery County Tax Rate
1.71%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51573 | 1.00% | 1.12% | 1.34% | 1.49% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stanton, IA. 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 Montgomery 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 Stanton, 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. For instance, Stanton has a median home price of $129,270, with tax bills ranging from $1,078 at the 25th percentile to $3,909 at the 90th percentile. 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanton Assessed Value
$129,270
Average Montgomery County Assessed Value
$96,860
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51573 | $29,900 | $78,420 | $129,270 | $198,000 | $295,200 |
Source: Ownwell
Property Tax Bills Across Stanton, Iowa
In Stanton, 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 then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For instance, the median home price in Stanton is $129,270, and the property tax rate in Montgomery County is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Stanton can expect a wide range of annual tax bills. The 25th percentile tax bill is around $1,078, while the 75th percentile tax bill reaches up to $2,600. At the 90th percentile, tax bills can soar to $3,909. These variations significantly impact homeowners, as higher property taxes can affect housing affordability and overall living costs. Understanding these factors is crucial for homeowners to budget effectively and anticipate their financial obligations.
Average Stanton Tax Bill
$1,717
Average Montgomery County Tax Bill
$1,611
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51573 | $628 | $1,078 | $1,717 | $2,600 | $3,909 |
Source: Ownwell