Imogene, Iowa Property Taxes
The median property tax rate in Imogene, IA is 1.21%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Imogene, the typical annual property tax bill reaches $1,658, falling below the national median of $2,690. Property taxes in Imogene are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Imogene'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 Imogene or another part of Page County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imogene, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,933
Ownwell’s Imogene Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Imogene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imogene 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 Imogene, Iowa
Property taxes in Imogene, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imogene is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Imogene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imogene 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 Imogene's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 51645 has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Imogene provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imogene Tax Rate
1.21%
Average Page County Tax Rate
1.56%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | 1.06% | 1.13% | 1.21% | 1.23% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Imogene, Iowa
In Imogene, 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 Page 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 Imogene, 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. For instance, the median home price in Imogene is $159,750, with the 25th percentile tax bill at $1,264 and the 75th percentile at $2,279. Being aware of these valuation processes in Imogene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Imogene Assessed Value
$159,750
Average Page County Assessed Value
$100,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | $69,820 | $114,425 | $159,750 | $186,540 | $205,574 |
Source: Ownwell
Property Tax Bills Across Imogene, Iowa
In Imogene, located in Page County, IA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $159,750, homeowners can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $1,264, while at the 75th percentile, it rises to approximately $2,279, and at the 90th percentile, it can reach up to $2,604. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Imogene can have a noticeable impact on homeowners' finances. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Imogene Tax Bill
$1,658
Average Page County Tax Bill
$1,497
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Imogene, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51645 | $792 | $1,264 | $1,658 | $2,279 | $2,604 |
Source: Ownwell