Northboro, Page County, Iowa Property Taxes
The median property tax rate in Northboro, IA is 1.29%, 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 $60,170 in Northboro, the typical annual property tax bill reaches $736, which is significantly below the national median of $2,690. Property taxes in Northboro are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Northboro'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 Northboro 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
Northboro, Page County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$776
$720
Ownwell’s Northboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northboro 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 Northboro, Page County, Iowa
Property taxes in Northboro, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northboro is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Northboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northboro 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 Northboro's effective property tax rate to other areas in Iowa and the national median. For comparison, the 51647 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Northboro 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 Northboro Tax Rate
1.29%
Average Page County Tax Rate
1.56%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northboro, Page County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51647 | 0.98% | 1.20% | 1.29% | 1.57% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Northboro, Page County, Iowa
In Northboro, 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 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 Northboro, 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 Northboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Northboro is $60,170, with the highest median tax bill being $736 in the 51647 zip code.
Property Tax Assessment Values Across Northboro, Page County, Iowa
Source: Ownwell
$20,640
$103,590
$186,540
Average Northboro Assessed Value
$60,170
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 Northboro, Page County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51647 | $6,085 | $24,115 | $60,170 | $128,118 | $191,933 |
Source: Ownwell
Property Tax Bills Across Northboro, Page County, Iowa
In Northboro, IA, property tax bills are calculated based on the assessed value of the 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 property tax bill. The tax rate in Northboro is influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Northboro experience a range of property tax bills. For instance, the 25th percentile tax bill is $270, while the 75th percentile reaches $1,588. At the 90th percentile, the tax bill can be as high as $2,361. These variations reflect differences in property values and the specific needs of different neighborhoods within the city. Compared to the national median property tax rate of 0.99%, Northboro's property taxes can be considered relatively moderate. However, the impact on homeowners can vary significantly depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Northboro Tax Bill
$736
Average Page County Tax Bill
$1,497
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Northboro, Page County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51647 | $101 | $270 | $736 | $1,588 | $2,361 |
Source: Ownwell