Curlew, Iowa Property Taxes
The median property tax rate in Curlew, IA is 1.01%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Curlew at $111,370, the typical annual property tax bill reaches $1,203, which is below the national median of $2,690. Property taxes in Curlew are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Curlew'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 Curlew 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
Curlew, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,125
$1,044
Ownwell’s Curlew Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Curlew with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Curlew 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 Curlew, Iowa
Property taxes in Curlew, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Curlew is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Curlew set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curlew 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 Curlew's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50527 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Curlew provides valuable insights into the varying tax landscape across Palo Alto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Curlew Tax Rate
1.01%
Average Palo Alto County Tax Rate
1.26%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curlew, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50527 | 0.69% | 0.81% | 1.01% | 1.20% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Curlew, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Curlew, Iowa. 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 Palo Alto 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 Curlew, 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 Curlew is $111,370. The 25th percentile tax bill is $294, while the 75th percentile tax bill is $1,911. The highest and lowest median tax bills are both $1,203 in the 50527 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Curlew Assessed Value
$111,370
Average Palo Alto County Assessed Value
$111,265
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Curlew, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50527 | $12,066 | $31,230 | $111,370 | $191,330 | $247,406 |
Source: Ownwell
Property Tax Bills Across Curlew, Iowa
In Curlew, Palo Alto County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For homeowners in Curlew, the median home price stands at $111,370. The property tax rate in Curlew is reflective of local government funding needs and is compared to the national median property tax rate of 0.99%. Homeowners in Curlew can expect their property tax bills to vary significantly, with the 25th percentile paying around $294, while those in the 75th percentile are paying up to $1,911. The highest median tax bill in the area is $1,203, indicating a range of tax liabilities depending on the specific property and its assessed value. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, thereby directly impacting the quality of life for Curlew residents.
Average Curlew Tax Bill
$1,203
Average Palo Alto County Tax Bill
$1,364
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Curlew, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50527 | $144 | $294 | $1,203 | $1,911 | $2,385 |
Source: Ownwell