Kingsley, Plymouth County, Iowa Property Taxes
The median property tax rate in Kingsley, IA is 1.17%, 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 $153,180 in Kingsley, the typical annual property tax bill reaches $1,811, falling below the national median of $2,690. Property taxes in Kingsley are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Kingsley'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 Kingsley 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
Kingsley, Plymouth County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,792
$1,663
Ownwell’s Kingsley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsley 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 Kingsley, Plymouth County, Iowa
Property taxes in Kingsley, IA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsley is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Kingsley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsley 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. Understanding how these cities compare with Kingsley provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsley Tax Rate
1.17%
Average Plymouth County Tax Rate
1.13%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsley, Plymouth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | 0.83% | 1.01% | 1.17% | 1.24% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Kingsley, Plymouth County, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingsley, 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 Plymouth 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 Kingsley, 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. The median home price in Kingsley is $153,180, with the 25th percentile tax bill at $1,219 and the 75th percentile tax bill at $2,789. The highest and lowest median tax bills are both $1,811, found in the 51028 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kingsley, Plymouth County, Iowa
Source: Ownwell
$124,210
$242,833
$361,455
Average Kingsley Assessed Value
$153,180
Average Plymouth County Assessed Value
$198,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsley, Plymouth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | $25,350 | $92,630 | $153,180 | $250,120 | $355,088 |
Source: Ownwell
Property Tax Bills Across Kingsley, Plymouth County, Iowa
In Kingsley, located in Plymouth County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Kingsley is $153,180. Homeowners in this area can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,219, while the 75th percentile tax bill reaches $2,789. At the 90th percentile, homeowners might see bills as high as $3,978. Factors influencing these tax bills include the assessed value of the property, which is determined by local assessors, and the specific tax rate set by local government entities. These rates fund essential services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Kingsley experience a range of tax obligations, reflecting the variability in property values and local tax policies. This system ensures that property taxes are proportionate to the value of the real estate, impacting homeowners' annual financial planning.
Average Kingsley Tax Bill
$1,811
Average Plymouth County Tax Bill
$2,246
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsley, Plymouth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | $767 | $1,219 | $1,811 | $2,789 | $3,978 |
Source: Ownwell