Maurice, Iowa Property Taxes
The median property tax rate in Maurice, IA is 0.83%, which is significantly lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Maurice at $329,490, the typical annual property tax bill amounts to $2,740, just below the national median of $2,690. Property taxes in Maurice are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Maurice's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maurice or another part of Plymouth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maurice, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,735
Ownwell’s Maurice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maurice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maurice 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 Maurice, Iowa
Property taxes in Maurice, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maurice is 0.83%, lower than the U.S. national median of 0.99%. Local government entities within Maurice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maurice 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 Maurice's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51036 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Maurice 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 Maurice Tax Rate
0.83%
Average Plymouth County Tax Rate
1.13%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Maurice, Iowa
In Maurice, 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 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 Maurice, 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 Maurice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 51036 in Maurice has the highest and lowest median tax bill, both at $2,740.
Average Maurice Assessed Value
$329,490
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 Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | $329,490 | $329,490 | $329,490 | $329,490 | $329,490 |
Source: Ownwell
Property Tax Bills Across Maurice, Iowa
In Maurice, located in Plymouth County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Maurice is $329,490. Homeowners can expect their property tax bills to be around $2,740 annually, which falls in the 25th, 75th, and 90th percentiles for the area. This consistency indicates that most residents pay a similar amount in property taxes, regardless of slight variations in property values. The assessed value is influenced by various factors, including the property's market value, improvements, and any applicable exemptions. These factors collectively determine the final tax bill. Compared to the national median property tax rate of 0.99%, Maurice’s property tax rate is relatively stable, providing homeowners with predictable annual expenses. This predictability can significantly impact homeowners' financial planning, making it easier to budget for property-related costs.
Average Maurice Tax Bill
$2,740
Average Plymouth County Tax Bill
$2,246
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Maurice, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51036 | $2,740 | $2,740 | $2,740 | $2,740 | $2,740 |
Source: Ownwell