Mallard, Iowa Property Taxes
The median property tax rate in Mallard, IA is 0.89%, which is lower than both the national median of 0.99% and Iowa's state median of 1.54%. With a median home value of $165,652 in Mallard, the typical annual property tax bill amounts to $1,656, falling below the national median of $2,690. Property taxes in Mallard are determined 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 Mallard's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Mallard or another part of Pocahontas County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mallard, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,474
Ownwell’s Mallard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mallard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mallard 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 Mallard, Iowa
Property taxes in Mallard, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mallard is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Mallard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mallard 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 Mallard's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50562 zip code has a median property tax rate of 0.89%, which is the same as Mallard's median tax rate. Understanding how these cities compare with Mallard provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mallard Tax Rate
0.89%
Average Pocahontas County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mallard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50562 | 0.83% | 0.86% | 0.89% | 0.99% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Mallard, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mallard, 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 Pocahontas 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 Mallard, 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. The median home price in Mallard is $165,652, with property tax bills ranging from $1,108 at the 25th percentile to $2,199 at the 75th percentile. The highest median tax bill in Mallard is $1,656, found in the 50562 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mallard Assessed Value
$165,652
Average Pocahontas County Assessed Value
$72,338
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mallard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50562 | $89,002 | $129,183 | $165,652 | $213,272 | $231,246 |
Source: Ownwell
Property Tax Bills Across Mallard, Iowa
In Mallard, Pocahontas County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. This assessed value is determined by the county assessor and reflects a percentage of the property's market value. For example, the median home price in Mallard is $165,652. Property tax rates vary, and the national median property tax rate is 0.99%. However, local rates can differ, impacting the final tax bill significantly. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Mallard can expect their tax bills to fall within a range, with the 25th percentile at $1,108 and the 75th percentile at $2,199. The 90th percentile tax bill reaches up to $2,318. These taxes fund essential community services like schools, infrastructure, and emergency services. Understanding how these elements interact helps homeowners anticipate their financial obligations and plan accordingly.
Average Mallard Tax Bill
$1,656
Average Pocahontas County Tax Bill
$919
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mallard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50562 | $773 | $1,108 | $1,656 | $2,199 | $2,318 |
Source: Ownwell