Pocahontas, Iowa Property Taxes
The median property tax rate in Pocahontas, IA is 1.44%, 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 $89,987, the typical annual property tax bill in Pocahontas reaches $1,168, below the national median of $2,690. Property taxes in Pocahontas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pocahontas' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pocahontas 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
Pocahontas, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,296
Ownwell’s Pocahontas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocahontas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocahontas 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 Pocahontas, Iowa
Property taxes in Pocahontas, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocahontas is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pocahontas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocahontas 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 Pocahontas's effective property tax rate to the national median. For comparison, the highest and lowest median property tax rates in Pocahontas are both 1.44%, showing uniformity within the county. Understanding how these figures compare with other regions 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 Pocahontas Tax Rate
1.44%
Average Pocahontas County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocahontas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50574 | 0.84% | 1.24% | 1.44% | 1.58% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Pocahontas, Iowa
In Pocahontas, 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 local 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 Pocahontas, 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 example, the median home price in Pocahontas is $89,987 with a 25th percentile tax bill of $693 and a 75th percentile tax bill of $1,828. The highest and lowest median tax bills are both $1,168 in the 50574 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 Pocahontas Assessed Value
$89,987
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 Pocahontas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50574 | $25,403 | $52,680 | $89,987 | $144,202 | $212,354 |
Source: Ownwell
Property Tax Bills Across Pocahontas, Iowa
In Pocahontas, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $89,987, which serves as a baseline for calculating property taxes. The tax rate is applied to this assessed value to determine the tax bill. Factors such as the home's size, location, and condition, as well as any applicable exemptions, influence the assessed value. For homeowners, this means that properties with higher assessed values will result in higher tax bills. For instance, the 25th percentile tax bill is $693, while the 75th percentile tax bill is $1,828, indicating a significant range based on property value and other factors. The highest median tax bill in the area is $1,168. Compared to the national median property tax rate of 0.99%, the tax bills in Pocahontas reflect the local economic conditions and property values. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Pocahontas Tax Bill
$1,168
Average Pocahontas County Tax Bill
$919
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocahontas, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50574 | $335 | $693 | $1,168 | $1,828 | $2,891 |
Source: Ownwell