Rolfe, Iowa Property Taxes
The median property tax rate in Rolfe, IA is 1.40%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Rolfe at $37,930, the typical annual property tax bill is $533, falling below the national median of $2,690. Property taxes in Rolfe are calculated based on the assessed value, which often comes in lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rolfe'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 Rolfe 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
Rolfe, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$531
Ownwell’s Rolfe Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Rolfe using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolfe to estimate your property tax bill. This useful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Pocahontas County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Rolfe, Iowa
Property taxes in Rolfe, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolfe is 1.40%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Rolfe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolfe 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 Rolfe's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50581 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Rolfe 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 Rolfe Tax Rate
1.40%
Average Pocahontas County Tax Rate
1.38%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolfe, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50581 | 0.71% | 0.89% | 1.40% | 1.79% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Rolfe, Iowa
In Rolfe, 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 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 Rolfe, 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 Rolfe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $533.00, found in the 50581 zip code.
Average Rolfe Assessed Value
$37,930
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 Rolfe, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50581 | $7,500 | $16,729 | $37,930 | $99,385 | $185,348 |
Source: Ownwell
Property Tax Bills Across Rolfe, Iowa
In Rolfe, located in Pocahontas County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. Once the assessment is made, the local tax rate is applied to this value to calculate the tax bill. The median home price in Rolfe is $37,930, and property tax rates can significantly impact homeowners. For instance, the tax bill for the 25th percentile is $258, while for the 75th percentile, it rises to $1,099. At the 90th percentile, homeowners can expect to pay around $1,807. The highest and lowest median tax bills in the area are both $533, indicating some uniformity in taxation within the zip code 50581. Compared to the national median property tax rate of 0.99%, Rolfe’s property tax bills can be quite variable, making it essential for homeowners to understand how their specific tax obligations are calculated. This variability can affect household budgets and long-term financial planning.
Average Rolfe Tax Bill
$533
Average Pocahontas County Tax Bill
$919
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolfe, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50581 | $85 | $258 | $533 | $1,099 | $1,807 |
Source: Ownwell