Pleasant Hill, Iowa Property Taxes
The median property tax rate in Pleasant Hill, IA is 1.62%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Pleasant Hill at $273,700, the typical annual property tax bill reaches $4,250, exceeding the national median of $2,690. Property taxes in Pleasant Hill are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pleasant Hill'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 Pleasant Hill 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
Pleasant Hill, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$4,434
Ownwell’s Pleasant Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hill 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 Pleasant Hill, Iowa
Property taxes in Pleasant Hill, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary across different neighborhoods. Each year, Pleasant Hill 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 Pleasant Hill's effective property tax rate to other areas in Polk County and the national median. For comparison, the 50327 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these areas compare with Pleasant Hill provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
1.62%
Average Polk County Tax Rate
1.69%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50327 | 1.26% | 1.44% | 1.62% | 1.67% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Iowa
In Pleasant Hill, 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 Polk 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 Pleasant Hill, 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. Pleasant Hill's median home price stands at $273,700, with tax bills ranging from the 25th percentile at $3,340 to the 75th percentile at $5,396, and reaching the 90th percentile at $6,749. The highest and lowest median tax bills are both $4,250 in the 50327 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 Pleasant Hill Assessed Value
$273,700
Average Polk County Assessed Value
$231,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50327 | $148,600 | $221,300 | $273,700 | $350,800 | $436,980 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Iowa
In Pleasant Hill, property tax bills are calculated based on the assessed value of the home, which is determined by the Polk County assessor. The assessed value typically reflects a percentage of the property's market value. For instance, with a median home price of $273,700, various factors such as property condition, location, and market trends are considered to arrive at this assessed value. Once the assessed value is established, the local tax rate is applied. This rate can vary, but in Pleasant Hill, the median property tax bill is $4,250, which is higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile see tax bills around $3,340, while those in the 75th percentile face bills up to $5,396, and the 90th percentile can go as high as $6,749. These taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life for Pleasant Hill residents.
Average Pleasant Hill Tax Bill
$4,250
Average Polk County Tax Bill
$3,904
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50327 | $2,290 | $3,340 | $4,250 | $5,396 | $6,749 |
Source: Ownwell