Ringgold County, Iowa Property Taxes
The median property tax rate in Ringgold County is 1.44%, which is notably higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. Considering the median home value in Ringgold County is $101,674, the typical annual property tax bill amounts to $1,488, which is below the national median of $2,690. Property taxes in Ringgold County are determined based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Ringgold County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can offer homeowners substantial annual savings. Whether you reside in Mount Ayr or any other part of Ringgold County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ringgold County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,464
$1,359
Ownwell’s Ringgold County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ringgold County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ringgold County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Ringgold County, Iowa
Property taxes in Ringgold County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ringgold County is 1.44%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Ringgold County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ringgold County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Ringgold County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Lenox has one of the higher property tax rates in Iowa at 1.63%, while the city of Beaconsfield boasts one of the lowest at 1.07%. Analyzing how Ringgold County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ringgold County Tax Rate
1.44%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ringgold County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaconsfield | 0.80% | 0.95% | 1.07% | 1.44% | 1.89% |
| Benton | 0.70% | 1.20% | 1.34% | 1.61% | 1.89% |
| Blockton | 0.98% | 1.05% | 1.25% | 1.32% | 1.59% |
| Clearfield | 1.11% | 1.17% | 1.25% | 1.26% | 1.30% |
| Diagonal | 1.12% | 1.27% | 1.46% | 1.80% | 1.96% |
| Ellston | 1.16% | 1.36% | 1.45% | 1.52% | 1.59% |
| Kellerton | 1.07% | 1.26% | 1.47% | 1.79% | 2.09% |
| Kent | N/A | N/A | N/A | N/A | N/A |
| Lamoni | 1.11% | 1.17% | 1.38% | 1.59% | 1.69% |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Maloy | N/A | N/A | N/A | N/A | N/A |
| Mount Ayr | 1.05% | 1.21% | 1.53% | 2.00% | 2.20% |
| Redding | 1.00% | 1.17% | 1.27% | 1.42% | 1.59% |
| Shannon City | 1.04% | 1.17% | 1.34% | 1.49% | 1.81% |
| Tingley | 1.01% | 1.20% | 1.40% | 1.65% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Ringgold County, Iowa
In Ringgold County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Ringgold County Appraisal District. The assessed value, however, 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. Assessment notices in Ringgold County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Ellston at $5721, while Benton has the lowest at $792. Being aware of these valuation processes in Ringgold County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ringgold County Assessed Value
$101,674
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ringgold County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaconsfield | $18,577 | $49,582 | $87,759 | $139,886 | $214,297 |
| Benton | $3,180 | $10,694 | $49,767 | $97,667 | $139,212 |
| Blockton | $40,111 | $99,904 | $142,251 | $236,348 | $295,450 |
| Clearfield | $101,424 | $118,570 | $170,318 | $221,183 | $245,379 |
| Diagonal | $17,091 | $45,837 | $88,700 | $137,690 | $206,165 |
| Ellston | $37,098 | $171,227 | $391,898 | $531,333 | $670,588 |
| Kellerton | $6,316 | $33,226 | $67,032 | $136,895 | $212,766 |
| Kent | N/A | N/A | N/A | N/A | N/A |
| Lamoni | $54,249 | $78,440 | $99,842 | $173,464 | $217,665 |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Maloy | N/A | N/A | N/A | N/A | N/A |
| Mount Ayr | $10,639 | $32,255 | $71,984 | $133,863 | $226,388 |
| Redding | $10,959 | $33,964 | $83,931 | $129,508 | $203,366 |
| Shannon City | $70,781 | $110,574 | $142,756 | $190,254 | $297,763 |
| Tingley | $1,870 | $13,541 | $43,685 | $121,123 | $206,928 |
Source: Ownwell
Property Tax Bills Across Ringgold County, Iowa
In Ringgold County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the county's property tax rate to determine the annual tax bill. Factors influencing the tax bill include the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Ringgold County experience a range of tax bills. For example, the 25th percentile tax bill is $670, while the 75th percentile tax bill reaches $3,350. The 90th percentile tax bill can be as high as $6,946. Comparing these figures to the national median property tax rate of 0.99%, it's evident that tax burdens can vary significantly within the county. The highest median tax bill in Ringgold County is found in Ellston at $5,721, while Benton has the lowest at $792. These variations highlight the importance of understanding local property tax assessments and rates for homeowners.
Average Ringgold County Tax Bill
$1,488
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Ringgold County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaconsfield | $392 | $550 | $874 | $1,556 | $2,483 |
| Benton | $40 | $378 | $792 | $1,575 | $2,020 |
| Blockton | $434 | $1,184 | $1,800 | $2,743 | $3,566 |
| Clearfield | $1,348 | $1,494 | $1,798 | $2,768 | $3,093 |
| Diagonal | $331 | $719 | $1,258 | $1,936 | $2,804 |
| Ellston | $467 | $2,442 | $5,721 | $7,726 | $9,476 |
| Kellerton | $152 | $458 | $1,022 | $1,792 | $2,795 |
| Kent | N/A | N/A | N/A | N/A | N/A |
| Lamoni | $493 | $1,084 | $1,265 | $2,432 | $3,249 |
| Lenox | N/A | N/A | N/A | N/A | N/A |
| Maloy | N/A | N/A | N/A | N/A | N/A |
| Mount Ayr | $202 | $560 | $1,180 | $1,938 | $3,032 |
| Redding | $173 | $416 | $1,110 | $1,698 | $2,544 |
| Shannon City | $1,026 | $1,466 | $1,692 | $2,624 | $3,678 |
| Tingley | $77 | $338 | $967 | $1,624 | $2,539 |
Source: Ownwell