Riverdale, Scott County, Iowa Property Taxes
The median property tax rate in Riverdale, IA is 1.21%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Riverdale at $285,100, the typical annual property tax bill reaches $3,278, exceeding the national median of $2,690. Property taxes in Riverdale 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 Riverdale'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 Riverdale 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
Riverdale, Scott County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,450
$3,201
Ownwell’s Riverdale Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Riverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverdale 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 Riverdale, Scott County, Iowa
Property taxes in Riverdale, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverdale is 1.21%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Riverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverdale 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 Riverdale's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 52722 has the highest median property tax rate of 1.21%, while the lowest is also 1.21%. Understanding how these cities compare with Riverdale provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riverdale Tax Rate
1.21%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverdale, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52722 | 1.03% | 1.10% | 1.21% | 1.28% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Riverdale, Scott County, Iowa
In Riverdale, 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 Scott 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 Riverdale, 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 Riverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,278 in the 52722 zip code, while the lowest median tax bill is also $3,278 in the same zip code.
Property Tax Assessment Values Across Riverdale, Scott County, Iowa
Source: Ownwell
$87,475
$197,388
$307,300
Average Riverdale Assessed Value
$285,100
Average Scott County Assessed Value
$184,110
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riverdale, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52722 | $162,300 | $229,800 | $285,100 | $360,500 | $430,200 |
Source: Ownwell
Property Tax Bills Across Riverdale, Scott County, Iowa
In Riverdale, property tax bills are calculated based on the assessed value of your home, which is determined by the Scott County Assessor's Office. This assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual tax bill. The median home price in Riverdale is $285,100, and property tax bills can vary significantly depending on the value of the home and applicable exemptions. For example, homeowners in the 25th percentile of tax bills pay around $2,599, while those in the 75th percentile face bills closer to $4,436. The 90th percentile sees tax bills reaching up to $5,469. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Riverdale's tax rates reflect the local government's funding needs and economic conditions, impacting homeowners' financial planning and overall cost of living.
Average Riverdale Tax Bill
$3,278
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverdale, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52722 | $1,658 | $2,599 | $3,278 | $4,436 | $5,469 |
Source: Ownwell