Stockton, Iowa Property Taxes
The median property tax rate in Stockton, IA is 1.07%, slightly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $275,050 in Stockton, the typical annual property tax bill reaches $2,721, which is just below the national median of $2,690. Property taxes in Stockton are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Stockton's property tax system, investigating available exemptions, and pinpointing opportunities for reductions can lead to notable annual savings. Whether you're situated in the heart of Stockton or elsewhere in the city, comprehending the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stockton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,943
Ownwell’s Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Iowa
Property taxes in Stockton, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 1.07%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52769 zip code has the highest median property tax rate of 1.07%, while the 52769 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Stockton 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 Stockton Tax Rate
1.07%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | 0.85% | 0.91% | 1.07% | 1.17% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Iowa
In Stockton, 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 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 Stockton, 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 Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Stockton is $2,721 in the 52769 zip code, while the lowest median tax bill is also $2,721 in the same zip code.
Average Stockton Assessed Value
$275,050
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 Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | $152,100 | $185,975 | $275,050 | $334,950 | $410,150 |
Source: Ownwell
Property Tax Bills Across Stockton, Iowa
In Stockton, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. For example, with a median home price of $275,050, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. At the 25th percentile, tax bills are around $2,230, while at the 75th percentile, they rise to $3,408. For those at the 90th percentile, tax bills can reach up to $4,758. These figures illustrate the range of property tax burdens homeowners might face. The highest median tax bill in the area is $2,721, consistent across different zip codes within the county. Compared to the national median property tax rate of 0.99%, Stockton's rates can vary significantly, impacting homeowners differently based on their property's valuation and the local tax rate. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Stockton Tax Bill
$2,721
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52769 | $1,755 | $2,230 | $2,721 | $3,408 | $4,758 |
Source: Ownwell