Kent, Union County, Iowa Property Taxes
The median property tax rate in Kent, Iowa is 1.57%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Kent, the typical annual property tax bill reaches $1,457, exceeding the national median of $2,690. Property taxes in Kent 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 Kent'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 Kent 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
Kent, Union County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,528
$1,418
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Kent, Union County, Iowa
Property taxes in Kent, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent is 1.57%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50851 zip code has the highest median property tax rate of 1.57%, while the 50851 zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Kent provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent Tax Rate
1.57%
Average Union County Tax Rate
1.84%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent, Union County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | 1.14% | 1.46% | 1.57% | 1.73% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Kent, Union County, Iowa
In Kent, 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 Union 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 Kent, 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kent is $1457 in the 50851 zip code, while the lowest median tax bill is also $1457 in the same zip code.
Property Tax Assessment Values Across Kent, Union County, Iowa
Source: Ownwell
$41,350
$107,285
$173,220
Average Kent Assessed Value
$97,335
Average Union County Assessed Value
$97,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kent, Union County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | $12,735 | $30,168 | $97,335 | $158,995 | $232,390 |
Source: Ownwell
Property Tax Bills Across Kent, Union County, Iowa
In Kent, Union County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. Homeowners in Kent experience a range of tax bills, depending on the assessed value of their property and the specific tax rate applied. For instance, the median home price in Kent is $97,335. Homeowners at the 25th percentile can expect a tax bill around $448, while those at the 75th percentile might see a tax bill close to $2,538. At the 90th percentile, the tax bill can reach up to $3,632. The highest median tax bill in Union County is $1,457, found in the 50851 zip code. These property taxes fund essential local services, including schools, infrastructure, and public safety, directly impacting the quality of life for residents. Understanding how these factors influence your tax bill can help you better anticipate and manage your financial obligations as a homeowner in Kent.
Average Kent Tax Bill
$1,457
Average Union County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent, Union County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50851 | $191 | $448 | $1,457 | $2,538 | $3,632 |
Source: Ownwell