Mount Pleasant, Washington County, Iowa Property Taxes
The median property tax rate in Mount Pleasant, IA is 1.18%, which is higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With the median home value in Mount Pleasant at $158,000, the typical annual property tax bill reaches $1,784, falling below the national median of $2,690. Property taxes in Mount Pleasant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, Washington County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,864
$1,730
Ownwell’s MOUNT PLEASANT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT PLEASANT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT PLEASANT 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 Mount Pleasant, Washington County, Iowa
Property taxes in Mount Pleasant, IA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 1.18%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in Iowa and the national median. For comparison, the highest median property tax rate in Washington County is also 1.18%, while the lowest median tax rate is similarly 1.18%. Understanding how these cities compare with Mount Pleasant provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Pleasant Tax Rate
1.18%
Average Washington County Tax Rate
1.51%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | 1.12% | 1.14% | 1.18% | 1.28% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
In Mount Pleasant, 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 local 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 Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mount Pleasant is $158,000, with tax bills ranging from $1,490 at the 25th percentile to $3,826 at the 90th percentile. The highest and lowest median tax bill is $1,784 in the zip code 52641.
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
Source: Ownwell
$55,400
$147,950
$240,500
Average Mount Pleasant Assessed Value
$158,000
Average Washington County Assessed Value
$175,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $91,860 | $124,900 | $158,000 | $218,800 | $315,000 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Washington County, Iowa
In Mount Pleasant, IA, property tax bills are calculated based on the assessed value of a home rather than its market value. The local assessor determines this assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors influence the assessed value, including the home's size, age, location, and any improvements made. For instance, with a median home price of $158,000, homeowners in Mount Pleasant can expect a range of property tax bills. The 25th percentile tax bill is $1,490, while the 75th percentile reaches $3,064. The 90th percentile tax bill can go up to $3,826. These figures highlight the variability in property taxes, which can significantly impact homeowners' annual budgets. Compared to the national median property tax rate of 0.99%, Mount Pleasant's property taxes can be seen as relatively moderate, but they can still represent a substantial portion of a homeowner's expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Mount Pleasant Tax Bill
$1,784
Average Washington County Tax Bill
$2,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Washington County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52641 | $1,181 | $1,490 | $1,784 | $3,064 | $3,826 |
Source: Ownwell