Fort Atkinson, Iowa Property Taxes
The median property tax rate in Fort Atkinson, IA is 1.20%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $165,725 in Fort Atkinson, the typical annual property tax bill is $2,110, slightly below the national median of $2,690. Property taxes in Fort Atkinson are based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Fort Atkinson'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 Fort Atkinson 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
Fort Atkinson, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,989
Ownwell’s FORT ATKINSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT ATKINSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT ATKINSON 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 Fort Atkinson, Iowa
Property taxes in Fort Atkinson, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Atkinson is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fort Atkinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Atkinson 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 Fort Atkinson's effective property tax rate to other areas and the national median. For comparison, the zip code 52144 has the highest median property tax rate of 1.20%, while also having the lowest median tax rate of 1.20%. Understanding how these areas compare with Fort Atkinson provides valuable insights into the varying tax landscape across Winneshiek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Atkinson Tax Rate
1.20%
Average Winneshiek County Tax Rate
1.33%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Atkinson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52144 | 0.97% | 1.03% | 1.20% | 1.56% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Fort Atkinson, Iowa
In Fort Atkinson, 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 Winneshiek 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 Fort Atkinson, 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. The median home price in Fort Atkinson is $165,725, with tax bills ranging significantly. The highest median tax bill in the area is $2,110 in the 52144 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Atkinson Assessed Value
$165,725
Average Winneshiek County Assessed Value
$200,930
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Atkinson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52144 | $54,916 | $106,252 | $165,725 | $243,180 | $341,539 |
Source: Ownwell
Property Tax Bills Across Fort Atkinson, Iowa
In Fort Atkinson, IA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, in Winneshiek County, where Fort Atkinson is located, the median home price is $165,725. The tax bills can vary significantly, with the 25th percentile at $1,425 and the 75th percentile at $3,063. The highest median tax bill in the area is $2,110, found in the 52144 zip code. Several factors influence your property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners may feel the impact of these taxes differently based on their property's value. For instance, a homeowner with a higher assessed property value will generally have a higher tax bill. Understanding how these elements interact can help homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Fort Atkinson Tax Bill
$2,110
Average Winneshiek County Tax Bill
$2,768
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Atkinson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52144 | $814 | $1,425 | $2,110 | $3,063 | $4,078 |
Source: Ownwell