Anthon, Iowa Property Taxes
The median property tax rate in Anthon, IA is 1.17%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $103,080, the typical annual property tax bill in Anthon amounts to $1,204, which is below the national median of $2,690. Property taxes in Anthon are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anthon'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 Anthon 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
Anthon, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,206
Ownwell’s Anthon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anthon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anthon 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 Anthon, Iowa
Property taxes in Anthon, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anthon is 1.17%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Anthon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anthon 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 Anthon's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51004 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Anthon provides valuable insights into the varying tax landscape across Woodbury County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anthon Tax Rate
1.17%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anthon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51004 | 0.91% | 1.00% | 1.17% | 1.29% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Anthon, Iowa
In Anthon, 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 Woodbury 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 Anthon, 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 Anthon is $103,080, with tax bills ranging from $674 at the 25th percentile to $2,875 at the 90th percentile. The zip code with the highest and lowest median tax bill is 51004, with a median tax bill of $1,204. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Anthon Assessed Value
$103,080
Average Woodbury County Assessed Value
$157,600
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anthon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51004 | $34,650 | $58,120 | $103,080 | $170,600 | $278,800 |
Source: Ownwell
Property Tax Bills Across Anthon, Iowa
In Anthon, located in Woodbury County, IA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Homeowners in Anthon experience property tax rates that can vary significantly. For instance, the 25th percentile tax bill is around $674, while the 75th percentile reaches up to $1,864. At the 90th percentile, some homeowners see tax bills as high as $2,875. These figures illustrate the broad range of property tax obligations within the city. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The median home price in Anthon is $103,080, which is considerably lower than the national median. This lower home price contributes to a more manageable tax burden for many residents. However, homeowners with properties assessed at higher values will face correspondingly higher tax bills. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Anthon Tax Bill
$1,204
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Anthon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51004 | $424 | $674 | $1,204 | $1,864 | $2,875 |
Source: Ownwell