Kingsley, Iowa Property Taxes
The median property tax rate in Kingsley, IA is 1.01%, slightly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value in Kingsley of $237,130, the typical annual property tax bill reaches $2,418, which is below the national median of $2,690. Property taxes in Kingsley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingsley'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 Kingsley 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
Kingsley, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,395
Ownwell’s Kingsley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsley 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 Kingsley, Iowa
Property taxes in Kingsley, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsley is 1.30%, higher than both the Iowa state median of 1.56% and the U.S. national median of 0.99%. Local government entities within Kingsley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsley 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 Kingsley's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51028 zip code has the highest median property tax rate of 1.30%, while the 51028 zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Kingsley 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 Kingsley Tax Rate
1.01%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | 0.92% | 0.95% | 1.01% | 1.15% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Kingsley, Iowa
In Kingsley, 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 Kingsley, 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 Kingsley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kingsley both fall in the 51028 zip code, each amounting to $2,418.
Average Kingsley Assessed Value
$237,130
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 Kingsley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | $110,328 | $157,495 | $237,130 | $324,105 | $392,560 |
Source: Ownwell
Property Tax Bills Across Kingsley, Iowa
In Kingsley, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is then applied to this assessed value to determine the annual tax bill. For a median home price of $237,130, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,633, while at the 75th percentile, it can reach up to $3,556. The highest tax bills, found at the 90th percentile, are approximately $4,300. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Kingsley's rates can result in substantial differences in annual payments. Understanding these factors is crucial for homeowners as it directly impacts their financial planning and long-term investment in their property. By staying informed, homeowners can better anticipate their property tax obligations and manage their budgets effectively.
Average Kingsley Tax Bill
$2,418
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsley, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51028 | $1,150 | $1,633 | $2,418 | $3,556 | $4,300 |
Source: Ownwell