Fertile, Worth County, Iowa Property Taxes
The median property tax rate in Fertile, IA is 1.39%, 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 $103,318 in Fertile, the typical annual property tax bill amounts to $1,398, which is below the national median of $2,690. Property taxes in Fertile are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Fertile's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in Fertile or investing in the area, gaining insights into the local property tax structure will be beneficial.
Last Updated June 14, 2024
Fertile, Worth County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,436
$1,333
Ownwell’s Fertile Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fertile with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fertile 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 Fertile, Worth County, Iowa
Property taxes in Fertile, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fertile is 1.39%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Fertile set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fertile 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 Fertile's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50434 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these areas compare with Fertile provides valuable insights into the varying tax landscape across Worth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fertile Tax Rate
1.39%
Average Worth County Tax Rate
1.17%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fertile, Worth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50434 | 0.79% | 1.16% | 1.39% | 1.55% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Fertile, Worth County, Iowa
In Fertile, 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 Worth County Assessor's Office 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 Fertile, 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. Fertile has a median home price of $103,318, with the highest median tax bill of $1,398 in the 50434 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fertile, Worth County, Iowa
Source: Ownwell
$103,318
$162,373
$221,427
Average Fertile Assessed Value
$103,318
Average Worth County Assessed Value
$133,156
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fertile, Worth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50434 | $30,774 | $68,112 | $103,318 | $156,260 | $227,031 |
Source: Ownwell
Property Tax Bills Across Fertile, Worth County, Iowa
In Fertile, located in Worth County, IA, property tax bills are calculated based on the assessed value of your home. The median home price here is $103,318, which provides a baseline for understanding property tax obligations. The assessed value is determined by local assessors, who consider factors such as property size, location, and market conditions. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Homeowners in Fertile experience a range of property tax bills, with the 25th percentile at $1,006, the 75th percentile at $1,926, and the 90th percentile reaching up to $2,773. The highest median tax bill in the area is $1,398, which is significantly higher than the national median property tax rate of 0.99%. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual financial responsibilities and plan accordingly.
Average Fertile Tax Bill
$1,398
Average Worth County Tax Bill
$1,502
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Fertile, Worth County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50434 | $406 | $1,006 | $1,398 | $1,926 | $2,773 |
Source: Ownwell