Red Oak, Page County, Iowa Property Taxes
Median RED OAK, IA effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median RED OAK, IA home value: $186,540
Median annual RED OAK, IA tax bill: $2,236, $164 lower than the national median property tax bill of $2,400.
How are property taxes in Page calculated?
Property taxes in RED OAK, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding RED OAK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RED OAK, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Red Oak, Page County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$2,220
$2,060
Property Tax Rates Across Red Oak, Page County, Iowa
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Red Oak Tax Rate
1.19%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Page County Tax Rate
1.56%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Red Oak, Page County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51566 | 1.08% | 1.13% | 1.19% | 1.21% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Red Oak, Page County, Iowa
When examining property taxes in Red Oak, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Page County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Page County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Red Oak.
For example, the median home price in Red Oak is $186,540, with tax bills ranging significantly across the county. Zip code 51566 has the highest median home price at $186,540.
Property Tax Assessment Values Across Red Oak, Page County, Iowa
Source: Ownwell
$20,640
$103,590
$186,540
Median Red Oak Market Value
$186,540
Median Page County Market Value
$100,500
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Red Oak, Page County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51566 | $76,230 | $117,600 | $186,540 | $298,960 | $345,190 |
Source: Ownwell
Property Tax Bills Across Red Oak, Page County, Iowa
In Red Oak, located in Page County, IA, property tax bills are calculated using the assessed value of a home, which reflects its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Red Oak face a median tax bill of $2,236, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as low as $1,128 or as high as $3,988.
For homeowners looking to reduce their property tax bills, Ownwell offers expert assistance in appealing assessments and securing exemptions. By leveraging local property data and market trends, Ownwell helps homeowners navigate the complexities of the property tax system, potentially resulting in significant savings. With Ownwell's support, homeowners can ensure they are not overpaying and can achieve a fair and accurate tax bill.
Median Red Oak Tax Bill
$2,236
Median Page County Tax Bill
$1,497
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Red Oak, Page County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51566 | $916 | $1,128 | $2,236 | $3,344 | $3,988 |
Source: Ownwell