Hubbard, Story County, Iowa Property Taxes

Name: Property Tax Bills Across Hubbard, Story County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hubbard, IA effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Hubbard, IA home value: $182,600
Median annual Hubbard, IA tax bill: $2,290, $110 lower than the national median property tax bill of $2,400.

How are property taxes in Story calculated?

Property taxes in Hubbard, 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 Hubbard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hubbard, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hubbard, Story County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$2,502

$2,321

Ownwell’s Hubbard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hubbard with just two data points. By entering your property's estimated assessed value, our calculator applies Hubbard’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Story County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hubbard, Story County, Iowa

Local government entities are responsible for setting property tax rates, which can significantly differ across various regions within a state. The process involves each county estimating its necessary budget to fund public services and dividing this figure by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although voting and legal frameworks play a role in setting these rates and budgets, this is the essence of the annual procedure.

In Hubbard, located in Hardin County, Iowa, you can observe how its effective property tax rate compares to other cities within Iowa and against both the state's median and the national median property tax rates. While the national median property tax rate stands at 1.02%, Iowa's median property tax rate is 1.25%. This comparison highlights how Hubbard's property tax rate fits within the broader context of state and national figures, offering a perspective on its relative tax burden. Understanding these differences is crucial for property owners when considering the financial implications of property taxes in their area.

Property Tax Rates Across Hubbard, Story County, Iowa

Source: Ownwell

1.12%

1.41%

1.70%

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 Hubbard Tax Rate

1.37%

Median Effective Story County Tax Rate

1.42%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hubbard, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50122	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hubbard, Story County, Iowa

When examining property taxes in Hubbard, Iowa, 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 Story County appraisal district 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 Story 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 Hubbard.

For example, the median home price in Hubbard is $182,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hubbard, Story County, Iowa

Source: Ownwell

$153,400

$216,900

$280,400

Median Hubbard Market Value

$182,600

Median Story County Market Value

$220,900

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hubbard, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50122	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hubbard, Story County, Iowa

In Hubbard, Iowa, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this region is $182,600, and property taxes are a significant consideration for homeowners. The tax bill can vary widely, with the 25th percentile at $1,191 and the 90th percentile reaching up to $3,573. These figures highlight the variability in tax bills, which can be influenced by factors such as property improvements, neighborhood changes, and local tax rates. Compared to the national median property tax bill of $2,400, homeowners in Hubbard may find their tax obligations to be relatively moderate. However, there is still potential for savings. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially reducing their tax burden. By leveraging expert knowledge and experience, Ownwell assists homeowners in navigating the complexities of property tax laws, ensuring they pay only their fair share.

Property Tax Bills Across Hubbard, Story County, Iowa

Source: Ownwell

$2,140

$3,336

$4,532

Median Hubbard Tax Bill

$2,496

Median Story County Tax Bill

$3,111

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Hubbard, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50122	N/A	N/A	N/A	N/A	N/A

Source: Ownwell