Roland, Story County, Iowa Property Taxes

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

Median Roland, IA effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Roland, IA home value: $201,500
Median annual Roland, IA tax bill: $2,906, $506 higher than the national median property tax bill of $2,400.

How are property taxes in Story County calculated?

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

Last Updated March 1, 2025

Roland, Story County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$2,962

$2,749

Ownwell’s Roland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Roland with just two data points. By entering your property's estimated assessed value, our calculator applies Roland’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 Roland, Story County, Iowa

Local government entities determine property tax rates, which can significantly differ across a state. Each year, counties estimate the budget needed for essential services and divide it by the total value of taxable properties within their boundaries. This calculation determines the property tax rate. While the process involves legislation and public voting, this is the basic annual method for setting tax rates.

In Roland, located in Story County, the effective property tax rate is 1.47%, aligning with the highest and lowest rates in the area. This rate is higher than the national median property tax rate of 1.02%. When comparing this to the median property tax rate in Iowa, it's clear that Roland's rate is on the higher end of the spectrum. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. Evaluating how Roland's property tax rate compares to other cities in Iowa and the national median can provide valuable insights for homeowners and potential buyers in the area.

Property Tax Rates Across Roland, Story County, Iowa

Source: Ownwell

1.03%

1.36%

1.69%

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 Roland Tax Rate

1.47%

Median Effective Story County Tax Rate

1.36%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Roland, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50236	0.95%	1.39%	1.47%	1.55%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Roland, Story County, Iowa

When examining property taxes in Roland, 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 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. Assessment notices: 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 Roland. For example, the median home price in Roland is $201,500, with tax bills ranging significantly across the county. 50236 has the highest median home price at $201,500.

Property Tax Assessment Values Across Roland, Story County, Iowa

Source: Ownwell

$152,200

$213,750

$275,300

Median Roland Market Value

$201,500

Median Story County Market Value

$219,000

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Roland, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50236	$110,350	$150,750	$201,500	$260,625	$362,400

Source: Ownwell

Property Tax Bills Across Roland, Story County, Iowa

In Roland, IA, located in Story County, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Roland is $201,500, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Roland typically see a tax bill around the median of $2,906, which is notably higher than the national median property tax bill of $2,400. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. These taxes fund essential local services such as schools, infrastructure, and public safety, impacting homeowners directly. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure homeowners are not overpaying. This service is particularly beneficial in areas like Roland, where property tax bills can be significant compared to the national average.

Property Tax Bills Across Roland, Story County, Iowa

Source: Ownwell

$1,982

$3,116

$4,250

Median Roland Tax Bill

$2,906

Median Story County Tax Bill

$2,904

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Roland, Story County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50236	$1,620	$2,154	$2,906	$3,676	$4,838

Source: Ownwell