PO Box 598 Spirit Lake, Iowa 51360

How Property Taxes are Calculated

If your residential property (land & dwelling) had a value of $100,000 here is how property tax would be computed. To adjust for your property value change the appropriate Assessed Property Value.

 

Assessed Property Value                                      $100,000

X Residential Rollback (most recent)                     56.1324%


Gross Taxable Value                                              $56,132

X Tax Levy (dollars per $1,000 of value)               $20  (The combined tax levy rate of all taxing jurisdictions where your property                                                                                           is located.)


        Gross Taxes Due (Annually)                          $1,127