Estimate Your Property Tax

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Estimate Your Property Tax 
Important Points About Property Taxes
Rollback Percentages and Levies/Tax Rates (Current and Historical)

 

Estimate Your Property Tax

  • The Story County Treasurer has provided this tool to help you estimate your property tax:

Property Tax Estimator Button 

  • You can also use the following formula to estimate your property taxes for residential property, but remember, this is only an estimate. 
$100,000
x 0.569391
$  56,939
Assessed Value (Market Value)
x  Rollback percentage
Taxable or Taxed Value
Most Recent Rollback Percentages
 
56.9391% for residential real estate 
$  56,939
-(Military Credit)
$  55,939
Taxable Value
Less $ for Military Credit (if applicable)
Net Taxable Value 
See Credits & Exemptions for
Military Credit qualifications 
$  56,939
x 0.03166
$    1,803 
Net Taxable Value
x  Tax Rate
Taxes
Most Recent Levy/Tax Rates
• $31.66 Ames/Ames schools
• $36.24 Ames/Gilbert schools 

$    1,803
- (Homestead Credit)
$    1,803

Taxes
Less Homestead Credit
Taxes Owed

Homestead Tax Credit
• The amount varies each year
• Depends on state funding

 

Important Points About Property Taxes

  • Assessed values are based on calendar years - as of January 1.
  • Taxes are calculated by the Story County Auditor for fiscal years, July 1 through June 30 using the previous year assessment.
  • Property taxes are payable to the Story County Treasurer in two installments.
    • The first half is delinquent October 1.
    • The second half payment is delinquent April 1.
    • Contact the County Treasurer for more details (515-382-7330).
  • Taxes payable in the fall of 2016 and spring of 2017 will be based on the 2015 assessed value.
  • A house built during 2016 will be first assessed for January 1, 2017.
  • The assessed values for January 2017 will be the basis for taxes due in the fall of 2018 and spring 2019.
  • For more information about property taxes in Iowa, please visit the Iowa Department of Revenue's Web site at www.iowa.gov/tax/educate/78573.html

 

Rollback Percentages and Levies/Tax Rates (Current and Historical)

 

 

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