Estimate Your Property Tax

Print
Press Enter to show all options, press Tab go to next option
 
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 0.556209
$  55,621
Assessed Value (Market Value)
x  Rollback percentage
Taxable or Taxed Value
Most Recent Rollback Percentages
 
55.6209% for residential real estate 
$  55,621
-(Military Credit)
$  55,621
Taxable Value
Less $ for Military Credit (if applicable)
Net Taxable Value 
See Credits & Exemptions for
Military Credit qualifications 
$  55,621
x 0.03164
$    1,760 
Net Taxable Value
x  Tax Rate
Taxes
Most Recent Levy/Tax Rates
• $31.64 Ames/Ames schools
• $36.20 Ames/Gilbert schools 

$    1,760
- (Homestead Credit)
$    1,760

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 2017 and spring of 2018 will be based on the 2016 assessed value.
  • A house built during 2017 will be first assessed for January 1, 2018.
  • The assessed values for January 2018 will be the basis for taxes due in the fall of 2019 and spring 2020.
  • 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)

 

 

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Flash Player QuickTime Windows Media Player Microsoft Silverlight Word Viewer Excel Viewer PowerPoint Viewer