Tax Comparison: Xenia, OH vs Elk horn, IA
Understanding Your Tax Burden
This page compares the three main types of taxes between Xenia, OH and Elk horn, IA: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Xenia, OH
$7,082
Based on a $419,200 home
Rate: 1.6895%
Elk horn, IA
$5,303
Based on a $419,200 home
Rate: 1.2650%
| Data | Xenia, OH | Elk horn, IA |
|---|---|---|
| Effective Property Tax Rate | 1.6895% | 1.2650% |
| Estimated Property Tax | $7,082 | $5,303 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Elk horn, IA are $1,780 lower than in Xenia, OH for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
OH
2.75%-3.5%
Single: $2,640
Married: $4,752
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
| Data | OH | IA |
|---|---|---|
| Tax Rate | 2.75%-3.5% | 4.4%-5.7% |
| Single Filer ($100k) | $2,640 | $3,800 |
| Married Couple ($200k) | $4,752 | $6,840 |
| Median Income ($80.6k) | $2,821 | $3,061 |
Comparison: Income taxes in OH are $240 lower than in IA for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Xenia, OH
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Elk horn, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Xenia, OH | Elk horn, IA |
|---|---|---|
| State Sales Tax | 5.75% | 6.00% |
| Combined Sales Tax | 8.000% | 8.000% |
| Annual Tax Amount | $1,240 | $1,240 |
Comparison: Sales tax costs are approximately the same in both locations for average household spending.
Tax Comparison Insights
Tax Insights: Xenia vs Elk horn
- Property Tax: Elk horn has a 0.4245 percentage points lower effective property tax rate than Xenia.
- Income Tax: Living in OH could save you approximately $240 in state income taxes for a median household income.
- Sales Tax: Both cities have equivalent combined sales tax rates.
Overall Tax Burden Comparison
Xenia, OH
$11,143
Combined annual tax burden
Property
$7,082
Income
$2,821
Sales
$1,240
Elk horn, IA
$9,603
Combined annual tax burden
Property
$5,303
Income
$3,061
Sales
$1,240
Overall Comparison: Elk horn, IA has an estimated $1,540 lower total tax burden than Xenia, OH based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.