Taxes in Ankeny, Iowa
Complete tax guide for Ankeny, IA. State income tax up to 5.7%, 1.57% property tax, 6.12% sales tax. Calculate your total tax burden.
State Income Tax
5.7%
Iowa
Property Tax
1.57%
Effective rate
Sales Tax
6.12%
Combined rate
Tax Burden
Moderate
Ankeny, IA Tax Overview
Population
68,483
Median Income
$72,000
Cost of Living
95.8 (100 = avg)
State Income Tax
5.7%
Median Home Price
$285,000
Ankeny Tax Calculator
Pre-filled with Ankeny median: $72,000
Total Tax Burden in Ankeny
$17,066
Take-Home: $54,934 · Effective Rate: 23.70%
Federal Tax
$7,454
10.35% eff.
IA State
$4,104
5.70% eff.
FICA
$5,508
7.65% eff.
Take-Home
$54,934
76.30% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $72,000.00 | $6,000.00 |
| Federal Income Tax | -$7,454.00 | -$621.17 |
| Iowa State Tax | -$4,104.00 | -$342.00 |
| Social Security (6.2%) | -$4,464.00 | -$372.00 |
| Medicare (1.45%) | -$1,044.00 | -$87.00 |
| Take-Home Pay | $54,934.00 | $4,577.83 |
Property Tax in Ankeny
Median Home
$285,000
Annual Tax
$4,475
Monthly Tax
$373
Effective Rate
1.57%
Sales Tax in Ankeny
Combined Rate
6.12%
State Portion
~3.6%
Local Portion
~2.5%
The combined sales tax rate in Ankeny is 6.12%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.12 in sales tax.
Tax Burden Comparison
| Tax Type | Ankeny | Iowa Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.7% | 5.7% | 4.6% |
| Property Tax | 1.57% | ~1.57% | 1.1% |
| Sales Tax | 6.12% | ~6.12% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Ankeny Residents
- Iowa's income tax rate of 5.7% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Ankeny (1.57%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Ankeny, IA?
Ankeny, Iowa has a state income tax rate up to 5.7%. The property tax rate is 1.57% and the combined sales tax rate is 6.12%.
How much is property tax in Ankeny?
The effective property tax rate in Ankeny is 1.57%. On the median home price of $285,000, this equals approximately $4,475 per year or $373 per month. This is above the national average of 1.1%.
What is the sales tax rate in Ankeny?
The combined sales tax rate in Ankeny is 6.12%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Ankeny's tax burden compare to other cities?
Ankeny has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 28.9%. The combination of 5.7% state income tax, 1.57% property tax, and 6.12% sales tax determines the total burden. Cost of living index is 95.8 (100 = national average).
Are there any local taxes in Ankeny?
Ankeny does not impose a separate local or city income tax. Residents pay the state income tax of 5.7%, federal income tax, and FICA (Social Security and Medicare).