Community Vitality Center Logo

Iowa Transfer of Wealth

Carroll County, Iowa

Recorded Wealth Transfer

Table A. Annual average recorded wealth transfer, Iowa, 1998-2002

  Carroll County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
161 32 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $54.0 25 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $334,315 15 $274,425

Source: Community Vitality Center and Iowa Court Information Systems


Projected Wealth Transfer

Table B. Projected wealth transfer by decade (millions nominal $ inflated at 2% annually),
Iowa, 2000-2049

  Carroll County, Iowa
County State
millions nominal $
inflated at 2% per year
percent of
50 year transfer
millions nominal $
inflated at 2% per year
percent of
50 year transfer
Projected wealth transfer, 50 years, 2000-2049 $4,921.8 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $635.2 12.9% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $759.4 15.4% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $910.3 18.5% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $1,176.7 23.9% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $1,440.2 29.3% $167,963.0 31.6%

Source: Community Vitality Center


Charitable Giving

Table C. Average income and charitable contributions, federal income tax returns,
Iowa, 1997*

All income levels Carroll County, Iowa
County County
rank
State US
Total number federal tax returns filed 10,773 25 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 2,225 28 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $66,654 45 $76,516 $89,230
Average itemized contribution $2,601 22.5 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.9% 20 3.4% 3.3%
 
Adjusted gross income under $50,000 Carroll County, Iowa
County County
rank
State US
Total number federal tax returns filed 8,840 23 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 1,029 24 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $30,359 54 $32,220 $32,553
Average itemized contribution $1,662 17 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 5.5% 24 4.4% 4.7%
 
Adjusted gross income over $50,000 Carroll County, Iowa
County County
rank
State US
Total number federal tax returns filed 1,933 28 284,540 28,921,408
Number federal income tax returns with itemized contributions 1,196 27 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $97,881 35 $103,854 $122,564
Average itemized contribution $3,409 24 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 3.5% 19 3.2% 3.2%

*most recent year for which county information is available

Source: Community Vitality Center, Urban Institute National Center for Charitable Statistics and U.S. Internal Revenue Service


Income

Table D. Total per capita income and per capita income from dividends, interest
and rent, Iowa, 1990-2000

  Carroll County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $26,170 21 $26,540 $29,760
Per capita income (nominal $), 1990 $16,371 35 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $9,799 13 $9,168 $10,188
Percent change in per capita income, 1990-2000 59.9% 15 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $6,524 7 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 25.0% 20 20.6% 19.0%

Source: Community Vitality Center and Bureau of Economic Analysis, U.S. Department of Commerce


Total Population

Table E. Population, Iowa, 1990-2000

  Carroll County, Iowa
County County
rank
State US
Population, 2000 21,421 29 2,926,324 281,421,906
Population, 1990 21,423 29 2,776,831 248,709,873
Population change, 1990-2000 -2 55 149,493 32,712,033
Percent population change , 1990-2000 0.0% 55 5.4% 13.2%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


Deaths

Table F. Deaths and death rates, Iowa, 1990-2002

  Carroll County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 228 29 27,836 2,422,430
Average annual deaths, 1995-1999 245 25 28,018 2,333,800
Average annual deaths, 1990-1994 224 30 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 10.7 59 9.5 8.6
Average annual death rate/1000 population, 1995-1999 11.3 58 9.7 8.7
Average annual death rate/1000 population, 1990-1994 10.4 65 9.7 8.7

Source: Community Vitality Center and Iowa Department of Public Health


Age

Table G. Median age and age 65 or older,
Iowa, 2000
  Carroll County, Iowa
County County
rank
State US
Median age (years) 38.7 61 36.6 35.3
Number 65 or older 4,005 25 436,213 34,991,753
Percent 65 or older 18.7% 46 14.9% 12.4%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce

 

Percent of population by age group, Iowa, 2000

Carroll County age graph

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


COMMUNITY VITALITY CENTER
A Catalyst For Creating Real Impact In Real Communities

477 Heady Hall, Ames, IA, 50011-1070, Phone: 515-294-3000, Fax: 515-294-3838, e-mail:

Copyright © 2003-2005 Community Vitality Center
This site is best viewed at 800x600 and better resolutions using Microsoft Internet Exporer 5.0+, Netscape 6.0+, Mozilla 0.97+, Opera 5+, and Konqueror 3+. If you are having problems viewing this site, please check your browser version and update if necessary. You will need Adobe Reader to view .pdf files. This page is valid XHTML 1.0 Transitional and is CSS2 compliant