Lowden, Iowa Property Taxes
The median property tax rate in Lowden, IA is 1.23%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Lowden at $171,960, the typical annual property tax bill amounts to $2,238, which is below the national median of $2,690. Property taxes in Lowden are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lowden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lowden or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowden, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,115
Ownwell’s Lowden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lowden, Iowa
Property taxes in Lowden, Iowa, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Lowden is 1.23%, which is higher than the U.S. national median of 0.99%. Local government entities within Lowden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Lowden's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52255 zip code has the highest median property tax rate of 1.23%, while the 52255 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Lowden provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lowden Tax Rate
1.23%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | 1.23% | 1.23% | 1.23% | 1.27% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Lowden, Iowa
In Lowden, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clinton County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Lowden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Lowden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lowden are both $2,238, observed in zip code 52255.
Average Lowden Assessed Value
$171,960
Average Clinton County Assessed Value
$133,420
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lowden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | $132,480 | $147,285 | $171,960 | $184,460 | $191,960 |
Source: Ownwell
Property Tax Bills Across Lowden, Iowa
In Lowden, located in Clinton County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. Homeowners in Lowden can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,876 and the 75th percentile tax bill at $2,327. The highest median tax bill recorded in the area is $2,238. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. These factors collectively impact how much homeowners owe annually. For instance, a median home price of $171,960 in Lowden, when assessed and taxed, results in varying tax bills that can be compared to the national median property tax rate of 0.99%. Understanding these dynamics helps homeowners anticipate their financial obligations and plan accordingly.
Average Lowden Tax Bill
$2,238
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | $1,659 | $1,876 | $2,238 | $2,327 | $2,380 |
Source: Ownwell