Logan, Iowa Property Taxes
The median property tax rate in Logan, IA is 1.25%, higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $185,640 in Logan, the typical annual property tax bill reaches $2,326, which is below the national median of $2,690. Property taxes in Logan are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Logan'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 Logan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Logan, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,321
Ownwell’s Logan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Logan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Logan 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 Logan, Iowa
Property taxes in Logan, Iowa, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Logan stands at 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Logan set these rates annually, and they can vary considerably across different neighborhoods. Each year, Logan 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 Logan's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51546 zip code has the highest median property tax rate of 1.25%, while the 51546 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Logan provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Logan Tax Rate
1.25%
Average Harrison County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Logan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51546 | 1.02% | 1.06% | 1.25% | 1.46% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Logan, Iowa
In Logan, 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 Harrison County Appraisal District 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 Logan, 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 Logan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Logan, the median home price is $185,640. The tax bills can vary significantly, with the 25th percentile at $1,556 and the 75th percentile at $3,375. Notably, the highest median tax bill is $2,326 in the 51546 zip code, which also has the lowest median tax bill of $2,326.
Average Logan Assessed Value
$185,640
Average Harrison County Assessed Value
$150,125
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Logan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51546 | $62,436 | $116,315 | $185,640 | $278,825 | $426,402 |
Source: Ownwell
Property Tax Bills Across Logan, Iowa
In Logan, Harrison County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, reflecting what the property would likely sell for under normal conditions. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including local tax rates, property improvements, and changes in market conditions. For instance, the median home price in Logan is $185,640. Homeowners in the 25th percentile can expect a tax bill around $1,556, while those in the 75th percentile might see a bill closer to $3,375. The 90th percentile tax bill can reach up to $4,777. These property taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is calculated helps in financial planning and can influence decisions related to property investment and home improvements.
Average Logan Tax Bill
$2,326
Average Harrison County Tax Bill
$1,959
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Logan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51546 | $810 | $1,556 | $2,326 | $3,375 | $4,777 |
Source: Ownwell