Ladora, Iowa Property Taxes
The median property tax rate in Ladora, IA is 1.43%, which is considerably higher than the national median of 0.99% but below the Iowa state median of 1.54%. With a median home value of $82,490 in Ladora, the typical annual property tax bill reaches $1,260, still below the national median of $2,690. Property taxes in Ladora are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ladora'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 Ladora or another part of Iowa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ladora, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,180
Ownwell’s Ladora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ladora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ladora 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 Ladora, Iowa
Property taxes in Ladora, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ladora is 1.43%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Ladora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ladora 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. For comparison, the 52251 zip code has both the highest and lowest median property tax rate of 1.43%. Understanding how these cities compare with Ladora provides valuable insights into the varying tax landscape across Iowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ladora Tax Rate
1.43%
Average Iowa County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ladora, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52251 | 1.11% | 1.19% | 1.43% | 1.66% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Ladora, Iowa
In Ladora, 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 county 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 Ladora, 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. The median home price in Ladora stands at $82,490, with tax bills ranging significantly. For instance, the 25th percentile tax bill is approximately $660, while the 75th percentile reaches around $2,096. The highest median tax bill in the area is $1,260 in zip code 52251, which also has the lowest median tax bill at the same amount. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Ladora Assessed Value
$82,490
Average Iowa County Assessed Value
$157,090
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ladora, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52251 | $22,238 | $45,220 | $82,490 | $148,885 | $240,286 |
Source: Ownwell
Property Tax Bills Across Ladora, Iowa
In Ladora, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the property tax rate, set by local taxing authorities, is applied to calculate the tax bill. For example, with a median home price of $82,490, homeowners in Ladora can expect varying tax bills. The 25th percentile tax bill is around $660, while the 75th percentile tax bill reaches $2,096, and the 90th percentile tax bill can be as high as $2,869. These tax bills fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Ladora's rates reflect the local government's financial needs and priorities. Homeowners should be aware of these factors as they significantly influence their annual expenses and the overall affordability of owning property in Ladora.
Average Ladora Tax Bill
$1,260
Average Iowa County Tax Bill
$2,134
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Ladora, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52251 | $327 | $660 | $1,260 | $2,096 | $2,869 |
Source: Ownwell