Lyon County Property Taxes
The median property tax rate in Lyon County is 1.03%, which is slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $190,560 in Lyon County, the typical annual property tax bill amounts to $1,868, which is below the national median of $2,690. Property taxes in Lyon County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lyon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Rock Rapids or another part of Lyon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyon County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,963
Ownwell’s Lyon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lyon County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lyon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lyon County, Iowa
Property taxes in Lyon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lyon County is 1.03%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Lyon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lyon County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lyon County's effective property tax rate with other counties in Iowa and the national median. For comparison, the city of Rock Rapids has one of the higher property tax rates in Iowa at 1.21%, while the city of Boyden boasts one of the lowest at 0.75%. Analyzing how Lyon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lyon County Tax Rate
1.03%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyon County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | 0.74% | 0.79% | 0.91% | 1.01% | 1.11% |
| Ashton | 0.81% | 0.83% | 0.87% | 1.01% | 1.15% |
| Boyden | 0.70% | 0.72% | 0.75% | 0.79% | 0.81% |
| Doon | 0.79% | 0.86% | 1.03% | 1.07% | 1.12% |
| George | 0.80% | 0.88% | 1.01% | 1.09% | 1.19% |
| Hull | 0.81% | 0.97% | 1.01% | 1.09% | 1.16% |
| Inwood | 0.77% | 0.82% | 0.98% | 1.04% | 1.09% |
| Larchwood | 0.75% | 0.79% | 0.96% | 1.13% | 1.16% |
| Lester | 0.80% | 0.85% | 0.87% | 0.92% | 0.96% |
| Little Rock | 0.84% | 0.91% | 1.12% | 1.28% | 1.37% |
| Rock Rapids | 0.80% | 0.91% | 1.21% | 1.28% | 1.37% |
| Rock Valley | 0.86% | 0.88% | 0.90% | 0.93% | 1.06% |
| Sheldon | 0.81% | 0.83% | 0.85% | 0.91% | 1.00% |
| Sibley | 0.84% | 0.86% | 0.87% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lyon County, Iowa
In Lyon County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lyon County Appraisal District. The assessed value, however, 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. Assessment notices in Lyon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Rock Valley has the highest median tax bill at $3,604, while Little Rock has the lowest at $1,162. Being aware of these valuation processes in Lyon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lyon County Assessed Value
$190,560
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyon County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | $65,430 | $91,552 | $165,660 | $319,475 | $511,865 |
| Ashton | $107,032 | $150,720 | $209,930 | $273,290 | $411,106 |
| Boyden | $211,084 | $216,310 | $225,020 | $233,730 | $238,956 |
| Doon | $83,475 | $131,902 | $217,620 | $311,488 | $429,500 |
| George | $45,042 | $76,330 | $136,270 | $230,010 | $376,252 |
| Hull | $175,706 | $266,500 | $415,660 | $544,080 | $687,116 |
| Inwood | $81,000 | $137,155 | $201,985 | $316,435 | $495,939 |
| Larchwood | $109,020 | $176,900 | $262,175 | $398,680 | $530,002 |
| Lester | $71,468 | $138,155 | $196,600 | $309,530 | $457,496 |
| Little Rock | $24,689 | $49,995 | $107,995 | $212,652 | $374,750 |
| Rock Rapids | $64,311 | $106,582 | $185,990 | $307,110 | $460,380 |
| Rock Valley | $171,084 | $300,205 | $429,340 | $623,640 | $727,770 |
| Sheldon | $134,850 | $163,658 | $303,990 | $358,952 | $472,426 |
| Sibley | $151,921 | $153,032 | $171,305 | $207,085 | $239,710 |
Source: Ownwell
Property Tax Bills Across Lyon County, Iowa
In Lyon County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The tax rate, applied to this assessed value, is influenced by various factors, such as local government budgets, school district funding requirements, and public services. For instance, homeowners in Lyon County pay between $1,129 and $4,328 in property taxes, depending on the value and location of their property. The median home price in the county is $190,560, with the median property tax rate slightly higher than the national median of 0.99%. Homeowners in Rock Valley experience the highest median tax bill at $3,604, while those in Little Rock see the lowest at $1,162. These variations highlight how local factors impact property tax bills, affecting homeowners' annual financial obligations. Understanding these elements can help residents anticipate their tax responsibilities and plan their finances accordingly.
Average Lyon County Tax Bill
$1,868
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyon County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvord | $597 | $898 | $1,470 | $2,664 | $4,376 |
| Ashton | $1,018 | $1,357 | $1,736 | $2,500 | $4,629 |
| Boyden | $1,668 | $1,674 | $1,685 | $1,696 | $1,702 |
| Doon | $808 | $1,342 | $2,044 | $3,035 | $4,008 |
| George | $472 | $764 | $1,265 | $2,048 | $3,584 |
| Hull | $1,502 | $2,766 | $3,290 | $6,049 | $7,476 |
| Inwood | $766 | $1,280 | $1,900 | $2,946 | $4,280 |
| Larchwood | $1,028 | $1,742 | $2,476 | $3,525 | $4,365 |
| Lester | $755 | $1,182 | $1,682 | $2,690 | $3,899 |
| Little Rock | $262 | $538 | $1,162 | $2,268 | $3,799 |
| Rock Rapids | $756 | $1,224 | $2,026 | $3,126 | $4,772 |
| Rock Valley | $1,265 | $2,608 | $3,604 | $4,478 | $7,463 |
| Sheldon | $1,179 | $1,542 | $2,702 | $3,255 | $4,001 |
| Sibley | $1,347 | $1,354 | $1,466 | $1,748 | $2,061 |
Source: Ownwell