Harpers Ferry, Iowa Property Taxes
The median property tax rate in Harpers Ferry, IA is 1.08%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $146,900 in Harpers Ferry, the typical annual property tax bill amounts to $1,568, which is below the national median of $2,690. Property taxes in Harpers Ferry are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Harpers Ferry'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 Harpers Ferry or another part of Allamakee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harpers Ferry, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,587
Ownwell’s Harpers Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harpers Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harpers Ferry 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 Harpers Ferry, Iowa
Property taxes in Harpers Ferry, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harpers Ferry is 1.08%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Harpers Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harpers Ferry 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 Harpers Ferry's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52146 zip code has the highest median property tax rate of 1.08%, while the 52146 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Harpers Ferry provides valuable insights into the varying tax landscape across Allamakee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harpers Ferry Tax Rate
1.08%
Average Allamakee County Tax Rate
1.22%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harpers Ferry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52146 | 0.88% | 0.97% | 1.08% | 1.19% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Harpers Ferry, Iowa
In Harpers Ferry, 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 Allamakee 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 Harpers Ferry, 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 Harpers Ferry is $146,900, with tax bills ranging from $426 at the 25th percentile to $3,737 at the 90th percentile. 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 Harpers Ferry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harpers Ferry Assessed Value
$146,900
Average Allamakee County Assessed Value
$156,300
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harpers Ferry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52146 | $3,200 | $35,200 | $146,900 | $250,650 | $357,880 |
Source: Ownwell
Property Tax Bills Across Harpers Ferry, Iowa
In Harpers Ferry, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Allamakee County assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors that influence the tax bill include the property's location, size, and any improvements made. For homeowners in Harpers Ferry, the tax bill can vary significantly. For instance, at the 25th percentile, the tax bill is around $426, while at the 75th percentile, it rises to approximately $2,706. The 90th percentile tax bill can reach up to $3,737. Compared to the national median property tax rate of 0.99%, Harpers Ferry homeowners experience a range of tax bills depending on individual property assessments. This variability can impact homeowners' financial planning, making it essential to understand how local property taxes are determined and managed.
Average Harpers Ferry Tax Bill
$1,568
Average Allamakee County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Harpers Ferry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52146 | $42 | $426 | $1,568 | $2,706 | $3,737 |
Source: Ownwell