Lidderdale, Iowa Property Taxes
The median property tax rate in Lidderdale, IA is 0.90%, which is lower than both the national median of 0.99% and Iowa's state median of 1.54%. With a median home value of $97,160 in Lidderdale, the typical annual property tax bill comes to $854, falling well below the national median of $2,690. Property taxes in Lidderdale are calculated based on the tax assessed value, which often is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lidderdale'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 Lidderdale or another part of Carroll County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lidderdale, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$874
Ownwell’s Lidderdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lidderdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lidderdale 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 Lidderdale, Iowa
Property taxes in Lidderdale, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lidderdale is 1.38%, significantly higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Lidderdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lidderdale 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 Lidderdale's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51452 zip code has the highest median property tax rate of 1.38%, while the 51452 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Lidderdale provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lidderdale Tax Rate
0.90%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lidderdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51452 | 0.64% | 0.80% | 0.90% | 1.03% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lidderdale, Iowa
In Lidderdale, 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 Carroll 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 Lidderdale, 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. For example, the highest median tax bill in the area is $854 in the 51452 zip code. 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 Lidderdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lidderdale Assessed Value
$97,160
Average Carroll County Assessed Value
$153,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lidderdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51452 | $29,024 | $71,480 | $97,160 | $125,010 | $175,860 |
Source: Ownwell
Property Tax Bills Across Lidderdale, Iowa
In Lidderdale, located in Carroll County, IA, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Lidderdale, the median home price is $97,160. Property tax bills can vary significantly, with the 25th percentile at $590 and the 75th percentile reaching $1,156. At the 90th percentile, homeowners might pay as much as $1,642 annually. These figures highlight the range of property tax expenses that homeowners might face, depending on the assessed value of their homes and specific local tax rates. Understanding these factors is crucial for homeowners as they impact annual expenses and overall affordability. Compared to the national median property tax rate of 0.99%, Lidderdale's property tax rates provide a clear perspective on local tax burdens.
Average Lidderdale Tax Bill
$854
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lidderdale, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51452 | $226 | $590 | $854 | $1,156 | $1,642 |
Source: Ownwell