Lawler, Iowa Property Taxes
The median property tax rate in Lawler, IA is 1.13%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Lawler at $144,000, the typical annual property tax bill reaches $1,561, which is below the national median of $2,690. Property taxes in Lawler are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lawler'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 Lawler or another part of Chickasaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawler, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,627
Ownwell’s Lawler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawler 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 Lawler, Iowa
Property taxes in Lawler, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawler is 1.13%, which surpasses both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Lawler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawler 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 Lawler's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52154 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Lawler provides valuable insights into the varying tax landscape across Chickasaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawler Tax Rate
1.13%
Average Chickasaw County Tax Rate
1.19%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawler, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52154 | 0.93% | 1.03% | 1.13% | 1.25% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Lawler, Iowa
In Lawler, 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 Chickasaw 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 Lawler, 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 instance, the median home price in Lawler is $144,000, with tax bills ranging from $985 at the 25th percentile to $4,249 at the 90th percentile. The highest and lowest median tax bill both stand at $1,561 in the 52154 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 Lawler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lawler Assessed Value
$144,000
Average Chickasaw County Assessed Value
$150,300
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawler, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52154 | $25,500 | $80,900 | $144,000 | $242,400 | $359,000 |
Source: Ownwell
Property Tax Bills Across Lawler, Iowa
In Lawler, located in Chickasaw County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements made to the property. For homeowners in Lawler, the property tax rate can significantly impact their annual expenses. The median home price in the area is $144,000, and the tax bills can range widely. For instance, at the 25th percentile, the tax bill is approximately $985, while at the 75th percentile, it rises to $2,788. At the 90th percentile, some homeowners might see tax bills as high as $4,249. Comparatively, the national median property tax rate is 0.99%, meaning Lawler's homeowners may experience varying degrees of financial impact based on their specific property assessments and local rates.
Average Lawler Tax Bill
$1,561
Average Chickasaw County Tax Bill
$1,710
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawler, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52154 | $471 | $985 | $1,561 | $2,788 | $4,249 |
Source: Ownwell