Lawler, Iowa Property Taxes
The median property tax rate in Lawler, IA is 1.13%, which is 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 $189,470, the typical annual property tax bill amounts to $2,056, slightly 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 various exemptions such as 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 the city, 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
$2,141
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, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawler is 1.13%, which is significantly higher than 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 regions in Iowa and the national median. For comparison, the highest and lowest median property tax rates in the region are both 1.13%, found in the zip code 52154. Understanding how these rates compare with Lawler provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawler Tax Rate
1.13%
Average Howard County Tax Rate
1.43%
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 | 0.84% | 1.03% | 1.13% | 1.25% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Lawler, Iowa
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Lawler, Iowa. 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 Howard 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. Assessment notices in Lawler 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 Lawler is $189,470, with tax bills ranging from $1,252 at the 25th percentile to $3,448 at the 90th percentile. The zip code 52154 has the highest and lowest median tax bill at $2,056. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined.
Average Lawler Assessed Value
$189,470
Average Howard County Assessed Value
$120,780
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 | $74,410 | $114,125 | $189,470 | $226,318 | $276,510 |
Source: Ownwell
Property Tax Bills Across Lawler, Iowa
In Lawler, located in Howard County, IA, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Homeowners in Lawler can expect their property tax bills to fall within a range, depending on their property's assessed value and specific local tax rates. For instance, the median home price in Lawler is $189,470. Property tax bills for these homes can vary significantly. At the 25th percentile, homeowners might see a tax bill of around $1,252, while those at the 75th percentile could face bills closer to $2,398. At the higher end, the 90th percentile tax bill reaches approximately $3,448. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Lawler's property tax rates reflect the community's specific needs and economic conditions.
Average Lawler Tax Bill
$2,056
Average Howard County Tax Bill
$1,672
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 | $707 | $1,252 | $2,056 | $2,398 | $3,448 |
Source: Ownwell