Harris, Iowa Property Taxes
The median property tax rate in Harris, Iowa is 1.06%, 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 Harris at $93,655, the typical annual property tax bill amounts to $962, falling below the national median of $2,690. Property taxes in Harris are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Harris'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 Harris 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
Harris, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$993
Ownwell’s Harris Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Harris with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Harris to provide an accurate estimate of your property tax bill. This invaluable tool helps you grasp potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Harris, Iowa
Property taxes in Harris, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harris is 1.06%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Harris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harris 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 Harris's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51345 zip code has the highest median property tax rate of 1.06%, while the 51345 zip code has the lowest median tax rate of 1.06%. Understanding how these cities compare with Harris provides valuable insights into the varying tax landscape across Osceola, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harris Tax Rate
1.06%
Average Osceola County Tax Rate
1.21%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harris, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51345 | 0.72% | 0.80% | 1.06% | 1.34% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Harris, Iowa
In Harris, 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 Osceola County Appraisal District 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 Harris, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, Harris boasts some of the most consistent property tax bills in the region, with a median tax bill of $962 in the zip code 51345. Being aware of these valuation processes in Harris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harris Assessed Value
$93,655
Average Osceola County Assessed Value
$99,340
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harris, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51345 | $19,494 | $51,538 | $93,655 | $158,565 | $255,663 |
Source: Ownwell
Property Tax Bills Across Harris, Iowa
In Harris, Osceola County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Harris is $93,655. Property tax rates in this area are influenced by local government budgets and the funding needs of public services such as schools and emergency services. Homeowners can expect varying tax bills, with the 25th percentile being $539 and the 75th percentile reaching up to $1,623. For those in the 90th percentile, tax bills can go as high as $2,372. These figures demonstrate a significant range, reflecting the different property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Harris's property tax rates can have a considerable impact on homeowners, potentially affecting their annual financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Harris Tax Bill
$962
Average Osceola County Tax Bill
$1,157
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Harris, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51345 | $208 | $539 | $962 | $1,623 | $2,372 |
Source: Ownwell