Harlan, Iowa Property Taxes
The median property tax rate in Harlan, IA is 1.53%, slightly lower than the Iowa state median of 1.54% but still higher than the national median of 0.99%. With a median home value of $150,484, the typical annual property tax bill in Harlan is $2,286, which is below the national median of $2,690. Property taxes in Harlan are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Harlan'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 Harlan 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
Harlan, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,302
Ownwell’s Harlan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harlan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harlan 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 Harlan, Iowa
Property taxes in Harlan, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harlan is 1.53%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Harlan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harlan 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 Harlan's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 51537 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these figures compare with Harlan provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harlan Tax Rate
1.53%
Average Shelby County Tax Rate
1.30%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harlan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51537 | 1.01% | 1.30% | 1.53% | 1.66% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Harlan, Iowa
In Harlan, 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 Shelby 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 Harlan, 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. Being aware of these valuation processes in Harlan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harlan is $2,286, found in the 51537 zip code, while the lowest median tax bill is also $2,286, in the same zip code.
Average Harlan Assessed Value
$150,484
Average Shelby County Assessed Value
$144,278
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harlan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51537 | $29,969 | $91,362 | $150,484 | $224,677 | $362,416 |
Source: Ownwell
Property Tax Bills Across Harlan, Iowa
In Harlan, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value typically reflects a percentage of the property's market value. In Shelby County, this assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements or renovations. For instance, the median home price in Harlan is $150,484. Homeowners in the 25th percentile can expect a tax bill around $1,572, while those in the 75th percentile might see bills closer to $3,308. The top 10% of homeowners could face tax bills as high as $4,656. These property taxes fund essential services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated helps in budgeting and financial planning, ensuring they are prepared for their annual tax obligations.
Average Harlan Tax Bill
$2,286
Average Shelby County Tax Bill
$2,060
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Harlan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51537 | $970 | $1,572 | $2,286 | $3,308 | $4,656 |
Source: Ownwell