Lohrville, Carroll County, Iowa Property Taxes
The median property tax rate in Lohrville, IA is 1.07%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $147,525, the typical annual property tax bill in Lohrville is $1,532, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Navigating Lohrville's property tax system, exploring exemptions, and seeking opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Lohrville or another part of Carroll County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Lohrville, Carroll County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,579
$1,465
Ownwell’s Lohrville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lohrville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lohrville 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 Lohrville, Carroll County, Iowa
Property taxes in Lohrville, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lohrville is 1.07%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Lohrville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lohrville 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 Lohrville's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51453 zip code has the highest median property tax rate of 1.07%, while the 51453 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Lohrville 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 Lohrville Tax Rate
1.07%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lohrville, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51453 | 0.96% | 1.02% | 1.07% | 1.12% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Lohrville, Carroll County, Iowa
In Lohrville, 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 Lohrville, 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 Lohrville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Lohrville is 51453 at $1,532, which is above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Lohrville, Carroll County, Iowa
Source: Ownwell
$33,445
$121,328
$209,210
Average Lohrville Assessed Value
$147,525
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 Lohrville, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51453 | $88,377 | $127,628 | $147,525 | $166,222 | $229,236 |
Source: Ownwell
Property Tax Bills Across Lohrville, Carroll County, Iowa
In Lohrville, Carroll 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 tax bill. For instance, with a median home price of $147,525, homeowners can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $1,236, while at the 75th percentile, it rises to $2,006. The 90th percentile sees tax bills reaching up to $2,468. Several factors influence the property tax bill, including the property’s market value, local tax rates, and any applicable exemptions. These taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Lohrville's property taxes can have a notable impact on homeowners, influencing both monthly budgeting and long-term financial planning. Understanding these factors is crucial for property owners to anticipate their tax obligations accurately.
Average Lohrville Tax Bill
$1,532
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lohrville, Carroll County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51453 | $935 | $1,236 | $1,532 | $2,006 | $2,468 |
Source: Ownwell