Lowden, Cedar County, Iowa Property Taxes
The median property tax rate in Lowden, IA is 1.28%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $126,060 in Lowden, the typical annual property tax bill amounts to $1,602, which is below the national median of $2,690. Property taxes in Lowden are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding the property tax system in Lowden, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lowden or another part of Cedar County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowden, Cedar County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,614
$1,497
Ownwell’s Lowden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowden 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 Lowden, Cedar County, Iowa
Property taxes in Lowden, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowden is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lowden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowden 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 Lowden's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52255 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Lowden provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lowden Tax Rate
1.28%
Average Cedar County Tax Rate
1.28%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowden, Cedar County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | 0.98% | 1.15% | 1.28% | 1.40% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Lowden, Cedar County, Iowa
In Lowden, 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 Cedar County Assessor's Office 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 Lowden, 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. With a median home price of $126,060, property tax bills in Lowden range from $1,167 at the 25th percentile to $3,142 at the 90th percentile. The highest and lowest median tax bills both stand at $1,602 in the 52255 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lowden, Cedar County, Iowa
Source: Ownwell
$107,830
$208,235
$308,640
Average Lowden Assessed Value
$126,060
Average Cedar County Assessed Value
$186,910
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lowden, Cedar County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | $57,354 | $90,940 | $126,060 | $195,430 | $263,656 |
Source: Ownwell
Property Tax Bills Across Lowden, Cedar County, Iowa
In Lowden, Cedar 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 property tax rate to determine the annual tax bill. Factors such as the home's size, age, location, and any improvements or renovations can influence its assessed value. For instance, the median home price in Lowden is $126,060, and the property tax rate in Cedar County is 1.27%, higher than the national median of 0.99%. Homeowners in Lowden can expect tax bills that vary significantly. For example, the 25th percentile tax bill is $1,167, while the 75th percentile tax bill rises to $2,280. At the 90th percentile, homeowners might see tax bills as high as $3,142. These property tax bills can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined and explore potential exemptions or appeals to manage their expenses effectively.
Average Lowden Tax Bill
$1,602
Average Cedar County Tax Bill
$2,390
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowden, Cedar County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52255 | $741 | $1,167 | $1,602 | $2,280 | $3,142 |
Source: Ownwell