Harper, Iowa Property Taxes
The median property tax rate in Harper, IA is 1.14%, which is higher than the national median of 0.99% yet lower than the Iowa state median of 1.54%. With a median home value of $138,556 in Harper, the typical annual property tax bill amounts to $1,574, falling below the national median of $2,690. Property taxes in Harper are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Harper'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 Harper or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harper, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,580
Ownwell’s Harper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harper 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 Harper, Iowa
Property taxes in Harper, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harper is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harper set these rates annually, and they can vary across different neighborhoods. Each year, Harper 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 Harper's effective property tax rate to other areas and the national median. For comparison, the zip code 52231 has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Harper provides valuable insights into the varying tax landscape across Keokuk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harper Tax Rate
1.14%
Average Keokuk County Tax Rate
1.25%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harper, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52231 | 0.94% | 1.02% | 1.14% | 1.23% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Harper, Iowa
In Harper, 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 Keokuk 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 Harper, 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, in Harper, the median home price stands at $138,556, with the 25th percentile tax bill at $936 and the 75th percentile tax bill at $2,650. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harper Assessed Value
$138,556
Average Keokuk County Assessed Value
$102,671
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harper, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52231 | $44,596 | $81,139 | $138,556 | $229,540 | $342,628 |
Source: Ownwell
Property Tax Bills Across Harper, Iowa
In Harper, located in Keokuk County, IA, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in Harper is $138,556. Property taxes are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $936, while at the 75th percentile, it rises to $2650. Homeowners at the 90th percentile face a tax bill of $4004. The property tax rate in Harper is relatively high compared to the national median property tax rate of 0.99%. This higher rate can significantly impact homeowners, especially those with higher-valued properties. The highest and lowest median tax bills in the area both stand at $1574, indicating a consistent tax structure within the specific zip code 52231. Understanding these factors can help homeowners in Harper better anticipate their annual property tax obligations and plan their finances accordingly.
Average Harper Tax Bill
$1,574
Average Keokuk County Tax Bill
$1,284
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Harper, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52231 | $435 | $936 | $1,574 | $2,650 | $4,004 |
Source: Ownwell