Louisa County Property Taxes
The median property tax rate in Louisa County is 1.21%, 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 $108,425, the typical annual property tax bill in Louisa County amounts to $1,366, which is below the national median of $2,690. Property taxes in Louisa County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Louisa County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Wapello or another part of Louisa County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louisa County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,312
Ownwell’s Louisa County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Louisa County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Louisa County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Louisa County, Iowa
Property taxes in Louisa County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Louisa County is 1.21%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Louisa County set these rates annually, and they can vary significantly between different areas within the county. Each year, Louisa County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Oakville has one of the higher property tax rates in Iowa at 1.36%, while the city of Riverside boasts one of the lowest at 0.94%. Analyzing how Louisa County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Louisa County Tax Rate
1.21%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | 0.82% | 0.89% | 0.96% | 1.02% | 1.18% |
| Columbus City | 0.76% | 1.04% | 1.19% | 1.32% | 1.45% |
| Columbus Jct | 1.04% | 1.08% | 1.26% | 1.43% | 1.47% |
| Columbus Junction | 0.87% | 0.98% | 1.18% | 1.48% | 1.60% |
| Conesville | 0.77% | 0.89% | 0.97% | 1.06% | 1.21% |
| Cotter | N/A | N/A | N/A | N/A | N/A |
| Crawfordsville | 0.89% | 1.05% | 1.16% | 1.39% | 1.46% |
| Fredonia | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
| Grandview | 0.92% | 1.08% | 1.21% | 1.31% | 1.42% |
| Letts | 0.92% | 0.99% | 1.15% | 1.36% | 1.55% |
| Lone Tree | 0.74% | 0.98% | 1.08% | 1.14% | 1.25% |
| Mediapolis | 0.95% | 1.05% | 1.12% | 1.31% | 1.36% |
| Morning Sun | 0.99% | 1.13% | 1.33% | 1.49% | 1.64% |
| Muscatine | N/A | N/A | N/A | N/A | N/A |
| Oakville | 0.92% | 1.18% | 1.36% | 1.67% | 2.21% |
| Riverside | 0.71% | 0.79% | 0.94% | 1.04% | 1.17% |
| Wapello | 0.96% | 1.09% | 1.32% | 1.51% | 1.70% |
| Winfield | 0.89% | 1.02% | 1.16% | 1.37% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Louisa County, Iowa
In Louisa County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Louisa County Appraisal District. The assessed value, however, 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. Assessment notices in Louisa County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Cities in Louisa County show a wide range in tax bills, with Lone Tree having the highest median tax bill at $3,562 and Columbus Junction the lowest at just $174. Being aware of these valuation processes in Louisa County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Louisa County Assessed Value
$108,425
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | $131,890 | $148,030 | $173,540 | $279,380 | $440,426 |
| Columbus City | $19,052 | $41,180 | $76,300 | $110,160 | $142,242 |
| Columbus Jct | $9,048 | $11,910 | $16,070 | $62,130 | $72,042 |
| Columbus Junction | $20,658 | $61,000 | $116,380 | $178,360 | $270,359 |
| Conesville | $37,635 | $98,960 | $156,010 | $240,598 | $314,058 |
| Cotter | N/A | N/A | N/A | N/A | N/A |
| Crawfordsville | $34,685 | $69,728 | $134,795 | $202,425 | $312,650 |
| Fredonia | $9,202 | $10,375 | $12,330 | $44,900 | $64,442 |
| Grandview | $28,830 | $69,400 | $108,660 | $149,600 | $188,080 |
| Letts | $44,146 | $84,260 | $139,000 | $229,430 | $327,240 |
| Lone Tree | $125,729 | $170,982 | $334,495 | $422,958 | $520,117 |
| Mediapolis | $132,556 | $140,325 | $213,890 | $373,485 | $503,104 |
| Morning Sun | $30,126 | $56,532 | $93,775 | $163,295 | $276,529 |
| Muscatine | N/A | N/A | N/A | N/A | N/A |
| Oakville | $1,298 | $6,570 | $59,040 | $97,360 | $177,500 |
| Riverside | $168,758 | $216,425 | $271,510 | $325,515 | $361,838 |
| Wapello | $31,700 | $70,298 | $118,515 | $182,445 | $287,160 |
| Winfield | $88,800 | $133,990 | $167,930 | $234,868 | $323,450 |
Source: Ownwell
Property Tax Bills Across Louisa County, Iowa
Property tax bills in Louisa County, IA, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including property type, location, and any applicable exemptions. For instance, the median home price in Louisa County is $108,425, and the tax bills vary widely, reflecting the disparities in property values and tax rates. Homeowners in Louisa County can expect their tax bills to range significantly. For example, the 25th percentile tax bill is $714, while the 75th percentile tax bill is $2,164. At the higher end, the 90th percentile tax bill reaches $3,118. These variations highlight how property values and local tax rates impact the financial obligations of homeowners. In comparison, the highest median tax bill in the county is $3,562 in Lone Tree, whereas Columbus Junction has the lowest median tax bill at $174, demonstrating the broad spectrum of tax burdens within the county.
Average Louisa County Tax Bill
$1,366
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisa County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | $1,174 | $1,546 | $1,908 | $2,836 | $4,306 |
| Columbus City | $210 | $432 | $875 | $1,312 | $1,782 |
| Columbus Jct | $103 | $150 | $174 | $932 | $1,048 |
| Columbus Junction | $384 | $826 | $1,452 | $2,250 | $3,127 |
| Conesville | $368 | $868 | $1,514 | $2,267 | $2,989 |
| Cotter | N/A | N/A | N/A | N/A | N/A |
| Crawfordsville | $333 | $782 | $1,577 | $2,015 | $3,293 |
| Fredonia | $950 | $950 | $950 | $950 | $950 |
| Grandview | $344 | $797 | $1,272 | $1,790 | $2,281 |
| Letts | $570 | $1,134 | $1,698 | $2,470 | $3,341 |
| Lone Tree | $932 | $1,603 | $3,562 | $4,684 | $5,884 |
| Mediapolis | $1,239 | $1,545 | $2,416 | $4,433 | $6,321 |
| Morning Sun | $368 | $738 | $1,261 | $1,954 | $2,965 |
| Muscatine | N/A | N/A | N/A | N/A | N/A |
| Oakville | $24 | $307 | $834 | $1,529 | $2,680 |
| Riverside | $1,541 | $1,799 | $2,806 | $3,217 | $3,768 |
| Wapello | $439 | $940 | $1,546 | $2,368 | $3,376 |
| Winfield | $926 | $1,480 | $2,164 | $2,634 | $3,710 |
Source: Ownwell