Wapello, Louisa County, Iowa Property Taxes
Median Wapello, IA effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Wapello, IA home value: $118,515
Median annual Wapello, IA tax bill: $1,546, $854 lower than the national median property tax bill of $2,400.
How are property taxes in Louisa County calculated?
Property taxes in Wapello, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Wapello’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wapello, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wapello, Louisa County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$1,564
$1,452
Ownwell’s Wapello Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wapello with just two data points.
By entering your property's estimated assessed value, our calculator applies Wapello’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Louisa County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Wapello, Louisa County, Iowa
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wapello Tax Rate
1.32%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Louisa County Tax Rate
1.21%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wapello, Louisa County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52653 | 0.96% | 1.09% | 1.32% | 1.51% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Wapello, Louisa County, Iowa
When examining property taxes in Wapello, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Louisa County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Louisa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wapello. For example, the median home price in Wapello is $118,515, with tax bills ranging significantly across the county. Zip code 52653 has the highest median home price at $118,515.
Property Tax Assessment Values Across Wapello, Louisa County, Iowa
Source: Ownwell
$59,040
$196,768
$334,495
Median Wapello Market Value
$118,515
Median Louisa County Market Value
$108,425
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wapello, Louisa County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52653 | $31,700 | $70,298 | $118,515 | $182,445 | $287,160 |
Source: Ownwell
Property Tax Bills Across Wapello, Louisa County, Iowa
In Wapello, located in Louisa County, IA, property tax bills are determined based on the assessed value of a home, which is often a percentage of its market value. The median home price in Wapello stands at $118,515, influencing the overall tax bill homeowners can expect. The property tax rate in this region is crucial in calculating the final bill, which ranges from the 25th percentile at $940 to the 90th percentile at $3,376. These figures highlight a variation in tax burdens depending on property values and assessment practices. With the highest and lowest median tax bills both recorded at $1,546 in zip code 52653, it's clear that local assessments play a significant role in determining tax obligations.
Homeowners in Wapello can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual property assessments, Ownwell identifies opportunities for reductions, helping homeowners potentially save on their yearly tax bills. This service can be invaluable in ensuring that property taxes are fair and manageable.
Median Wapello Tax Bill
$1,546
Median Louisa County Tax Bill
$1,366
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Wapello, Louisa County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52653 | $439 | $940 | $1,546 | $2,368 | $3,376 |
Source: Ownwell