Lucas County, Iowa Property Taxes
Median Lucas County effective property tax rate: 1.47%, significantly higher than the national median of 1.02%.
Median Lucas County home value: $94,795
Median annual Lucas County tax bill: $1,460, $940 lower than the national median property tax bill of $2,400.
How are property taxes in Lucas County calculated?
Property taxes in Lucas County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Chariton or another part of Lucas County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lucas County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.47%
Estimate Property Tax Bill
$1,393
$1,293
Property Tax Rates Across Lucas County, Iowa
Local government entities determine tax rates, leading to significant variations within a state. Each county annually estimates its budget for services and divides it by the total assessed value of all taxable properties in its jurisdiction, resulting in the property tax rate. While the process involves votes and legal frameworks, this is essentially how annual property tax rates are established.
Lucas County's effective property tax rate stands at 1.47%, which is notably higher than the national median property tax rate of 1.02%. Within Iowa, Lucas County's rate is among the higher ones, with Chariton having the highest median tax rate at 1.58%. On the other hand, Williamson boasts the lowest median tax rate in the state at 0.92%. Comparing these figures can provide valuable insights for property owners and potential buyers, highlighting the importance of understanding local tax rates and their implications on property expenses. Whether you're considering an appeal or exemption, being informed about these rates can significantly impact financial decisions related to property ownership.
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 Lucas County Tax Rate
1.47%
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 Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lucas County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chariton | 0.83% | 1.18% | 1.58% | 2.01% | 2.39% |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Corydon | N/A | N/A | N/A | N/A | N/A |
| Derby | 0.50% | 1.03% | 1.31% | 1.68% | 2.11% |
| Humeston | 1.02% | 1.09% | 1.46% | 1.54% | 1.72% |
| Lacona | 0.91% | 1.10% | 1.46% | 1.62% | 1.81% |
| Lucas | 0.72% | 1.07% | 1.35% | 1.69% | 2.17% |
| Melrose | 0.52% | 0.71% | 1.30% | 1.56% | 1.86% |
| Russell | 0.58% | 0.98% | 1.28% | 1.62% | 1.95% |
| Williamson | 0.39% | 0.74% | 0.92% | 1.24% | 1.79% |
| Woodburn | 1.07% | 1.15% | 1.28% | 1.48% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Lucas County, Iowa
When examining property taxes in Lucas County, 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 Lucas County Assessor 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.
Assessment notices:
In Lucas 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 Lucas County. For example, the median tax bill in Lucas County is $1,241, with tax bills ranging significantly across the county. Humeston has the highest median home price at $166,974.
Median Lucas County Market Value
$94,795
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lucas County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chariton | $17,024 | $56,499 | $101,678 | $162,942 | $229,467 |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Corydon | N/A | N/A | N/A | N/A | N/A |
| Derby | $3,597 | $8,704 | $63,413 | $128,108 | $219,791 |
| Humeston | $119,282 | $136,526 | $166,974 | $177,348 | $245,172 |
| Lacona | $62,730 | $101,876 | $155,645 | $201,528 | $259,222 |
| Lucas | $3,140 | $10,424 | $70,170 | $143,093 | $239,794 |
| Melrose | $65,695 | $94,468 | $157,150 | $181,658 | $220,704 |
| Russell | $9,270 | $45,269 | $95,199 | $151,724 | $215,462 |
| Williamson | $2,289 | $3,901 | $10,046 | $34,320 | $57,371 |
| Woodburn | $86,782 | $107,682 | $136,176 | $217,034 | $234,495 |
Source: Ownwell
Property Tax Bills Across Lucas County, Iowa
Median Lucas County Tax Bill
$1,460
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Lucas County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chariton | $216 | $712 | $1,666 | $2,747 | $3,892 |
| Columbia | N/A | N/A | N/A | N/A | N/A |
| Corydon | N/A | N/A | N/A | N/A | N/A |
| Derby | $28 | $88 | $824 | $1,738 | $3,062 |
| Humeston | $1,264 | $1,526 | $2,255 | $2,932 | $3,743 |
| Lacona | $726 | $1,510 | $2,308 | $3,010 | $3,695 |
| Lucas | $26 | $112 | $1,106 | $2,180 | $3,555 |
| Melrose | $429 | $910 | $1,677 | $2,660 | $3,262 |
| Russell | $118 | $398 | $1,112 | $2,103 | $3,110 |
| Williamson | $18 | $28 | $70 | $333 | $717 |
| Woodburn | $830 | $1,165 | $2,190 | $2,943 | $3,242 |
Source: Ownwell