Rock Valley, Lyon County, Iowa Property Taxes
Median ROCK VALLEY, IA effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median ROCK VALLEY, IA home value: $429,340
Median annual ROCK VALLEY, IA tax bill: $3,604, $1,204 higher than the national median property tax bill of $2,400.
How are property taxes in Lyon calculated?
Property taxes in ROCK VALLEY, 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 ROCK VALLEY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ROCK VALLEY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rock Valley, Lyon County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$3,864
$3,586
Ownwell’s Rock Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rock Valley with just two data points.
By entering your property's estimated assessed value, our calculator applies Rock Valley’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 Lyon County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Rock Valley, Lyon County, Iowa
Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Rock Valley, located in Lyon County, Iowa, the effective property tax rate stands at 0.90%. This rate is notably lower than the national median property tax rate of 1.02%. Such a competitive rate can be a significant factor for property owners when considering the financial implications of their real estate investments. Compared to other cities within Iowa, Rock Valley offers an attractive property tax rate, making it an appealing option for those seeking lower property tax burdens. Understanding these local tax rates is crucial for homeowners and potential buyers to make informed decisions about their property investments.
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 Rock Valley Tax Rate
0.90%
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 Lyon County Tax Rate
1.03%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rock Valley, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51247 | 0.86% | 0.88% | 0.90% | 0.93% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Rock Valley, Lyon County, Iowa
When examining property taxes in Rock Valley, 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 Lyon County Assessor's Office 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 Lyon 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 Rock Valley.
For example, the median home price in Rock Valley is $429,340, with tax bills ranging significantly across the county. 51247 has the highest median home price at $429,340.
Property Tax Assessment Values Across Rock Valley, Lyon County, Iowa
Source: Ownwell
$107,995
$268,668
$429,340
Median Rock Valley Market Value
$429,340
Median Lyon County Market Value
$190,560
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rock Valley, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51247 | $171,084 | $300,205 | $429,340 | $623,640 | $727,770 |
Source: Ownwell
Property Tax Bills Across Rock Valley, Lyon County, Iowa
In Rock Valley, located in Lyon County, Iowa, property tax bills are determined based on the assessed value of a home. This assessed value is influenced by factors such as the property's location, size, and condition. The median home price in this area is $429,340, which serves as a benchmark for calculating property taxes. Tax bills can vary significantly, with the 25th percentile at $2,608 and the 75th percentile at $4,478, reflecting differences in property values and assessments. The highest median tax bill in the region is $3,604, which aligns with the national median property tax bill of $2,400, indicating that homeowners in Rock Valley may face higher-than-average tax obligations.
Homeowners in Rock Valley can benefit from Ownwell's property tax appeal services. By analyzing individual property assessments and comparing them with market trends, Ownwell helps identify potential overvaluations. This can lead to successful tax appeals, ultimately reducing tax bills. With expertise in local tax regulations, Ownwell provides valuable support to homeowners seeking to lower their property tax expenses.
Median Rock Valley Tax Bill
$3,604
Median Lyon County Tax Bill
$1,868
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Rock Valley, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51247 | $1,265 | $2,608 | $3,604 | $4,478 | $7,463 |
Source: Ownwell