Owasa, Hardin County, Iowa Property Taxes

Name: Property Tax Bills Across Owasa, Hardin County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median OWASA, IA effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median OWASA, IA home value: $5,860
Median annual OWASA, IA tax bill: $134, $2,266 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin calculated?

Property taxes in OWASA, 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 OWASA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OWASA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Owasa, Hardin County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$79

$73

Ownwell’s OWASA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in OWASA with just two data points. By entering your property's estimated assessed value, our calculator applies OWASA’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 Hardin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Owasa, Hardin County, Iowa

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. In OWASA, located in Hardin County, Iowa, the effective property tax rate is a crucial figure for homeowners to consider. The median property tax rate in Iowa is 1.43%, which is higher than the national median of 1.02%. However, OWASA's rate stands out as particularly significant within the state. When compared to other cities in Iowa, OWASA's rate is above the state median, making it essential for property owners to understand how their tax bills are calculated. By staying informed, homeowners can better manage their financial responsibilities and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Owasa, Hardin County, Iowa

Source: Ownwell

1.15%

1.56%

1.97%

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 Owasa Tax Rate

1.67%

Median Effective Hardin County Tax Rate

1.59%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owasa, Hardin County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50126	1.67%	1.67%	1.67%	1.68%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Owasa, Hardin County, Iowa

When examining property taxes in OWASA, 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 Hardin 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.

In Hardin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 OWASA. For example, the median home price in OWASA is $5,860, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Owasa, Hardin County, Iowa

Source: Ownwell

$4,715

$58,498

$112,280

Median Owasa Market Value

$4,715

Median Hardin County Market Value

$93,330

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owasa, Hardin County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50126	$1,937	$2,930	$4,715	$7,782	$8,150

Source: Ownwell

Property Tax Bills Across Owasa, Hardin County, Iowa

In OWASA, located in Hardin County, IA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the property tax bill. For homeowners in OWASA, the median home price is $5,860, leading to varying tax bills across different percentiles. For instance, the 25th percentile sees a tax bill of $54, while the 75th percentile is at $170, and the 90th percentile reaches $177. These figures are significantly lower than the national median property tax bill of $2,400, reflecting the region's more modest property values. Despite these lower figures, property taxes can still affect homeowners' budgets. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it's fair, Ownwell can help reduce your tax burden, potentially saving you money and easing the financial impact of property taxes.

Property Tax Bills Across Owasa, Hardin County, Iowa

Source: Ownwell

$98

$877

$1,656

Median Owasa Tax Bill

$98

Median Hardin County Tax Bill

$1,468

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Owasa, Hardin County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50126	$52	$60	$98	$132	$139

Source: Ownwell