George, Lyon County, Iowa Property Taxes

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

Median GEORGE, IA effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median GEORGE, IA home value: $136,270
Median annual GEORGE, IA tax bill: $1,265, $1,135 lower than the national median property tax bill of $2,400.

How are property taxes in Lyon calculated?

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

Last Updated March 1, 2025

George, Lyon County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,634

$1,516

Ownwell’s George Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in George with just two data points. By entering your property's estimated assessed value, our calculator applies George’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 George, Lyon County, Iowa

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county 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, in a nutshell, this is the annual process. Below, you can compare George’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.

Property Tax Rates Across George, Lyon County, Iowa

Source: Ownwell

0.92%

1.10%

1.27%

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 George Tax Rate

1.18%

Median Effective Lyon County Tax Rate

1.17%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across George, Lyon County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
51237	0.83%	0.93%	1.18%	1.31%	1.37%

Source: Ownwell

Property Tax Assessment Values Across George, Lyon County, Iowa

When examining property taxes in George, Iowa, 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 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 George.

For example, the median home price in George is $136,270, with tax bills ranging significantly across the county. Zip code 51237 has the highest median home price at $136,270.

Property Tax Assessment Values Across George, Lyon County, Iowa

Source: Ownwell

$110,830

$270,085

$429,340

Median George Market Value

$138,450

Median Lyon County Market Value

$194,140

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across George, Lyon County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
51237	$46,830	$78,675	$138,450	$235,350	$380,904

Source: Ownwell

Property Tax Bills Across George, Lyon County, Iowa

In George, located in Lyon County, Iowa, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $136,270. Homeowners in George typically pay property tax bills that vary widely, with the 25th percentile at $764 and the 75th percentile at $2,048. At the 90th percentile, tax bills can reach as high as $3,584. The median tax bill in the region is $1,265, which is below the national median of $2,400. Factors such as property improvements and local tax rates significantly influence these bills. For homeowners, this can mean a substantial financial burden, especially if their property's assessed value increases. Ownwell offers specialized services to help homeowners in George reduce their property tax bills by appealing assessments and identifying applicable exemptions. By leveraging local expertise, Ownwell ensures that homeowners only pay their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across George, Lyon County, Iowa

Source: Ownwell

$1,178

$2,883

$4,588

Median George Tax Bill

$1,482

Median Lyon County Tax Bill

$2,154

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across George, Lyon County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
51237	$542	$894	$1,482	$2,388	$3,932

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Lyon Tax Assessor
Website	beacon.schneidercorp.com