Larchwood, Lyon County, Iowa Property Taxes
Property Taxes in Larchwood, Iowa
Median Larchwood, Iowa effective property tax rate: 1.12%, significantly lower than the national median of 1.02%, and lower than the Iowa state median of 1.55%.
Median Larchwood, Iowa home value: $270,495
Median annual Larchwood, Iowa tax bill: $2,890, $490 higher than the national median property tax bill of $2,400.
How are property taxes in Lyon County calculated?
Property taxes in Larchwood, Iowa 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 Larchwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Larchwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Larchwood, Lyon County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$3,030
$2,811
How Does the Larchwood Property Tax Calculator Work?
Use this Larchwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Larchwood's median effective tax rate of 1.12% — based on actual property records in Lyon County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Larchwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Larchwood: rates range from 1.12% in 51241 to 1.12% in 51241, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Larchwood.
About Larchwood Property Taxes
About Property Taxes in Larchwood, Lyon, Iowa
Larchwood’s median effective property tax rate of 1.12% is lower than the Iowa state median of 1.55% and higher than the national median of 1.02%. This rate reflects the Lyon County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Larchwood. Homeowners in the 51241 ZIP code carry a median effective rate of 1.12%, while those in the same ZIP code pay 1.12%. This spread reflects how school district boundaries and local assessment districts are drawn across Lyon County. Understanding which part of Larchwood you live in can make a meaningful difference to your annual tax bill.
Larchwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Larchwood, Lyon County, Iowa
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Larchwood's effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.
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 Larchwood Tax Rate
1.12%
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
1.17%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Larchwood, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51241 | 0.90% | 0.93% | 1.12% | 1.24% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Larchwood, Lyon County, Iowa
When examining property taxes in Larchwood, 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 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.
Assessment notices:
In Lyon County, assessment notices are sent in April 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 Larchwood.
For example, the median home price in Larchwood is $270,495, with tax bills ranging significantly across the county. 51241 has the highest median home price at $270,495.
Property Tax Assessment Values Across Larchwood, Lyon County, Iowa
Source: Ownwell
$110,830
$270,085
$429,340
Median Larchwood Market Value
$270,495
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 Larchwood, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51241 | $117,772 | $179,728 | $270,495 | $406,032 | $539,590 |
Source: Ownwell
Property Tax Bills Across Larchwood, Lyon County, Iowa
Property tax bills in Larchwood are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value, and the final bill can vary depending on exemptions, levies, and other local factors.
For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessment may reduce what is owed. In Larchwood, the median home price is $270,495, and the median tax bill is $2,890, which is above the national median property tax bill of $2,400. Bills in the area also range widely, with the 25th percentile at $2,040 and the 75th percentile at $4,092.
Because property taxes are tied to assessment, homeowners should understand how their home is valued and how local rates affect the amount due each year.
Median Larchwood Tax Bill
$2,890
Median Lyon County Tax Bill
$2,154
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Larchwood, Lyon County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51241 | $1,211 | $2,040 | $2,890 | $4,092 | $5,224 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Lyon Tax Assessor | |
| Website | beacon.schneidercorp.com |