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Residential - Vacant LandResidential

PANAMA, IA 51562
0
Baths
2,624 ft²
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$40 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$2,694 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$2,694
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$2,694
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$2,694

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.29 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential - Vacant Land
CountySHELBY
Lot (acres)The size of the land the home sits on, from county records.0.06
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Harlan Community Middle SchoolA-
Middle · Grades 6–8 · 8.5 mi
H
Harlan High SchoolB+
High · Grades 9–12 · 8.6 mi
E
Harlan Primary School
Elementary · Grades PK–2 · 8.7 mi

District: Harlan Community School District

Neighborhood · ZIP 51562These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.122
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.7%
PopulationHow many people live in this area.386
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.12 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,009
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$89,188
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the smallest lots in Panama 51562

How it measures up in Panama 51562

The dot is this home. The mark in the middle is the typical home in Panama 51562.

Lot size2,624 ft²
SmallerTypical 0.43 acBigger

Smaller than almost all homes nearby

Year built1920
OlderTypical 1930Newer

Newer than 38% of homes nearby

How ranks against every home in each area.
MeasureThis homePanama 51562Shelby County
Lot sizebigger than2,624 ft²almost no homesalmost no homes
Year builtnewer than192038% of homes40% of homes

About

When did , Panama, IA last sell?

, Panama, IA last sold on Jan 1, 1900, according to the county's recorded deed.

When was , Panama, IA built?

, Panama, IA was built in 1920, making it 106 years old.

What schools serve , Panama, IA?

, Panama, IA is assigned to Harlan Community Middle School (middle), rated A-; Harlan High School (high), rated B+; Harlan Primary School (elementary). All sit in Harlan Community School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does , Panama, IA compare to other homes in Panama 51562?

Among the 198 homes in Panama 51562, its lot is bigger than almost none of them (2,624 ft² against a typical 0.43 ac) and it is newer than 38% of them (1920 against a typical 1930). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on , Panama, IA?

The 2026 property tax bill for , Panama, IA was $40. The county assessed it at $2,694.

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