Taxes
- Assessed Value: $7,701,500
- Assessed Year: 2025
- Assessed County: Linn
- APN: 14032-51004-00000
- Assessed Land Value: 1274300
- Market Land Value: 1274300
- Tax Amount: 287370
- Tax Year: 2024
- Market Value: 7701500
- Market Year: 2025
5340 Council St; Cedar Rapids, IA Property Details
Off market
5340 Council St NE Cedar Rapids, IA 52402
$7,701,500 Estimated Value
61,122 SqFt
Property Type
TheaterProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 2004
- Purchase Price: $9,999,500
- APN: 14032-51004-00000
- Situs County: Linn
- Length Of Ownership: 15 years
Structure
- Stories: 1
- Building Condition: Average
Measurements
- Total: 61,122/SqFt
- Lot: 391,604/SqFt
- Gross: 61,122/SqFt
- Living: 61,122/SqFt
- Building: 61,122/SqFt
- Ground: 61,122/SqFt
- Price Per Square Foot: $163.60
Legal Description
- Description: COUNCIL STREET 1ST STR/LB 5
Building Insights
Land Information
- Property Type: Theater
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Linn-Mar Community School District
- Lat / Lon: 42.03214 / -91.65491
- Subdivision: Council Street 1st
- Property Class: Recreational
- County Use Code: 211
Amenities
- Plus Four: 1902
Ownership Info
5340 Council St NE has no associated ownership info
5340 Council St NE has no associated ownership info.
Taxes
5340 Council St NE has 10 associated Taxes items
5340 Council St, Cedar Rapids, IA pays taxes in Linn County, IA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $7,701,500. The APN we've located for 5340 Council St is 14032-51004-00000.
Unlock the full reportTax History
5340 Council St NE has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $7,701,500 | Land Value $1,274,300 | Improvement Value $6,427,200 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $7,956,800 | Land Value $1,274,300 | Improvement Value $6,682,500 | Tax Amount $287,370 | Change Rate +0.009102% | Assessed CR | Tax Rate +0.036116% |
| Year 2023 | Assessed Value $7,956,800 | Land Value $1,274,300 | Improvement Value $6,682,500 | Tax Amount $284,778 | Change Rate -0.99% | Assessed CR | Tax Rate +0.035791% |
| Year 2022 | Assessed Value $7,625,000 | Land Value $1,274,300 | Improvement Value $6,350,700 | Tax Amount $28,477,800 | Change Rate +78.15821% | Assessed CR | Tax Rate +3.734793% |
| Year 2021 | Assessed Value $18,272,700 | Land Value $1,274,300 | Improvement Value $16,998,400 | Tax Amount $359,758 | Change Rate -0.017371% | Assessed CR | Tax Rate +0.019688% |
| Year 2020 | Assessed Value $18,272,700 | Land Value $1,274,300 | Improvement Value $16,998,400 | Tax Amount $366,118 | Change Rate -0.000835% | Assessed CR | Tax Rate +0.020036% |
| Year 2019 | Assessed Value $9,250,000 | Land Value $1,274,300 | Improvement Value $7,975,700 | Tax Amount $366,424 | Change Rate +0.002984% | Assessed CR | Tax Rate +0.039613% |
| Year 2018 | Assessed Value $9,250,000 | Land Value $1,274,300 | Improvement Value $7,975,700 | Tax Amount $365,334 | Change Rate | Assessed CR | Tax Rate +0.039496% |
| Year 2017 | Assessed Value $8,117,200 | Land Value $1,274,300 | Improvement Value $6,842,900 | Tax Amount $365,334 | Change Rate +0.243529% | Assessed CR | Tax Rate +0.045007% |
| Year 2016 | Assessed Value $8,117,200 | Land Value $1,274,300 | Improvement Value $6,842,900 | Tax Amount $293,788 | Change Rate +0.132166% | Assessed CR | Tax Rate +0.036193% |
| Year 2015 | Assessed Value $7,176,301 | Land Value $1,274,250 | Improvement Value $5,902,051 | Tax Amount $259,492 | Change Rate | Assessed CR | Tax Rate +0.03616% |
| Year 2014 | Assessed Value $7,176,301 | Land Value $1,274,250 | Improvement Value $5,902,051 | Tax Amount $259,492 | Change Rate -0.043573% | Assessed CR | Tax Rate +0.03616% |
| Year 2013 | Assessed Value $7,176,301 | Land Value $1,274,250 | Improvement Value $5,902,051 | Tax Amount $271,314 | Change Rate | Assessed CR | Tax Rate +0.037807% |