Clinton, Iowa Property Taxes
The median property tax rate in Clinton, IA is 1.60%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Clinton, the typical annual property tax bill reaches $1,614, exceeding the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clinton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clinton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,600
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clinton, Iowa
Property taxes in Clinton, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.60%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Clinton's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52732 zip code has the highest median property tax rate of 1.60%, while the 52732 zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.60%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52732 | 1.25% | 1.40% | 1.60% | 1.75% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Iowa
In Clinton, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clinton County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Clinton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Clinton is $99,980, with tax bills ranging from $1,086 at the 25th percentile to $3,832 at the 90th percentile. The highest and lowest median tax bills are both $1,614 in the 52732 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$99,980
Average Clinton County Assessed Value
$133,420
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52732 | $43,044 | $67,535 | $99,980 | $153,115 | $236,156 |
Source: Ownwell
Property Tax Bills Across Clinton, Iowa
In Clinton, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Clinton is $99,980. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's market value, location, and any applicable exemptions or deductions. For homeowners in Clinton, the 25th percentile tax bill is approximately $1,086, while the 75th percentile tax bill is around $2,556. At the higher end, the 90th percentile tax bill reaches $3,832. The highest and lowest median tax bills in the area are both $1,614, specifically in the 52732 zip code. Compared to the national median property tax rate of 0.99%, Clinton's property tax rates can significantly impact homeowners, potentially leading to higher or lower annual expenses depending on the property's assessed value and location within the city. This variability underscores the importance of understanding local tax assessments and potential exemptions to manage property tax obligations effectively.
Average Clinton Tax Bill
$1,614
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52732 | $756 | $1,086 | $1,614 | $2,556 | $3,832 |
Source: Ownwell