Long Grove, Iowa Property Taxes
The median property tax rate in Long Grove, IA is 1.19%, slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $73,360 in Long Grove, the typical annual property tax bill is $884, well below the national median of $2,690. Property taxes in Long Grove are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Long Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Long Grove or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Long Grove, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$873
Ownwell’s Long Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Grove 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 Long Grove, Iowa
Property taxes in Long Grove, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Grove is 1.19%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Long Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Grove 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 Long Grove's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52756 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Long Grove 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 Long Grove Tax Rate
1.19%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | 0.87% | 0.97% | 1.19% | 1.34% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Long Grove, Iowa
In Long Grove, 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. 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. Being aware of these valuation processes in Long Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $884 in the 52756 zip code, while the lowest median tax bill is also $884 in the same zip code.
Average Long Grove Assessed Value
$73,360
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 Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | $24,390 | $30,160 | $73,360 | $112,350 | $247,460 |
Source: Ownwell
Property Tax Bills Across Long Grove, Iowa
In Long Grove, Clinton County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Long Grove see a median home price of $73,360. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Long Grove is $344, while the 75th percentile tax bill reaches $1,338. The highest median tax bill recorded is $884 in the zip code 52756. These variations highlight how property characteristics and local policies can significantly impact what homeowners owe. Comparatively, Long Grove's property tax rates can be seen as moderate when compared to the national median property tax rate of 0.99%, offering a relatively affordable option for homeowners in the region.
Average Long Grove Tax Bill
$884
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52756 | $326 | $344 | $884 | $1,338 | $2,540 |
Source: Ownwell