Teeds Grove, Iowa Property Taxes
The median property tax rate in Teeds Grove, IA is 1.35%, which is higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $139,760 in Teeds Grove, the typical annual property tax bill amounts to $1,834, which is below the national median of $2,690. Property taxes in Teeds Grove are based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. By gaining a thorough understanding of Teeds Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Teeds Grove or another part of Clinton County, familiarizing yourself with the local property tax system will provide substantial benefits.
Last Updated June 14, 2024
Teeds Grove, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,887
Ownwell’s Teeds Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Teeds Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Teeds 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 Teeds Grove, Iowa
Property taxes in Teeds Grove, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Teeds Grove stands at 1.35%, notably higher than the U.S. national median of 0.99%. Local government entities within Teeds Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Teeds 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 Teeds Grove's effective property tax rate to other areas in Clinton County and the national median. For comparison, the zip code 52771 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Teeds 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 Teeds Grove Tax Rate
1.35%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Teeds Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52771 | 1.23% | 1.27% | 1.35% | 1.40% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Teeds Grove, Iowa
In Teeds 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's Office 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 Teeds Grove, 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 Teeds Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $1,834 in the 52771 zip code, reflecting the region's relatively uniform property tax landscape.
Average Teeds Grove Assessed Value
$139,760
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 Teeds Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52771 | $6,246 | $63,195 | $139,760 | $207,175 | $240,780 |
Source: Ownwell
Property Tax Bills Across Teeds Grove, Iowa
In Teeds Grove, located in Clinton County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. The median home price in Teeds Grove is $139,760, with property tax bills varying widely. For instance, the 25th percentile tax bill is $811, while the 75th percentile tax bill is $2,759, and the 90th percentile tax bill reaches $3,479. These tax bills directly impact homeowners by influencing their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, the property tax rate in Teeds Grove can significantly affect the affordability and attractiveness of living in this area. Understanding these factors helps homeowners anticipate their tax liabilities and budget accordingly.
Average Teeds Grove Tax Bill
$1,834
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Teeds Grove, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52771 | $90 | $811 | $1,834 | $2,759 | $3,479 |
Source: Ownwell