Clive, Iowa Property Taxes
The median property tax rate in Clive, IA is 1.49%, which is considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $334,050 in Clive, the typical annual property tax bill reaches $4,996, significantly exceeding the national median of $2,690. Property taxes in Clive are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clive'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 Clive 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
Clive, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$4,977
Ownwell’s Clive Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clive with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clive 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 Clive, Iowa
Property taxes in Clive, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clive is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clive set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clive 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 Clive's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50325 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Clive provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clive Tax Rate
1.49%
Average Polk County Tax Rate
1.69%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clive, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50325 | 1.43% | 1.45% | 1.49% | 1.55% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Clive, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clive, Iowa. 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 Polk 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 Clive, 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. For example, the highest median tax bill in Clive is $4,996 in the 50325 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clive Assessed Value
$334,050
Average Polk County Assessed Value
$231,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clive, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50325 | $222,450 | $276,075 | $334,050 | $435,325 | $608,200 |
Source: Ownwell
Property Tax Bills Across Clive, Iowa
In Clive, located in Polk County, 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 Clive is $334,050, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence this assessed value, including the home's location, size, age, and any improvements made. For homeowners in Clive, the property tax bills can vary significantly. At the 25th percentile, the tax bill is $4,162, while at the 75th percentile, it rises to $6,432. Those in the 90th percentile can expect to pay around $9,220. The highest and lowest median tax bills in the area both stand at $4,996, within the 50325 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting the quality of life for Clive residents. Compared to the national median property tax rate of 0.99%, Clive’s property taxes reflect the value placed on maintaining a robust community infrastructure.
Average Clive Tax Bill
$4,996
Average Polk County Tax Bill
$3,904
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clive, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50325 | $3,461 | $4,162 | $4,996 | $6,432 | $9,220 |
Source: Ownwell