Cleghorn, Iowa Property Taxes
The median property tax rate in Cleghorn, IA is 1.03%, slightly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With a median home value of $139,860 in Cleghorn, the typical annual property tax bill is approximately $1,472, which is below the national median of $2,690. Property taxes in Cleghorn are based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Cleghorn'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 Cleghorn or another part of Cherokee County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleghorn, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,441
Ownwell’s Cleghorn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleghorn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleghorn 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 Cleghorn, Iowa
Property taxes in Cleghorn, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleghorn is 1.03%, slightly higher than the U.S. national median of 0.99%. Local government entities within Cleghorn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleghorn 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 Cleghorn's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51014 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Cleghorn provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleghorn Tax Rate
1.03%
Average Cherokee County Tax Rate
1.11%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleghorn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51014 | 0.82% | 0.90% | 1.03% | 1.15% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Cleghorn, Iowa
In Cleghorn, 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 Cherokee 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 Cleghorn, 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 Cleghorn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cleghorn are both $1,472, found in the 51014 zip code.
Average Cleghorn Assessed Value
$139,860
Average Cherokee County Assessed Value
$121,460
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleghorn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51014 | $45,360 | $84,785 | $139,860 | $222,840 | $300,982 |
Source: Ownwell
Property Tax Bills Across Cleghorn, Iowa
In Cleghorn, located in Cherokee County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. Various factors, such as the home's market value, location, and any applicable exemptions, play a crucial role in this calculation. For example, the median home price in Cleghorn is $139,860. Homeowners at the 25th percentile can expect a tax bill around $892, while those at the 75th percentile might see bills closer to $2,255. At the 90th percentile, tax bills can reach up to $2,922. The highest and lowest median tax bills in the area are both $1,472, indicating a relatively consistent tax environment within the 51014 zip code. Compared to the national median property tax rate of 0.99%, Cleghorn's property tax rates are competitive, making it an attractive location for homeowners. Accurate property tax assessments ensure that homeowners contribute fairly to local services and infrastructure.
Average Cleghorn Tax Bill
$1,472
Average Cherokee County Tax Bill
$1,348
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleghorn, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51014 | $494 | $892 | $1,472 | $2,255 | $2,922 |
Source: Ownwell