Port Huron, Iowa Property Taxes
The median property tax rate in Port Huron, IA is 1.37%, which is considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Port Huron, the typical annual property tax bill reaches $3,356, exceeding the national median of $2,690. Property taxes in Port Huron 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 Port Huron'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 Port Huron 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
Port Huron, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$3,363
Ownwell’s PORT HURON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT HURON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT HURON 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 Port Huron, Iowa
Property taxes in Port Huron, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Huron is 1.37%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Port Huron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Huron 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 Port Huron's effective property tax rate to other counties in Iowa and the national median. For comparison, the 48060 zip code has both the highest and lowest median property tax rate of 1.37%. Understanding how these cities compare with Port Huron provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Huron Tax Rate
1.37%
Average Clarke County Tax Rate
1.89%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Huron, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48060 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Port Huron, Iowa
In Port Huron, 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 Clarke County Appraisal District 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 in Port Huron 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 Port Huron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 48060 has the highest and lowest median tax bills, both valued at $3,356.
Average Port Huron Assessed Value
$245,450
Average Clarke County Assessed Value
$115,600
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Huron, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48060 | $245,450 | $245,450 | $245,450 | $245,450 | $245,450 |
Source: Ownwell
Property Tax Bills Across Port Huron, Iowa
In Port Huron, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Port Huron, the median home price is $245,450, and the median property tax bill stands at $3,356. This rate is significantly higher than the national median property tax rate of 0.99%, reflecting the specific fiscal needs and public services funded by these taxes in the region. Factors influencing the tax bill include the property's location within Clarke County, local government budgets, and any applicable exemptions or reductions. High property taxes can affect homeowners by increasing the overall cost of owning a home, potentially impacting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and anticipate future tax obligations.
Average Port Huron Tax Bill
$3,356
Average Clarke County Tax Bill
$2,187
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Huron, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48060 | $3,356 | $3,356 | $3,356 | $3,356 | $3,356 |
Source: Ownwell