Calamus, Iowa Property Taxes
The median property tax rate in Calamus, IA is 1.27%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Calamus at $162,645, the typical annual property tax bill is approximately $2,177, which is below the national median of $2,690. Property taxes in Calamus are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Calamus'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 Calamus 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
Calamus, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,066
Ownwell’s Calamus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calamus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calamus 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 Calamus, Iowa
Property taxes in Calamus, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calamus is 1.27%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Calamus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calamus 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 Calamus's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52729 zip code has the highest median property tax rate of 1.27%, while the 52729 zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Calamus provides valuable insights into the varying tax landscape across Clinton, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calamus Tax Rate
1.27%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calamus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52729 | 1.15% | 1.19% | 1.27% | 1.42% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Calamus, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Calamus, 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 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. In Calamus, 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. For example, the highest median tax bill in Calamus is $2,177 in the 52729 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Calamus Assessed Value
$162,645
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 Calamus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52729 | $37,530 | $93,062 | $162,645 | $243,142 | $329,879 |
Source: Ownwell
Property Tax Bills Across Calamus, Iowa
In Calamus, Clinton County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence this calculation, including the property's market value, location, and any applicable exemptions or deductions. For homeowners in Calamus, the median home price is $162,645. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,292 and the 75th percentile reaching $2,960. At the 90th percentile, homeowners might see tax bills as high as $3,941. These property taxes fund essential community services such as schools, public safety, and infrastructure. While the national median property tax rate is 0.99%, local rates can differ, impacting how much homeowners pay annually. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Calamus Tax Bill
$2,177
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Calamus, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52729 | $509 | $1,292 | $2,177 | $2,960 | $3,941 |
Source: Ownwell