Sabula, Iowa Property Taxes
The median property tax rate in Sabula, IA is 1.36%, which is notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Sabula at $207,730, the typical annual property tax bill reaches $2,896, surpassing the national median of $2,690. Property taxes in Sabula are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Sabula'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 Sabula 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
Sabula, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,825
Ownwell’s Sabula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabula 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 Sabula, Iowa
Property taxes in Sabula, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabula is 1.36%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Sabula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sabula 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 Sabula's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52070 has the highest median property tax rate of 1.36%, while the lowest median tax rate is also found in the same zip code at 1.36%. Understanding how these cities compare with Sabula 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 Sabula Tax Rate
1.36%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabula, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52070 | 1.29% | 1.32% | 1.36% | 1.45% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Sabula, Iowa
In Sabula, 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 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 Sabula, 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 Sabula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sabula are both $2,896, found in the 52070 zip code.
Average Sabula Assessed Value
$207,730
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 Sabula, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52070 | $39,190 | $151,750 | $207,730 | $291,370 | $392,900 |
Source: Ownwell
Property Tax Bills Across Sabula, Iowa
In Sabula, located in Clinton County, IA, property tax bills are calculated based on the assessed value of a home. The assessment process considers various factors, including the market value of the property, its location, and any improvements made. For instance, the median home price in Sabula is $207,730. Using the local tax rate, homeowners can estimate their annual tax bill, which typically falls between $2,008 at the 25th percentile and $3,919 at the 75th percentile. At the higher end, the 90th percentile tax bill can reach up to $5,084. These property tax bills significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, the tax rate in Sabula may present both challenges and opportunities for residents. Understanding how these taxes are calculated helps homeowners better navigate their financial responsibilities, ensuring they are prepared for the annual tax obligations.
Average Sabula Tax Bill
$2,896
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabula, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52070 | $699 | $2,008 | $2,896 | $3,919 | $5,084 |
Source: Ownwell