Mc Clelland, Iowa Property Taxes
The median property tax rate in MC CLELLAND, IA is 1.27%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in MC CLELLAND at $251,800, the typical annual property tax bill reaches $3,322, exceeding the national median of $2,690. Property taxes in MC CLELLAND 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 MC CLELLAND'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 MC CLELLAND 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
Mc Clelland, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$3,198
Ownwell’s MC CLELLAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLELLAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLELLAND 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 Mc Clelland, Iowa
Property taxes in Mc Clelland, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Clelland is 1.27%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Mc Clelland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Clelland 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 Mc Clelland's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51548 zip code has the highest median property tax rate of 1.27%, while the 51548 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Mc Clelland provides valuable insights into the varying tax landscape across Pottawattamie, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Clelland Tax Rate
1.27%
Average Pottawattamie County Tax Rate
1.73%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clelland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51548 | 1.09% | 1.14% | 1.27% | 1.44% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clelland, Iowa
In MC CLELLAND, 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 Pottawattamie 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. 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. MC CLELLAND's median home price is $251,800, with property tax bills ranging from $2,268 at the 25th percentile to $5,726 at the 90th percentile. The highest and lowest median tax bills, both at $3,322, are found in zip code 51548. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Clelland Assessed Value
$251,800
Average Pottawattamie County Assessed Value
$173,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Clelland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51548 | $86,600 | $164,150 | $251,800 | $357,700 | $485,500 |
Source: Ownwell
Property Tax Bills Across Mc Clelland, Iowa
In MC CLELLAND, 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 annual tax bill. Several factors influence the final tax bill, including the property's location within Pottawattamie County, any applicable exemptions, and local government budgets. For instance, the median home price in MC CLELLAND is $251,800, which gives an idea of the property values in the area. Homeowners in the 25th percentile can expect to pay around $2,268 annually, while those in the 75th percentile might pay approximately $4,440. These tax bills directly impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, MC CLELLAND's tax rates reflect the local economic conditions and funding requirements for public services.
Average Mc Clelland Tax Bill
$3,322
Average Pottawattamie County Tax Bill
$2,932
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clelland, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51548 | $1,258 | $2,268 | $3,322 | $4,440 | $5,726 |
Source: Ownwell