Clarksville, Iowa Property Taxes
The median property tax rate in Clarksville, IA is 1.40%, which is 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 Clarksville at $148,710, the typical annual property tax bill reaches $1,996, falling below the national median of $2,690. Property taxes in Clarksville are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Clarksville'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 Clarksville or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,082
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Iowa
Property taxes in Clarksville, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 1.40%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50619 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Clarksville provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
1.40%
Average Butler County Tax Rate
1.42%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50619 | 1.07% | 1.14% | 1.40% | 1.55% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Iowa
In Clarksville, 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 Butler 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. In Clarksville, 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,996 in zip code 50619, while the lowest is also $1,996 in the same zip code.
Average Clarksville Assessed Value
$148,710
Average Butler County Assessed Value
$143,820
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50619 | $44,316 | $93,180 | $148,710 | $217,840 | $327,190 |
Source: Ownwell
Property Tax Bills Across Clarksville, Iowa
In Clarksville, located in Butler County, 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 then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Clarksville see a range of property tax bills, with the 25th percentile paying around $1,270 and the 75th percentile facing bills up to $2,824. At the higher end, the 90th percentile of homeowners may pay as much as $3,964 annually. Factors influencing these tax bills include the home's assessed value, which is influenced by the local real estate market, property conditions, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, homeowners in Clarksville experience varying impacts on their financial obligations. The highest median tax bill in the area is $1,996, found in the zip code 50619. These taxes fund essential local services, including schools, infrastructure, and public safety, directly affecting the community's quality of life.
Average Clarksville Tax Bill
$1,996
Average Butler County Tax Bill
$1,964
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50619 | $620 | $1,270 | $1,996 | $2,824 | $3,964 |
Source: Ownwell