New Virginia, Clarke County, Iowa Property Taxes
Median New Virginia, IA effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median New Virginia, IA home value: $178,530
Median annual New Virginia, IA tax bill: $3,425, $1,025 higher than the national median property tax bill of $2,400.
How are property taxes in Clarke County calculated?
Property taxes in New Virginia, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Virginia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Virginia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Virginia, Clarke County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$3,267
$3,032
Property Tax Rates Across New Virginia, Clarke County, Iowa
Local government entities in Iowa set tax rates, which can vary widely within the state. Each year, Clarke County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare New Virginia’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.
In New Virginia, located in Clarke County, the property tax rate is notably higher than the national median property tax rate of 1.02%. This means homeowners in New Virginia generally face a larger property tax bill compared to the national average. However, understanding the local tax landscape can empower homeowners to explore potential property tax appeals or exemptions, potentially leading to significant savings. By being informed, residents of New Virginia can take proactive steps to manage their property tax obligations effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Virginia Tax Rate
1.83%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Clarke County Tax Rate
1.89%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Virginia, Clarke County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50210 | 1.50% | 1.68% | 1.83% | 1.99% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across New Virginia, Clarke County, Iowa
When examining property taxes in New Virginia, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clarke County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Clarke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Virginia.
For example, the median home price in New Virginia is $178,530, with tax bills ranging significantly across the county. Zip code 50210 has the highest median home price at $178,530.
Property Tax Assessment Values Across New Virginia, Clarke County, Iowa
Source: Ownwell
$89,270
$133,900
$178,530
Median New Virginia Market Value
$178,530
Median Clarke County Market Value
$115,600
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Virginia, Clarke County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50210 | $49,800 | $119,650 | $178,530 | $274,180 | $384,550 |
Source: Ownwell
Property Tax Bills Across New Virginia, Clarke County, Iowa
In New Virginia, located in Clarke County, IA, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area experience a median property tax bill of $3,425, which is significantly higher than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $2,018 and the 90th percentile reaching $6,504. These variations are influenced by factors such as property location, size, and improvements. Homeowners might find these tax bills burdensome, especially when compared to the national median property tax rate of 1.02%.
Ownwell can assist homeowners in New Virginia by offering expert property tax appeal and exemption services. By carefully analyzing the assessed value of a property and comparing it with similar properties, Ownwell identifies discrepancies that could lead to a reduction in tax bills. This personalized approach ensures that homeowners are not overpaying and can potentially save significantly on their property taxes, easing the financial strain and ensuring a fair assessment.
Median New Virginia Tax Bill
$3,425
Median Clarke County Tax Bill
$2,187
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across New Virginia, Clarke County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50210 | $841 | $2,018 | $3,425 | $5,040 | $6,504 |
Source: Ownwell