Everly, Clay County, Iowa Property Taxes
The median property tax rate in Everly, IA is 1.03%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $107,870 in Everly, the typical annual property tax bill amounts to $1,128, which is below the national median of $2,690. Property taxes in Everly are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Everly’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 Everly or another part of Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Everly, Clay County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,111
$1,031
Ownwell’s Everly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Everly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Everly 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 Everly, Clay County, Iowa
Property taxes in Everly, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Everly is 1.03%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Everly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everly 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 Everly's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51338 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Everly provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Everly Tax Rate
1.03%
Average Clay County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everly, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51338 | 0.84% | 0.92% | 1.03% | 1.11% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Everly, Clay County, Iowa
In Everly, 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 Clay 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 Everly, 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 instance, the median home price in Everly is $107,870, with tax bills ranging from $701 at the 25th percentile to $2,428 at the 90th percentile. The zip code 51338 has both the highest and lowest median tax bill of $1,128. Being aware of these valuation processes in Everly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Everly, Clay County, Iowa
Source: Ownwell
$57,080
$137,660
$218,240
Average Everly Assessed Value
$107,870
Average Clay County Assessed Value
$145,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Everly, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51338 | $38,516 | $68,362 | $107,870 | $175,802 | $258,071 |
Source: Ownwell
Property Tax Bills Across Everly, Clay County, Iowa
In Everly, located in Clay County, IA, property tax bills are calculated based on a combination of the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Everly, the median home price is $107,870. The tax bills vary significantly within the city, with the 25th percentile at $701 and the 75th percentile reaching $1,671. At the 90th percentile, homeowners can expect to pay around $2,428. These figures highlight the range of property tax burdens depending on the property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, making Everly's tax landscape relatively moderate. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual tax bills.
Average Everly Tax Bill
$1,128
Average Clay County Tax Bill
$1,910
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Everly, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51338 | $376 | $701 | $1,128 | $1,671 | $2,428 |
Source: Ownwell