Hartley, Clay County, Iowa Property Taxes
The median property tax rate in Hartley, IA is 0.91%, which is lower than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Hartley at $218,240, the typical annual property tax bill reaches $1,904, falling below the national median of $2,690. Property taxes in Hartley 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 Hartley'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 Hartley 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
Hartley, Clay County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,986
$1,843
Ownwell’s Hartley Property Tax Bill Calculator helps homeowners, real estate investors, and potential owners estimate their annual property taxes in Hartley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartley 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 Hartley, Clay County, Iowa
Property taxes in Hartley, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartley is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Hartley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartley 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 Hartley's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 51346 has both the highest and lowest median property tax rate at 0.91%. Understanding how these cities compare with Hartley provides valuable insights into the varying tax landscape across O'Brien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartley Tax Rate
0.91%
Average Clay County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartley, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51346 | 0.68% | 0.85% | 0.91% | 1.01% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Hartley, Clay County, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartley, Iowa. 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 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 Hartley, 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. The median home price in Hartley is $218,240, with tax bills ranging from $1,308 at the 25th percentile to $2,853 at the 75th percentile, and $3,628 at the 90th percentile. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hartley, Clay County, Iowa
Source: Ownwell
$57,080
$137,660
$218,240
Average Hartley Assessed Value
$218,240
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 Hartley, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51346 | $104,632 | $143,600 | $218,240 | $296,680 | $381,460 |
Source: Ownwell
Property Tax Bills Across Hartley, Clay County, Iowa
In Hartley, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $218,240, the property tax bill can significantly vary. Homeowners in the 25th percentile can expect to pay around $1,308 annually, while those in the 75th percentile might see a bill of approximately $2,853. At the 90th percentile, the tax bill can reach up to $3,628. These variations are influenced by factors such as property improvements, neighborhood changes, and local government budgets. Compared to the national median property tax rate of 0.99%, Hartley's tax rates may present a different picture, impacting homeowners' financial planning. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Hartley Tax Bill
$1,904
Average Clay County Tax Bill
$1,910
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartley, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51346 | $994 | $1,308 | $1,904 | $2,853 | $3,628 |
Source: Ownwell