Arlington, Iowa Property Taxes
The median property tax rate in Arlington, Iowa is 1.19%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $120,897, the typical annual property tax bill in Arlington amounts to $1,626, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arlington'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 Arlington or another part of Clayton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arlington, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,439
Ownwell’s Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Iowa
Property taxes in Arlington, Iowa, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.19%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50606 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Clayton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.19%
Average Clayton County Tax Rate
1.34%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | 1.07% | 1.11% | 1.19% | 1.44% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Iowa
In Arlington, 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 Clayton 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 Arlington, 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. The zip code with the highest median tax bill is 50606, with a tax bill of $1,626, which is significantly higher than the national median property tax rate of 0.99%. Being aware of these valuation processes in Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arlington Assessed Value
$120,897
Average Clayton County Assessed Value
$133,780
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | $66,497 | $112,011 | $120,897 | $196,552 | $280,100 |
Source: Ownwell
Property Tax Bills Across Arlington, Iowa
In Arlington, IA, located in Clayton County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Arlington stands at $120,897, and the property tax rate is applied to this value to calculate the tax owed. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Arlington can expect to pay a median tax bill ranging from $1,346 at the 25th percentile to $2,106 at the 75th percentile, with some reaching as high as $3,554 at the 90th percentile. These figures show a diverse range of property tax liabilities, reflecting the varying property values and assessment practices within the area. Compared to the national median property tax rate of 0.99%, Arlington's rates can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Arlington Tax Bill
$1,626
Average Clayton County Tax Bill
$1,792
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50606 | $794 | $1,346 | $1,626 | $2,106 | $3,554 |
Source: Ownwell