Greeley, Clayton County, Iowa Property Taxes
The median property tax rate in Greeley, IA is 1.16%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Greeley at $127,825, the typical annual property tax bill amounts to $1,442, which is below the national median of $2,690. Property taxes in Greeley are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Greeley'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 Greeley 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
Greeley, Clayton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,483
$1,376
Ownwell’s Greeley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greeley with just two inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Greeley to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities accurately. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Greeley, Clayton County, Iowa
Property taxes in Greeley, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeley is 1.16%, higher than the U.S. national median of 0.99%. Local government entities within Greeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeley 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 Greeley's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52050 zip code has the highest median property tax rate of 1.16%, while the 52050 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Greeley 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 Greeley Tax Rate
1.16%
Average Clayton County Tax Rate
1.34%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeley, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52050 | 0.82% | 1.08% | 1.16% | 1.48% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Greeley, Clayton County, Iowa
In Greeley, 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 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 Greeley, 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 Greeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Greeley is $127,825, with the highest and lowest median tax bills both recorded at $1,442 in the zip code 52050.
Property Tax Assessment Values Across Greeley, Clayton County, Iowa
Source: Ownwell
$66,342
$124,361
$182,379
Average Greeley Assessed Value
$127,825
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 Greeley, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52050 | $40,159 | $59,018 | $127,825 | $207,984 | $283,522 |
Source: Ownwell
Property Tax Bills Across Greeley, Clayton County, Iowa
In Greeley, Clayton County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $127,825 in Greeley, homeowners can expect a tax bill that varies significantly depending on their property's assessed value and applicable exemptions. Factors such as the property's location, size, and condition, along with any improvements made, are considered during the assessment. Homeowners in the 25th percentile of tax bills pay around $870, while those in the 75th percentile see bills closer to $2,814. The highest median tax bill in Clayton County is $1,442, which is notably higher than the national median property tax rate of 0.99%. These variations in tax bills can significantly impact homeowners' finances, making it essential to understand the local property tax system.
Average Greeley Tax Bill
$1,442
Average Clayton County Tax Bill
$1,792
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeley, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52050 | $380 | $870 | $1,442 | $2,814 | $3,528 |
Source: Ownwell