Holy Cross, Clayton County, Iowa Property Taxes
The median property tax rate in Holy Cross, IA is 1.02%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Holy Cross at $152,218, the typical annual property tax bill is $1,522, which is below the national median of $2,690. Property taxes in Holy Cross are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Holy Cross'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 Holy Cross or another part of Clayton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holy Cross, Clayton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,553
$1,441
Ownwell’s Holy Cross Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holy Cross with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holy Cross 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 Holy Cross, Clayton County, Iowa
Property taxes in Holy Cross, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holy Cross is 1.18%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Holy Cross set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holy Cross 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 Holy Cross's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52053 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Holy Cross 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 Holy Cross Tax Rate
1.02%
Average Clayton County Tax Rate
1.34%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holy Cross, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52053 | 0.86% | 0.95% | 1.02% | 1.09% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Holy Cross, Clayton County, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holy Cross, IA. 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 Holy Cross, 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 Holy Cross is $152,218. The tax bill at the 25th percentile is $912, while at the 75th percentile, it is $2,166. The highest median tax bill is $1,522 in zip code 52053, which also has the lowest median tax bill of $1,522. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Holy Cross, Clayton County, Iowa
Source: Ownwell
$66,342
$124,361
$182,379
Average Holy Cross Assessed Value
$152,218
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 Holy Cross, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52053 | $50,161 | $91,891 | $152,218 | $222,400 | $360,710 |
Source: Ownwell
Property Tax Bills Across Holy Cross, Clayton County, Iowa
Property tax bills in Holy Cross, IA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. In Holy Cross, the median home price is $152,218, and the property tax rate is influenced by local government budgets and school funding needs. For homeowners, this means property taxes can vary widely. For example, the 25th percentile tax bill is $912, while the 75th percentile tax bill is $2,166. At the 90th percentile, homeowners might pay as much as $3,369. These variations reflect differences in property values and specific tax rates applied in different areas within the city. Comparatively, the national median property tax rate is 0.99%, making Holy Cross’s property taxes relatively moderate. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Holy Cross Tax Bill
$1,522
Average Clayton County Tax Bill
$1,792
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Holy Cross, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52053 | $444 | $912 | $1,522 | $2,166 | $3,369 |
Source: Ownwell