North Buena Vista, Clayton County, Iowa Property Taxes
The median property tax rate in North Buena Vista, IA is 1.00%, 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 $66,342 in North Buena Vista, the typical annual property tax bill is around $554, which is significantly less than the national median of $2,690. Property taxes in North Buena Vista are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding North Buena Vista'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 North Buena Vista 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
North Buena Vista, Clayton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$663
$616
Ownwell’s North Buena Vista Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Buena Vista with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Buena Vista 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 Clayton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Buena Vista, Clayton County, Iowa
Property taxes in North Buena Vista, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Buena Vista is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within North Buena Vista set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Buena Vista 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 North Buena Vista's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52066 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with North Buena Vista 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 North Buena Vista Tax Rate
1.00%
Average Clayton County Tax Rate
1.34%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Buena Vista, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52066 | 0.83% | 0.93% | 1.00% | 1.04% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across North Buena Vista, Clayton County, Iowa
In North Buena Vista, 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 North Buena Vista, 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 North Buena Vista is $66,342, with tax bills ranging from $234 at the 25th percentile to $1,770 at the 90th percentile. The zip code 52066 has both the highest and lowest median tax bill of $554. By understanding these valuation concepts, property owners can better 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 North Buena Vista, Clayton County, Iowa
Source: Ownwell
$66,342
$124,361
$182,379
Average North Buena Vista Assessed Value
$66,342
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 North Buena Vista, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52066 | $12,088 | $25,217 | $66,342 | $112,877 | $182,349 |
Source: Ownwell
Property Tax Bills Across North Buena Vista, Clayton County, Iowa
In North Buena Vista, Clayton County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area is $66,342. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Homeowners in North Buena Vista can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $234 and the 75th percentile reaching $1,090. For those at the 90th percentile, the tax bill can go up to $1,770. These variations are influenced by factors such as property size, improvements, and local tax levies. Compared to the national median property tax rate of 0.99%, North Buena Vista homeowners experience a range of tax burdens. This system ensures that property taxes are proportionate to the value and characteristics of each property, impacting homeowners by reflecting the true value of their real estate investments.
Average North Buena Vista Tax Bill
$554
Average Clayton County Tax Bill
$1,792
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across North Buena Vista, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52066 | $110 | $234 | $554 | $1,090 | $1,770 |
Source: Ownwell