Strawberry Point, Clayton County, Iowa Property Taxes
The median property tax rate in Strawberry Point, IA is 1.41%, 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 Strawberry Point at $128,390, the typical annual property tax bill is $1,702, falling below the national median of $2,690. Property taxes in Strawberry Point are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Strawberry Point'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 Strawberry Point 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
Strawberry Point, Clayton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,810
$1,680
Ownwell’s Strawberry Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Strawberry Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strawberry Point to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, you can 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 Strawberry Point, Clayton County, Iowa
Property taxes in Strawberry Point, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Strawberry Point is 1.41%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Strawberry Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strawberry Point 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 Strawberry Point's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52076 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Strawberry Point 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 Strawberry Point Tax Rate
1.41%
Average Clayton County Tax Rate
1.34%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strawberry Point, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52076 | 0.95% | 1.06% | 1.41% | 1.58% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Strawberry Point, Clayton County, Iowa
In Strawberry Point, 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 Strawberry Point, 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 Strawberry Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Strawberry Point is $128,390, with the highest median tax bill at $1,702 in zip code 52076.
Property Tax Assessment Values Across Strawberry Point, Clayton County, Iowa
Source: Ownwell
$66,342
$124,361
$182,379
Average Strawberry Point Assessed Value
$128,390
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 Strawberry Point, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52076 | $48,102 | $88,094 | $128,390 | $189,970 | $281,692 |
Source: Ownwell
Property Tax Bills Across Strawberry Point, Clayton County, Iowa
In Strawberry Point, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's market value, location, and any applicable exemptions or deductions play a crucial role in establishing the assessed value. For homeowners in Strawberry Point, the median home price is $128,390, and property tax bills can vary significantly. The 25th percentile tax bill is $1,154, while the 75th percentile reaches $2,402, and the 90th percentile can be as high as $3,354. Compared to the national median property tax rate of 0.99%, the rates in Strawberry Point can lead to varying financial impacts on homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Strawberry Point Tax Bill
$1,702
Average Clayton County Tax Bill
$1,792
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Strawberry Point, Clayton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52076 | $646 | $1,154 | $1,702 | $2,402 | $3,354 |
Source: Ownwell