Baldwin, Iowa Property Taxes
The median property tax rate in Baldwin, Iowa, is 1.35%, 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 Baldwin at $208,050, the typical annual property tax bill amounts to $3,020, surpassing the national median of $2,690. Property taxes in Baldwin are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Baldwin'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 Baldwin 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
Baldwin, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,809
Ownwell’s Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin 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 Baldwin, Iowa
Property taxes in Baldwin, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin 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 Baldwin's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52207 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Baldwin provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin Tax Rate
1.35%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52207 | 1.15% | 1.28% | 1.35% | 1.40% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Iowa
In Baldwin, 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 Clinton 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 Baldwin, 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 Baldwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Baldwin is $3,020 in the 52207 zip code, which also has the lowest median tax bill at $3,020.
Average Baldwin Assessed Value
$208,050
Average Clinton County Assessed Value
$133,420
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52207 | $101,805 | $150,162 | $208,050 | $286,905 | $423,396 |
Source: Ownwell
Property Tax Bills Across Baldwin, Iowa
In Baldwin, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Baldwin is $208,050. Homeowners can expect their property tax bill to vary significantly, with the 25th percentile tax bill around $1,993 and the 75th percentile reaching approximately $3,914. At the 90th percentile, the tax bill can be as high as $5,664. These tax bills are influenced by several factors, including the local tax rate and the assessed value of the property. For example, the highest median tax bill in the area is $3,020, found in the zip code 52207. This variation can impact homeowners differently, depending on the assessed value of their property and the specific rates applied by local taxing authorities. Compared to the national median property tax rate of 0.99%, Baldwin's rates may seem higher or lower depending on individual circumstances, but they reflect the local economic conditions and funding needs.
Average Baldwin Tax Bill
$3,020
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52207 | $1,536 | $1,993 | $3,020 | $3,914 | $5,664 |
Source: Ownwell