Camanche, Iowa Property Taxes
The median property tax rate in Camanche, IA is 1.78%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Camanche at $170,235, the typical annual property tax bill reaches $3,060, exceeding the national median of $2,690. Property taxes in Camanche are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Camanche'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 Camanche 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
Camanche, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$3,030
Ownwell’s Camanche Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camanche with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camanche 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 Camanche, Iowa
Property taxes in Camanche, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camanche is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Camanche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camanche 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 Camanche's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52730 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Camanche 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 Camanche Tax Rate
1.78%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camanche, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52730 | 1.48% | 1.72% | 1.78% | 1.87% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Camanche, Iowa
In Camanche, 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 Camanche, 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 Camanche stands at $170,235, with tax bills ranging from $2,349 at the 25th percentile to $5,628 at the 90th percentile. The highest and lowest median tax bills in the region are both $3,060, found in the 52730 zip code. 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.
Average Camanche Assessed Value
$170,235
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 Camanche, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52730 | $91,543 | $132,480 | $170,235 | $238,938 | $315,366 |
Source: Ownwell
Property Tax Bills Across Camanche, Iowa
Property tax bills in Camanche, located in Clinton County, IA, are determined by assessing the property's market value and applying the local tax rate. The median home price in Camanche is $170,235, which serves as a benchmark for calculating property taxes. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Camanche is $2,349, while the 75th percentile tax bill is $4,178, and the 90th percentile tax bill reaches $5,628. These figures show how property taxes can vary significantly based on individual property characteristics. For homeowners, understanding these factors is crucial as it directly impacts their annual expenses. Compared to the national median property tax rate of 0.99%, Camanche's property tax rates reflect the local economic conditions and public funding needs, making it essential for residents to stay informed about their property assessments and potential exemptions.
Average Camanche Tax Bill
$3,060
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Camanche, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52730 | $1,615 | $2,349 | $3,060 | $4,178 | $5,628 |
Source: Ownwell