Grand Mound, Iowa Property Taxes
The median property tax rate in Grand Mound, IA is 1.47%, which is considerably higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. With the median home value in Grand Mound at $184,700, the typical annual property tax bill reaches $2,630, just below the national median of $2,690. Property taxes in Grand Mound 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 Grand Mound'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 Grand Mound 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
Grand Mound, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$2,715
Ownwell’s Grand Mound Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Mound with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Mound 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 Grand Mound, Iowa
Property taxes in Grand Mound, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Mound is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Grand Mound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Mound 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 Grand Mound's effective property tax rate to other areas in Clinton County and the national median. For comparison, the zip code 52751 has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with Grand Mound 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 Grand Mound Tax Rate
1.47%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Mound, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52751 | 1.20% | 1.29% | 1.47% | 1.52% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Grand Mound, Iowa
In Grand Mound, 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 Grand Mound, 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 Grand Mound helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,630 in the 52751 zip code.
Average Grand Mound Assessed Value
$184,700
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 Grand Mound, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52751 | $93,006 | $133,350 | $184,700 | $265,280 | $366,966 |
Source: Ownwell
Property Tax Bills Across Grand Mound, Iowa
In Grand Mound, located in Clinton County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Grand Mound can expect varying tax bills depending on the value of their property. For instance, the tax bill at the 25th percentile is around $1,989, while at the 75th percentile, it rises to $3,754. The 90th percentile sees tax bills as high as $4,806. These figures highlight the range of property tax burdens within the area, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Grand Mound might find their tax obligations to be relatively moderate, depending on their property's assessed value. This variability in tax bills significantly impacts homeowners, influencing their overall housing costs and financial planning.
Average Grand Mound Tax Bill
$2,630
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Mound, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52751 | $1,329 | $1,989 | $2,630 | $3,754 | $4,806 |
Source: Ownwell