Low Moor, Iowa Property Taxes
The median property tax rate in Low Moor, Iowa is 1.38%, which is considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $132,895 in Low Moor, the typical annual property tax bill reaches $1,840, falling short of the national median of $2,690. Property taxes in Low Moor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Low Moor'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 Low Moor or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Low Moor, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,834
Ownwell’s Low Moor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Low Moor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Low Moor 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 Low Moor, Iowa
Property taxes in Low Moor, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Low Moor is 1.38%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Low Moor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Low Moor 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 Low Moor's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52757 has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Low Moor 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 Low Moor Tax Rate
1.38%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Low Moor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52757 | 1.28% | 1.34% | 1.38% | 1.47% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Low Moor, Iowa
In Low Moor, 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 Appraisal District 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 Low Moor, 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 Low Moor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52757, with a median tax bill of $1,840.
Average Low Moor Assessed Value
$132,895
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 Low Moor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52757 | $73,329 | $102,430 | $132,895 | $166,980 | $207,135 |
Source: Ownwell
Property Tax Bills Across Low Moor, Iowa
In Low Moor, property tax bills are calculated based on the assessed value of a home, which is determined by the Clinton County assessor. The assessed value is a percentage of the market value of the property. The tax rate, which is set by local taxing authorities, is then applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence both the assessed value and the tax rate. For homeowners in Low Moor, the median home price is $132,895. Property tax bills can vary significantly, with the 25th percentile bill around $1,402 and the 75th percentile bill approximately $2,396. At the 90th percentile, homeowners might see a tax bill as high as $2,942. These figures highlight how property taxes in Low Moor can impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual tax obligations.
Average Low Moor Tax Bill
$1,840
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Low Moor, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52757 | $989 | $1,402 | $1,840 | $2,396 | $2,942 |
Source: Ownwell