Maquoketa, Iowa Property Taxes
The median property tax rate in Maquoketa, IA is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Maquoketa at $233,420, the typical annual property tax bill reaches $2,964, exceeding the national median of $2,690. Property taxes in Maquoketa 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 Maquoketa'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 Maquoketa 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
Maquoketa, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,081
Ownwell’s Maquoketa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maquoketa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maquoketa 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 Maquoketa, Iowa
Property taxes in Maquoketa, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maquoketa is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maquoketa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maquoketa 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 Maquoketa's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52060 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Maquoketa 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 Maquoketa Tax Rate
1.32%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maquoketa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52060 | 1.23% | 1.27% | 1.32% | 1.42% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Maquoketa, Iowa
In Maquoketa, 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 Maquoketa, 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 Maquoketa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maquoketa are both $2,964, associated with the zip code 52060.
Average Maquoketa Assessed Value
$233,420
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 Maquoketa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52060 | $76,650 | $150,725 | $233,420 | $313,665 | $478,730 |
Source: Ownwell
Property Tax Bills Across Maquoketa, Iowa
In Maquoketa, property tax bills are calculated based on the assessed value of a home, which considers factors like market value, property size, and location within Clinton County. The median home price in Maquoketa is $233,420, and property taxes are determined by applying the local tax rate to this assessed value. For example, homeowners in the 25th percentile can expect an annual tax bill of around $1,959, while those in the 75th percentile might see a bill closer to $4,332. At the 90th percentile, the tax bill can reach up to $6,226. The highest and lowest median tax bills in the area both stand at $2,964, corresponding to the zip code 52060. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. With the national median property tax rate at 0.99%, homeowners in Maquoketa experience a range of tax bills that reflect the diverse property values within the city.
Average Maquoketa Tax Bill
$2,964
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Maquoketa, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52060 | $1,260 | $1,959 | $2,964 | $4,332 | $6,226 |
Source: Ownwell