Calmar, Howard County, Iowa Property Taxes
The median property tax rate in Calmar, IA is 1.13%, 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 Calmar at $135,710, the typical annual property tax bill reaches $1,676, falling below the national median of $2,690. Property taxes in Calmar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Calmar'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 Calmar 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
Calmar, Howard County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,534
$1,423
Ownwell’s Calmar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calmar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calmar 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 Calmar, Howard County, Iowa
Property taxes in Calmar, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calmar is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Calmar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calmar 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 Calmar's effective property tax rate to other areas and the national median. For comparison, the 52132 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Calmar provides valuable insights into the varying tax landscape across Winneshiek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calmar Tax Rate
1.13%
Average Howard County Tax Rate
1.43%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calmar, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52132 | 1.03% | 1.11% | 1.13% | 1.19% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Calmar, Howard County, Iowa
In Calmar, 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 Howard 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 Calmar, 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 Calmar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,676 in the zip code 52132.
Property Tax Assessment Values Across Calmar, Howard County, Iowa
Source: Ownwell
$78,735
$134,103
$189,470
Average Calmar Assessed Value
$135,710
Average Howard County Assessed Value
$120,780
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calmar, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52132 | $46,020 | $85,620 | $135,710 | $197,830 | $243,934 |
Source: Ownwell
Property Tax Bills Across Calmar, Howard County, Iowa
In Calmar, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, in Howard County, where Calmar is located, the median home price is $135,710. Homeowners in this region can expect their property taxes to vary significantly, with tax bills at the 25th percentile around $1,054, and those at the 75th percentile reaching $2,139. At the 90th percentile, tax bills can be as high as $2,759. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Calmar's rates can result in higher or lower tax bills depending on the specific assessed value and exemptions applied. This variability can significantly impact homeowners' annual budgets.
Average Calmar Tax Bill
$1,676
Average Howard County Tax Bill
$1,672
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Calmar, Howard County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52132 | $487 | $1,054 | $1,676 | $2,139 | $2,759 |
Source: Ownwell