Clemons, Marshall County, Iowa Property Taxes
The median property tax rate in Clemons, IA is 1.07%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $107,370 in Clemons, the typical annual property tax bill amounts to $1,153, which is below the national median of $2,690. Property taxes in Clemons 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 Clemons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clemons or another part of Marshall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clemons, Marshall County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,149
$1,066
Ownwell’s Clemons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clemons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clemons 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 Clemons, Marshall County, Iowa
Property taxes in Clemons, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clemons is 1.07%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clemons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clemons 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 Clemons's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50051 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Clemons provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clemons Tax Rate
1.07%
Average Marshall County Tax Rate
1.58%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clemons, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50051 | 0.71% | 0.90% | 1.07% | 1.28% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Clemons, Marshall County, Iowa
In Clemons, 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 Marshall 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 Clemons, 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 Clemons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Marshall County, the median home price is $107,370. The 25th percentile tax bill is $450, while the 75th percentile tax bill is $1,857, and the 90th percentile tax bill is $3,035. The highest and lowest median tax bills are both $1,153 in the 50051 zip code.
Property Tax Assessment Values Across Clemons, Marshall County, Iowa
Source: Ownwell
$31,865
$126,573
$221,280
Average Clemons Assessed Value
$107,370
Average Marshall County Assessed Value
$128,210
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clemons, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50051 | $18,002 | $55,800 | $107,370 | $183,025 | $280,798 |
Source: Ownwell
Property Tax Bills Across Clemons, Marshall County, Iowa
In Clemons, located in Marshall County, IA, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessment process involves evaluating various factors such as the property's size, location, and condition. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. For homeowners in Clemons, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $450, while at the 75th percentile, it rises to $1,857. At the higher end, the 90th percentile tax bill reaches $3,035. This can have a substantial impact on homeowners, influencing both their monthly budgets and long-term financial planning. Comparatively, Clemons' property tax rates can be contrasted with the national median property tax rate of 0.99%. Understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Clemons Tax Bill
$1,153
Average Marshall County Tax Bill
$1,909
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clemons, Marshall County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50051 | $198 | $450 | $1,153 | $1,857 | $3,035 |
Source: Ownwell