Clutier, Iowa Property Taxes
The median property tax rate in Clutier, IA is 1.30%, 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 $91,445 in Clutier, the typical annual property tax bill amounts to $1,122, which is below the national median of $2,690. Property taxes in Clutier are calculated based on the assessed value of the property, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clutier'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 Clutier or another part of Tama County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clutier, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,189
Ownwell’s Clutier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clutier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clutier 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 Clutier, Iowa
Property taxes in Clutier, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clutier is 1.30%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clutier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clutier 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 Clutier's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52217 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Clutier provides valuable insights into the varying tax landscape across Tama County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clutier Tax Rate
1.30%
Average Tama County Tax Rate
1.60%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clutier, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52217 | 0.92% | 1.10% | 1.30% | 1.45% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Clutier, Iowa
In Clutier, 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 Tama 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 Clutier, 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 Clutier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 52217 has the highest and lowest median tax bill at $1,122, reflecting the uniformity in the area.
Average Clutier Assessed Value
$91,445
Average Tama County Assessed Value
$107,220
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clutier, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52217 | $25,151 | $50,962 | $91,445 | $162,648 | $212,234 |
Source: Ownwell
Property Tax Bills Across Clutier, Iowa
In Clutier, situated in Tama County, IA, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The tax rate for this area is derived from the local government's budgetary needs, which include funding for public services like schools, infrastructure, and emergency services. Homeowners in Clutier see a diverse range of tax bills, depending on their property's assessed value. For instance, the median home price stands at $91,445. Tax bills can vary significantly, with the 25th percentile at $638, the 75th percentile at $1,994, and the 90th percentile reaching up to $2,706. These figures highlight the disparity in property taxes within the community. Compared to the national median property tax rate of 0.99%, homeowners in Clutier may find their tax obligations either more manageable or more burdensome. Understanding these factors helps homeowners better anticipate their annual property tax bills and plan their finances accordingly.
Average Clutier Tax Bill
$1,122
Average Tama County Tax Bill
$1,687
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clutier, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52217 | $355 | $638 | $1,122 | $1,994 | $2,706 |
Source: Ownwell