Clarinda, Iowa Property Taxes
The median property tax rate in Clarinda, IA is 1.06%, slightly higher than the national median of 0.99% but below the Iowa state median of 1.54%. With a median home value of $121,315 in Clarinda, the typical annual property tax bill amounts to $1,519, which is lower than the national median of $2,690. Property taxes in Clarinda are calculated based on the assessed value, generally lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Clarinda'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 Clarinda or another part of Taylor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarinda, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,286
Ownwell’s Clarinda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarinda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarinda 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 Clarinda, Iowa
Property taxes in Clarinda, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarinda stands at 1.06%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clarinda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarinda 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 Clarinda's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51632 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Clarinda provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarinda Tax Rate
1.06%
Average Taylor County Tax Rate
1.27%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarinda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51632 | 0.81% | 0.97% | 1.06% | 1.17% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Clarinda, Iowa
In Clarinda, 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 Taylor 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 Clarinda, 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 Clarinda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1519, found in zip code 51632.
Average Clarinda Assessed Value
$121,315
Average Taylor County Assessed Value
$80,810
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarinda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51632 | $68,300 | $105,422 | $121,315 | $197,958 | $244,650 |
Source: Ownwell
Property Tax Bills Across Clarinda, Iowa
In Clarinda, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Clarinda is $121,315. Property tax rates are applied to this assessed value to calculate the annual tax bill. For homeowners in Clarinda, the 25th percentile tax bill is $1,083, while the 75th percentile tax bill reaches $2,291. At the 90th percentile, property tax bills can be as high as $2,580. Several factors influence these tax bills, including property location, home value, and local government budgets. The highest and lowest median tax bills in Clarinda are both $1,519, indicating a consistent tax rate within the 51632 zip code. This consistency helps homeowners plan their finances more effectively. Compared to the national median property tax rate of 0.99%, Clarinda's rates can vary significantly, affecting homeowners' annual expenses. Understanding these factors can help residents anticipate their property tax obligations and manage their budgets accordingly.
Average Clarinda Tax Bill
$1,519
Average Taylor County Tax Bill
$1,036
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarinda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51632 | $606 | $1,083 | $1,519 | $2,291 | $2,580 |
Source: Ownwell