Clare, Webster County, Iowa Property Taxes
The median property tax rate in Clare, IA is 1.10%, which is slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Clare, the typical annual property tax bill reaches $1,560, well below the national median of $2,690. Property taxes in Clare are calculated based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Clare'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 Clare 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
Clare, Webster County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,519
$1,410
Ownwell’s Clare Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clare with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clare 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 Clare, Webster County, Iowa
Property taxes in Clare, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clare is 1.10%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Clare set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clare 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 Clare's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50524 zip code has the highest median property tax rate of 1.10%, while the same 50524 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Clare provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clare Tax Rate
1.10%
Average Webster County Tax Rate
1.86%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clare, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50524 | 0.91% | 0.98% | 1.10% | 1.38% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Clare, Webster County, Iowa
In Clare, 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 Webster 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 Clare, 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 Clare helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 50524 has both the highest and lowest median tax bill, standing at $1,560.
Property Tax Assessment Values Across Clare, Webster County, Iowa
Source: Ownwell
$64,475
$166,513
$268,550
Average Clare Assessed Value
$138,130
Average Webster County Assessed Value
$94,900
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clare, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50524 | $24,400 | $64,565 | $138,130 | $207,055 | $297,882 |
Source: Ownwell
Property Tax Bills Across Clare, Webster County, Iowa
In Clare, IA, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. Various factors such as property location, size, and improvements are considered in this assessment. For homeowners in Clare, the median home price is $138,130. The property tax rate in Clare is influenced by local government budgets and the funding needs of public services such as schools and infrastructure. Homeowners can expect a property tax bill ranging from $888 at the 25th percentile to $2,246 at the 75th percentile, with the 90th percentile reaching up to $3,012. Compared to the national median property tax rate of 0.99%, Clare's property tax bills reflect the local economic conditions and funding requirements. This system ensures that property taxes are proportionate to the value and characteristics of each home, ultimately affecting homeowners' annual financial obligations.
Average Clare Tax Bill
$1,560
Average Webster County Tax Bill
$1,626
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clare, Webster County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50524 | $381 | $888 | $1,560 | $2,246 | $3,012 |
Source: Ownwell