Clarion, Iowa Property Taxes
The median property tax rate in Clarion, IA is 1.74%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Clarion at $115,400, the typical annual property tax bill reaches $1,880, which is below the national median of $2,690. Property taxes in Clarion are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clarion'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 Clarion 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
Clarion, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$2,008
Ownwell’s Clarion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarion 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 Clarion, Iowa
Property taxes in Clarion, Iowa, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarion is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clarion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarion 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 Clarion's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50525 has both the highest and lowest median property tax rate of 1.74%. Understanding how these cities compare with Clarion provides valuable insights into the varying tax landscape across Wright County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarion Tax Rate
1.74%
Average Wright County Tax Rate
1.74%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarion, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50525 | 1.24% | 1.42% | 1.74% | 1.92% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Clarion, Iowa
In Clarion, 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 Wright 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 Clarion, 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 Clarion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clarion is $115,400, with the highest median tax bill found in the 50525 zip code at $1,880.
Average Clarion Assessed Value
$115,400
Average Wright County Assessed Value
$98,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarion, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50525 | $34,520 | $66,450 | $115,400 | $184,000 | $299,200 |
Source: Ownwell
Property Tax Bills Across Clarion, Iowa
Property tax bills in Clarion, located in Wright County, IA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The tax rate, set by local taxing authorities, is then applied to the assessed value to determine the annual tax bill. For homeowners in Clarion, the median home price is $115,400. Property tax bills in this area can vary significantly, with the 25th percentile at $1,116 and the 75th percentile reaching $3,024. At the 90th percentile, tax bills can be as high as $4,638. Comparatively, the national median property tax rate is 0.99%, which can help homeowners gauge how their tax obligations measure up nationally. Understanding how property tax bills are calculated helps homeowners in Clarion plan their finances and anticipate yearly expenses. The assessed value and tax rate are crucial factors, and changes in either can significantly impact the annual tax bill.
Average Clarion Tax Bill
$1,880
Average Wright County Tax Bill
$1,678
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarion, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50525 | $600 | $1,116 | $1,880 | $3,024 | $4,638 |
Source: Ownwell