Royal, Clay County, Iowa Property Taxes
Median ROYAL, IA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median ROYAL, IA home value: $85,550
Median annual ROYAL, IA tax bill: $977, $1,423 lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in ROYAL, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding ROYAL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ROYAL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Royal, Clay County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$1,001
$929
Property Tax Rates Across Royal, Clay County, Iowa
Local government entities set property tax rates, which can vary significantly even within a single state. This is because each year, counties estimate their required budget to provide essential services and divide that by the total assessed value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this annual process is the fundamental method used.
In Royal, located in Clay County, Iowa, the effective property tax rate is a key consideration for homeowners. Compared to other cities in Iowa, Royal's tax rate aligns with the median property tax rate for the state, which stands at 1.17%. This rate is slightly higher than the national median property tax rate of 1.02%. Consequently, property owners in Royal might find their tax bills higher than the national median property tax bill of $2,400. Understanding these rates and how they compare to state and national averages can help residents make informed decisions about property ownership and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Royal Tax Rate
1.17%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Clay County Tax Rate
1.37%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Royal, Clay County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51357 | 0.80% | 0.96% | 1.17% | 1.30% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Royal, Clay County, Iowa
When examining property taxes in Royal, Iowa, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clay County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Royal.
For example, the median home price in Royal is $85,550, with tax bills ranging significantly across the county. 51357 has the highest median home price at $85,550.
Property Tax Assessment Values Across Royal, Clay County, Iowa
Source: Ownwell

$57,080
$137,660
$218,240
Median Royal Market Value
$85,550
Median Clay County Market Value
$145,050
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Royal, Clay County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51357 | $23,075 | $46,650 | $85,550 | $138,458 | $236,020 |
Source: Ownwell
Property Tax Bills Across Royal, Clay County, Iowa
In Royal, located in Clay County, Iowa, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Royal is $85,550, with a median tax bill of $977. This is significantly lower than the national median property tax bill of $2,400. Tax rates in Royal are influenced by local government budgets and the funding needs of public services such as schools and infrastructure. Homeowners in Royal may see tax bills ranging from $508 at the 25th percentile to $2,333 at the 90th percentile, reflecting the variability based on property value and local levies.
Ownwell can assist homeowners in Royal by reviewing their property assessments to ensure accuracy, identifying potential errors that could lead to overpayment. By filing appeals on behalf of homeowners, Ownwell can help reduce property tax obligations, ensuring that residents pay only their fair share. This service can provide significant savings, especially in areas with fluctuating property values and tax rates.
Median Royal Tax Bill
$977
Median Clay County Tax Bill
$1,910
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Royal, Clay County, Iowa
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
51357 | $208 | $508 | $977 | $1,478 | $2,333 |
Source: Ownwell