Mc Gregor, Clayton County, Iowa Property Taxes

Name: Property Tax Bills Across Mc Gregor, Clayton County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MC GREGOR, IA effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median MC GREGOR, IA home value: $145,098
Median annual MC GREGOR, IA tax bill: $1,964, $436 lower than the national median property tax bill of $2,400.

How are property taxes in Clayton calculated?

Property taxes in MC GREGOR, 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 MC GREGOR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC GREGOR, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mc Gregor, Clayton County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$2,046

$1,899

Ownwell’s Mc Gregor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mc Gregor with just two data points. By entering your property's estimated assessed value, our calculator applies Mc Gregor’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clayton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mc Gregor, Clayton County, Iowa

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county, such as Clayton County, estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. MC GREGOR in Iowa's Clayton County is a notable example. The effective property tax rate here stands at 1.41%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Clayton County, as the highest and lowest rates are the same. When compared to the U.S. median property tax bill of $2,400, MC GREGOR's rate reflects the local government's budgetary requirements and property valuations. By understanding these dynamics, property owners can better navigate their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Mc Gregor, Clayton County, Iowa

Source: Ownwell

1.00%

1.31%

1.62%

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 Mc Gregor Tax Rate

1.41%

Median Effective Clayton County Tax Rate

1.34%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mc Gregor, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52157	1.09%	1.17%	1.41%	1.66%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Mc Gregor, Clayton County, Iowa

When examining property taxes in MC GREGOR, IA, 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 Clayton County appraisal district 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. Assessment notices: In Clayton 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 MC GREGOR. For example, the median home price in MC GREGOR is $145,098, with tax bills ranging significantly across the county. 52157 has the highest median home price at $145,098.

Property Tax Assessment Values Across Mc Gregor, Clayton County, Iowa

Source: Ownwell

$66,342

$124,361

$182,379

Median Mc Gregor Market Value

$145,098

Median Clayton County Market Value

$133,780

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mc Gregor, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52157	$39,176	$83,377	$145,098	$230,877	$296,602

Source: Ownwell

Property Tax Bills Across Mc Gregor, Clayton County, Iowa

In McGregor, IA, located in Clayton County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is then multiplied by the local property tax rate to calculate the tax bill. For homeowners in McGregor, the property tax bills can vary significantly, with the 25th percentile at $1,172 and the 75th percentile reaching $2,882. This variation reflects differences in property values and applicable exemptions. Homeowners in McGregor may find themselves paying a median tax bill of $1,964, which is below the national median property tax bill of $2,400. Despite this, property taxes can still pose a financial burden. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their assessed property values, thereby lowering their tax bills. This service can offer significant savings, ensuring homeowners pay only what is fair and equitable.

Property Tax Bills Across Mc Gregor, Clayton County, Iowa

Source: Ownwell

$554

$1,453

$2,351

Median Mc Gregor Tax Bill

$1,964

Median Clayton County Tax Bill

$1,792

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Gregor, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52157	$559	$1,172	$1,964	$2,882	$4,322

Source: Ownwell