Saint Olaf, Clayton County, Iowa Property Taxes

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

Median SAINT OLAF, IA effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median SAINT OLAF, IA home value: $145,060
Median annual SAINT OLAF, IA tax bill: $1,818, $582 lower than the national median property tax bill of $2,400.

How are property taxes in Clayton calculated?

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

Last Updated March 1, 2025

Saint Olaf, Clayton County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,875

$1,740

Ownwell’s Saint Olaf Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint Olaf with just two data points. By entering your property's estimated assessed value, our calculator applies Saint Olaf’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 Saint Olaf, Clayton County, Iowa

Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.

In Saint Olaf, located in Clayton County, Iowa, the effective property tax rate is an important factor for property owners to consider. Compared to other cities in Iowa, Saint Olaf's rate is aligned with the state median property tax rate of 1.28%, which is higher than the national median of 1.02%. This means that property owners in Saint Olaf might find themselves paying more in property taxes compared to the national average, with the median property tax bill exceeding the national median of $2,400. Understanding these rates can help property owners in Saint Olaf make informed decisions about their property investments and potential tax appeals.

Property Tax Rates Across Saint Olaf, Clayton County, Iowa

Source: Ownwell

1.01%

1.33%

1.64%

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 Saint Olaf Tax Rate

1.26%

Median Effective Clayton County Tax Rate

1.28%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Saint Olaf, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52072	1.03%	1.13%	1.26%	1.55%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Saint Olaf, Clayton County, Iowa

When examining property taxes in Saint Olaf, 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 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 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 Saint Olaf. For example, the median home price in Saint Olaf is $145,060, with tax bills ranging significantly across the county. Zip code 52072 has the highest median home price at $145,060.

Property Tax Assessment Values Across Saint Olaf, Clayton County, Iowa

Source: Ownwell

$67,187

$124,890

$182,592

Median Saint Olaf Market Value

$148,830

Median Clayton County Market Value

$135,359

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Saint Olaf, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52072	$44,080	$92,430	$148,830	$199,673	$289,696

Source: Ownwell

Property Tax Bills Across Saint Olaf, Clayton County, Iowa

In Saint Olaf, property tax bills are calculated based on the assessed value of a home, which is determined by the Clayton County Assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Saint Olaf typically pay a median property tax bill of $1,818, which is below the national median of $2,400. The tax bills in the area can vary significantly, with the 25th percentile at $1,190 and the 90th percentile reaching $2,968. Factors such as changes in home value, local tax rates, and available exemptions can impact the final tax bill, affecting a homeowner's financial planning. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and ensuring homeowners are not overpaying, Ownwell can help reduce tax bills and provide peace of mind. This service ensures that homeowners in Saint Olaf pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Saint Olaf, Clayton County, Iowa

Source: Ownwell

$543

$1,376

$2,208

Median Saint Olaf Tax Bill

$1,903

Median Clayton County Tax Bill

$1,812

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Saint Olaf, Clayton County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52072	$608	$1,300	$1,903	$2,610	$3,205

Source: Ownwell