Clermont, Fayette County, Iowa Property Taxes

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

Median Clermont, IA effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Clermont, IA home value: $126,050
Median annual Clermont, IA tax bill: $1,612, $788 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

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

Last Updated March 1, 2025

Clermont, Fayette County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$1,676

$1,556

Ownwell’s Clermont Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clermont with just two data points. By entering your property's estimated assessed value, our calculator applies Clermont’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 Fayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Clermont, Fayette County, Iowa

Local government entities in Iowa are responsible for setting property tax rates, which can vary significantly within the state. Each year, counties like Fayette, where Clermont is located, estimate their necessary budget to provide essential services. This budget is then divided by the total value of all taxable property within the county to determine the property tax rate. Although votes and legislation are part of the process, this is essentially how tax rates are calculated annually.

In Clermont, the effective property tax rate is a reflection of the county’s financial requirements and property values. Compared to other cities in Iowa, Clermont's rate aligns with the state median. However, it is notably higher than the national median property tax rate of 1.02%. This means residents in Clermont may face higher property tax bills compared to the national average. Understanding these rates can help property owners make informed decisions about their real estate investments and financial planning. By comparing these rates, residents can gain a better understanding of how their property taxes stack up against both state and national figures.

Property Tax Rates Across Clermont, Fayette County, Iowa

Source: Ownwell

1.00%

1.28%

1.56%

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 Clermont Tax Rate

1.33%

Median Effective Fayette County Tax Rate

1.39%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Clermont, Fayette County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52135	0.98%	1.18%	1.33%	1.43%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Clermont, Fayette County, Iowa

When examining property taxes in Clermont, 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 Fayette 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 Fayette 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 Clermont.

For example, the median home price in Clermont is $126,050, with tax bills ranging significantly across the county. Zip code 52135 has the highest median home price at $126,050.

Property Tax Assessment Values Across Clermont, Fayette County, Iowa

Source: Ownwell

$59,830

$192,195

$324,560

Median Clermont Market Value

$126,050

Median Fayette County Market Value

$118,020

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Clermont, Fayette County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52135	$36,242	$74,008	$126,050	$195,605	$293,322

Source: Ownwell

Property Tax Bills Across Clermont, Fayette County, Iowa

In Clermont, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For instance, with a median home price of $126,050, homeowners can expect their tax bill to align closely with the median tax bill of $1,612. This figure is notably below the national median property tax bill of $2,400, reflecting a more affordable tax environment. Homeowners in Clermont may experience tax bills as low as $888 at the 25th percentile, while those at the 75th percentile might see bills around $2,510. The tax rate and assessed value are crucial in determining the final bill, impacting homeowners' finances significantly. Fortunately, Ownwell offers expert property tax appeal and exemption services to help homeowners potentially reduce their tax burdens. By leveraging local knowledge and industry expertise, Ownwell can identify opportunities for savings, ensuring homeowners only pay their fair share. This service not only alleviates financial pressure but also enhances property value over time.

Property Tax Bills Across Clermont, Fayette County, Iowa

Source: Ownwell

$703

$2,515

$4,326

Median Clermont Tax Bill

$1,612

Median Fayette County Tax Bill

$1,568

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Clermont, Fayette County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52135	$468	$888	$1,612	$2,510	$3,742

Source: Ownwell