Official Clay County, Iowa website, the
main site for all things related to County Government in Clay County,
Iowa. Courthouse located in Spencer, Iowa.
1NOTE: Legal descriptions on the web may have been shortened for
computer purposes, therefore, they cannot be used for legal matters. Please contact
the proper office for full legal descriptions.
Credits and Exemptions: Homestead
(Applied 2024 AND 2025)
Note n/a indicates that a credit exists but
the dollar amount of the credit is not available.
Current Tax Levy on the Property - Distribution of Funds:
Taxing Entity
Percent of Tax Dollars
Current Dollars
Last Year Dollars
County Wide Current
County Wide Last Year
SPENCER INC
40.918%
940.30
876.09
7,196,411.00
7,226,607.00
SPENCER SCHOOL
37.121%
853.03
853.62
8,805,115.00
9,282,650.00
COUNTY/CO.WIDE
15.134%
347.78
326.79
5,863,703.00
5,748,924.00
MERGED AREA 3
3.488%
80.16
74.33
8,486,628.00
8,211,242.00
ASSESSOR
1.336%
30.69
29.80
517,511.00
524,358.00
DEBT SERVICE
1.299%
29.86
34.34
529,757.00
628,951.00
AG EXTENSION
.698%
16.05
14.87
270,546.00
261,696.00
SPEC.DIST/T.B.
.006%
.13
.16
354,498.00
462,458.00
Totals
100%
2,298.00
Tax Calculation 2023-2024
Assessed Value
139,310
The assessed value is set by the assessor. The
assessed value is multiplied by a rollback factor resulting in the
Net Assessed Value.
8The rollback factor varies for
each parcel, consequently it is not
possible to display a single rollback percentage. (The County
Auditor can supply the actual rollback(s) for each parcel.)
The Military exemption, if any, is subtracted from the Net Assessed
Value giving the Taxable Value.
The Levy Rate (%) is set annually by the state. Gross Taxes Due
are calculated by multiplying the taxable value by the Levy Rate.
From the Gross Taxes Due several credits may be given. These include
the Homestead Credit,
Elderly Credit (determined by income), Agriculture
Land Credit, Family Farm,
(percent of value), and Business Property Tax Credits.
Finally, any future payments are subtracted from the Gross Taxes Due.
This yields the Net Taxes Due which are rounded to the nearest even
dollar. Taxes are payable in two installments due
on Sept 30, 2023 and on March 31, 2024
2
Adobe Acrobat Reader 7.0 or later recomended for viewing documents. 3A "1" indicates a grantor and a "2"
the grantee. The entity receiving an interest in a property is the GRANTEE. A
GRANTOR is the entity that is selling or giving up an interest in a property.
4NOTE: Legal descriptions on the web may have been shortened for
computer purposes, therefore, they cannot be used for legal matters. Please contact
the proper office for full legal descriptions.
Information current through close of business 04/18/2024
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