Dunkerton, Iowa Property Taxes
The median property tax rate in Dunkerton, IA is 1.27%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $175,225 in Dunkerton, the typical annual property tax bill is around $2,223, slightly below the national median of $2,690. Property taxes in Dunkerton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dunkerton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dunkerton or another part of Black Hawk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunkerton, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,225
Ownwell’s Dunkerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunkerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunkerton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dunkerton, Iowa
Property taxes in Dunkerton, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunkerton is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dunkerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunkerton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dunkerton's effective property tax rate to other counties in Iowa and the national median. For comparison, Dunkerton's zip code 50626 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Dunkerton provides valuable insights into the varying tax landscape across Black Hawk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunkerton Tax Rate
1.27%
Average Black Hawk County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunkerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50626 | 1.02% | 1.09% | 1.27% | 1.35% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Dunkerton, Iowa
In Dunkerton, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Black Hawk County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Dunkerton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dunkerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,223 in zip code 50626, while the lowest median tax bill is also $2,223 in the same zip code.
Average Dunkerton Assessed Value
$175,225
Average Black Hawk County Assessed Value
$149,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunkerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50626 | $43,882 | $107,670 | $175,225 | $260,915 | $358,234 |
Source: Ownwell
Property Tax Bills Across Dunkerton, Iowa
In Dunkerton, Black Hawk County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $175,225, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,408, while the 75th percentile tax bill can reach up to $3,254. For those in the 90th percentile, the tax bill can soar to $4,278. These property tax bills are influenced by factors such as property location, local government budgets, and specific levies for schools or infrastructure projects. Compared to the national median property tax rate of 0.99%, homeowners in Dunkerton may experience varying financial impacts. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Dunkerton Tax Bill
$2,223
Average Black Hawk County Tax Bill
$2,318
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunkerton, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50626 | $636 | $1,408 | $2,223 | $3,254 | $4,278 |
Source: Ownwell