Dougherty, Iowa Property Taxes
The median property tax rate in Dougherty, IA is 1.19%, 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 $205,440 in Dougherty, the typical annual property tax bill reaches $3,686, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dougherty's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dougherty or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dougherty, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,445
Ownwell’s Dougherty Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dougherty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dougherty 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 Dougherty, Iowa
Property taxes in Dougherty, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dougherty is 1.19%, notably higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Dougherty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dougherty 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 Dougherty's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50433 zip code has the highest median property tax rate of 1.19%, while the 50433 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Dougherty provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dougherty Tax Rate
1.19%
Average Butler County Tax Rate
1.42%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dougherty, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50433 | 1.02% | 1.03% | 1.19% | 1.32% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Dougherty, Iowa
In Dougherty, 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 Butler 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 Dougherty, 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. For instance, the median home price in Dougherty is $205,440, with tax bills varying widely. The 25th percentile tax bill is $2,080, while the 75th percentile tax bill is $4,518, and the 90th percentile tax bill reaches $5,652. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dougherty Assessed Value
$205,440
Average Butler County Assessed Value
$143,820
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dougherty, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50433 | $137,394 | $179,830 | $205,440 | $314,600 | $462,658 |
Source: Ownwell
Property Tax Bills Across Dougherty, Iowa
In Dougherty, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. Homeowners in Dougherty can expect a median home price of $205,440. The tax rate is then applied to this assessed value to determine the annual tax bill. For instance, homeowners at the 25th percentile pay around $2,080, while those at the 75th percentile face bills closer to $4,518. At the 90th percentile, property tax bills can reach up to $5,652. These figures illustrate the range of property tax burdens within the area, influenced by factors such as property size, location, and market conditions. High property taxes can impact homeowners' budgets significantly, making it crucial to understand and potentially appeal assessed values to ensure fair taxation.
Average Dougherty Tax Bill
$3,686
Average Butler County Tax Bill
$1,964
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dougherty, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50433 | $1,759 | $2,080 | $3,686 | $4,518 | $5,652 |
Source: Ownwell