Dixon, Iowa Property Taxes
The median property tax rate in Dixon, IA is 1.11%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $96,285 in Dixon, the typical annual property tax bill amounts to $1,040, which is below the national median of $2,690. Property taxes in Dixon are based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Dixon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're located in the heart of Dixon or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dixon, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,069
Ownwell’s Dixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixon 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 Dixon, Iowa
Property taxes in Dixon, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixon is 1.11%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixon 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 Dixon's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52745 zip code has the highest median property tax rate of 1.11%, while the 52745 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Dixon provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixon Tax Rate
1.11%
Average Clinton County Tax Rate
1.59%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | 1.06% | 1.09% | 1.11% | 1.15% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Dixon, Iowa
In Dixon, 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 Clinton 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 Dixon, 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 Dixon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52745, with a median tax bill of $1,040.
Average Dixon Assessed Value
$96,285
Average Clinton County Assessed Value
$133,420
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | $42,982 | $61,900 | $96,285 | $121,222 | $123,135 |
Source: Ownwell
Property Tax Bills Across Dixon, Iowa
In Dixon, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Dixon is $96,285, and property tax rates in Clinton County are competitive. For instance, the median property tax bill is $1,040, which is slightly above the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Dixon can expect tax bills ranging from $660 at the 25th percentile to $1,342 at the 75th percentile, with the 90th percentile reaching up to $1,376. These tax obligations can significantly impact household budgets, making it essential for homeowners to stay informed about their property assessments and potential tax savings opportunities.
Average Dixon Tax Bill
$1,040
Average Clinton County Tax Bill
$2,178
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | $487 | $660 | $1,040 | $1,342 | $1,376 |
Source: Ownwell