Linden, Iowa Property Taxes
The median property tax rate in Linden, Iowa is 1.16%, slightly higher than the national median of 0.99% but lower than Iowa's state median of 1.54%. With the median home value in Linden at $155,330, the typical annual property tax bill reaches $1,722, which is below the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Linden'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 Linden or another part of Dallas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linden, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,802
Ownwell’s Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden 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 Linden, Iowa
Property taxes in Linden, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 1.16%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linden 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 Linden's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50146 zip code has the highest median property tax rate of 1.16%, while the 50146 zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Linden provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
1.16%
Average Dallas County Tax Rate
1.62%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | 0.87% | 0.95% | 1.16% | 1.39% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Iowa
In Linden, 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 Dallas 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 Linden, 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. For example, the highest median tax bill in Linden is $1,722 in the 50146 zip code, while the lowest is also $1,722 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Linden Assessed Value
$155,330
Average Dallas County Assessed Value
$264,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | $19,940 | $72,125 | $155,330 | $251,665 | $340,780 |
Source: Ownwell
Property Tax Bills Across Linden, Iowa
In Linden, Dallas County, IA, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The property’s assessed value is a percentage of its market value, and this assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $155,330, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $1,058, while at the 75th percentile, they can reach up to $2,516. The highest tax bills, at the 90th percentile, can be as high as $3,356. These tax rates and bills impact homeowners by influencing their overall cost of living and can affect decisions related to buying or selling property. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding how local rates stack up. Understanding these factors is crucial for homeowners to budget effectively and make informed financial decisions.
Average Linden Tax Bill
$1,722
Average Dallas County Tax Bill
$3,638
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50146 | $381 | $1,058 | $1,722 | $2,516 | $3,356 |
Source: Ownwell