Perry, Iowa Property Taxes
The median property tax rate in Perry, IA is 1.77%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Perry at $119,270, the typical annual property tax bill reaches $2,038, which is still below the national median of $2,690. Property taxes in Perry are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Perry'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 Perry 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
Perry, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$2,111
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry 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 Perry, Iowa
Property taxes in Perry, Iowa, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Perry is 1.77%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary considerably across different neighborhoods. Each year, Perry 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 Perry's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 50220 has both the highest and lowest median property tax rate of 1.77%. Understanding how these cities compare with Perry 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 Perry Tax Rate
1.77%
Average Dallas County Tax Rate
1.62%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50220 | 1.16% | 1.56% | 1.77% | 1.94% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Iowa
In Perry, 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 Appraisal District 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 Perry, 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 Perry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Perry is $119,270, with the highest and lowest median tax bill being $2,038 in the 50220 zip code.
Average Perry Assessed Value
$119,270
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 Perry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50220 | $43,457 | $81,025 | $119,270 | $170,260 | $254,943 |
Source: Ownwell
Property Tax Bills Across Perry, Iowa
In Perry, located in Dallas County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements made to the home. For homeowners in Perry, the median home price is $119,270. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,430 and the 75th percentile reaching $2,908. The top 10% of property tax bills go up to $4,018. Comparatively, the highest median tax bill in Perry's zip code 50220 stands at $2,038, which is higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Perry residents. Understanding how these factors interplay can help homeowners better anticipate their property tax obligations.
Average Perry Tax Bill
$2,038
Average Dallas County Tax Bill
$3,638
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Perry, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50220 | $655 | $1,430 | $2,038 | $2,908 | $4,018 |
Source: Ownwell