Dubuque, Iowa Property Taxes
The median property tax rate in Dubuque, IA is 1.33%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With a median home value of $197,900 in Dubuque, the typical annual property tax bill reaches $2,610, slightly below the national median of $2,690. Property taxes in Dubuque are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Dubuque'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 Dubuque or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dubuque, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,632
Ownwell’s Dubuque Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dubuque with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dubuque 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 Dubuque, Iowa
Property taxes in Dubuque, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dubuque is 1.33%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dubuque set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dubuque 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 Dubuque's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52001 zip code has the highest median property tax rate of 1.33%, while the 52002 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Dubuque provides valuable insights into the varying tax landscape across Dubuque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dubuque Tax Rate
1.33%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dubuque, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52001 | 1.10% | 1.25% | 1.33% | 1.40% | 1.48% |
| 52002 | 1.10% | 1.23% | 1.32% | 1.37% | 1.42% |
| 52003 | 1.04% | 1.12% | 1.32% | 1.38% | 1.42% |
| 52099 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Dubuque, Iowa
In Dubuque, 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 Dubuque 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 Dubuque, 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 Dubuque helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $3,490 in the 52003 zip code, while the lowest median tax bill is $2,211 in the 52001 zip code.
Average Dubuque Assessed Value
$197,900
Average Dubuque County Assessed Value
$216,801
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dubuque, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52001 | $74,600 | $118,000 | $165,600 | $220,000 | $297,724 |
| 52002 | $177,300 | $202,100 | $251,800 | $344,000 | $448,000 |
| 52003 | $150,610 | $199,975 | $279,250 | $391,075 | $549,350 |
| 52099 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Dubuque, Iowa
In Dubuque, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The local tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. For example, if a home in Dubuque has a median home price of $197,900, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,880 annually, while those in the 75th percentile might see bills as high as $3,620. The highest median tax bill in the area is $3,490 in the 52003 zip code, contrasting with the lowest median tax bill of $2,211 in the 52001 zip code. These variations depend on several factors including property location, market value fluctuations, and local government budgets. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Dubuque Tax Bill
$2,610
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dubuque, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52001 | $1,036 | $1,566 | $2,211 | $2,910 | $3,921 |
| 52002 | $2,288 | $2,622 | $3,292 | $4,350 | $5,550 |
| 52003 | $1,912 | $2,566 | $3,490 | $4,848 | $7,068 |
| 52099 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell