Dunlap, Iowa Property Taxes
The median property tax rate in Dunlap, IA is 1.56%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Dunlap at $117,680, the typical annual property tax bill reaches $1,806, falling below the national median of $2,690. Property taxes in Dunlap are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dunlap'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 Dunlap 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
Dunlap, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,836
Ownwell’s Dunlap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunlap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunlap 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 Dunlap, Iowa
Property taxes in Dunlap, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunlap is 1.56%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dunlap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunlap 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 Dunlap's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51529 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Dunlap provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunlap Tax Rate
1.56%
Average Harrison County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunlap, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51529 | 1.06% | 1.36% | 1.56% | 1.69% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Dunlap, Iowa
In Dunlap, 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 Harrison 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 Dunlap, 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 Dunlap helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dunlap is $117,680, with tax bills ranging from $1,206 at the 25th percentile to $3,760 at the 90th percentile. The highest and lowest median tax bills both occur in the 51529 zip code, standing at $1,806.
Average Dunlap Assessed Value
$117,680
Average Harrison County Assessed Value
$150,125
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunlap, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51529 | $28,978 | $73,400 | $117,680 | $187,110 | $287,002 |
Source: Ownwell
Property Tax Bills Across Dunlap, Iowa
In Dunlap, located in Harrison County, IA, property tax bills are calculated based on the assessed value of the home. Assessors determine this value by evaluating the property's market value, which is influenced by factors such as location, size, and condition. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $117,680, homeowners in Dunlap can expect varying tax bills. At the 25th percentile, the tax bill is approximately $1,206, while at the 75th percentile, it rises to about $2,702. The highest tax bills, at the 90th percentile, can reach up to $3,760. Comparatively, the national median property tax rate is 0.99%, highlighting that Dunlap's tax rates can significantly affect homeowners' expenses. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life within the community. Homeowners should be aware of these factors as they contribute to the overall cost of homeownership in Dunlap.
Average Dunlap Tax Bill
$1,806
Average Harrison County Tax Bill
$1,959
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunlap, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51529 | $533 | $1,206 | $1,806 | $2,702 | $3,760 |
Source: Ownwell