Davenport, Iowa Property Taxes
The median property tax rate in Davenport, IA is 1.80%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Davenport, the typical annual property tax bill reaches $2,758, exceeding the national median of $2,690. Property taxes in Davenport 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 Davenport'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 Davenport 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
Davenport, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,704
Ownwell’s Davenport Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davenport 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 Scott County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Davenport, Iowa
Property taxes in Davenport, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 1.80%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other areas in Iowa and the national median. For comparison, the 52803 zip code has the highest median property tax rate of 1.84%, while the 52801 zip code has the lowest median tax rate of 1.73%. Understanding how these areas compare with Davenport provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davenport Tax Rate
1.80%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52801 | 1.50% | 1.73% | 1.73% | 1.73% | 1.73% |
| 52802 | 1.42% | 1.59% | 1.79% | 2.06% | 2.60% |
| 52803 | 1.54% | 1.69% | 1.84% | 2.00% | 2.31% |
| 52804 | 1.42% | 1.66% | 1.79% | 1.92% | 2.18% |
| 52806 | 1.62% | 1.72% | 1.80% | 1.90% | 2.08% |
| 52807 | 1.50% | 1.66% | 1.78% | 1.88% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, Iowa
In Davenport, 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 Scott 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. 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 instance, the highest median tax bill in Davenport is $4,849 in the 52807 zip code, while the lowest is $1,633 in the 52802 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 Davenport Assessed Value
$150,195
Average Scott County Assessed Value
$184,110
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52801 | $114,630 | $114,630 | $135,470 | $151,550 | $172,830 |
| 52802 | $50,551 | $69,542 | $87,475 | $106,368 | $132,406 |
| 52803 | $70,633 | $101,660 | $138,065 | $184,502 | $253,917 |
| 52804 | $88,270 | $114,528 | $144,685 | $181,670 | $270,514 |
| 52806 | $106,370 | $137,780 | $173,860 | $232,910 | $291,070 |
| 52807 | $65,770 | $145,775 | $277,140 | $379,880 | $471,882 |
Source: Ownwell
Property Tax Bills Across Davenport, Iowa
In Davenport, located in Scott County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the market value of the property. Homeowners in Davenport can expect their property tax bills to vary significantly depending on their property's assessed value and location within the city. For instance, the median home price in Davenport is $150,195, which influences the overall tax bill. Factors such as the specific tax rates set by local taxing authorities and the presence of any applicable exemptions also play a crucial role in determining the final tax bill. Homeowners in the 25th percentile can expect a tax bill around $1,964, while those in the 75th percentile might see bills as high as $3,934. For properties in the 90th percentile, tax bills can reach up to $5,675. Notably, the highest median tax bill is $4,849 in the 52807 zip code, contrasting with the lowest median tax bill of $1,633 in the 52802 zip code. This range highlights the variability in property tax obligations across Davenport.
Average Davenport Tax Bill
$2,758
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52801 | $1,800 | $1,984 | $2,106 | $2,622 | $2,990 |
| 52802 | $858 | $1,238 | $1,633 | $2,078 | $2,702 |
| 52803 | $1,260 | $1,918 | $2,620 | $3,500 | $4,694 |
| 52804 | $1,536 | $2,074 | $2,634 | $3,307 | $4,522 |
| 52806 | $1,912 | $2,468 | $3,211 | $4,262 | $5,314 |
| 52807 | $972 | $2,417 | $4,849 | $6,821 | $8,325 |
Source: Ownwell