Donahue, Iowa Property Taxes
The median property tax rate in Donahue, IA is 1.02%, 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 Donahue at $224,400, the typical annual property tax bill reaches $2,346, which is below the national median of $2,690. Property taxes in Donahue 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 Donahue'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 Donahue 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
Donahue, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,289
Ownwell’s Donahue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Donahue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Donahue 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 Donahue, Iowa
Property taxes in Donahue, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Donahue is 1.02%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Donahue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Donahue 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 Donahue's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52746 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Donahue 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 Donahue Tax Rate
1.02%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Donahue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52746 | 0.75% | 0.90% | 1.02% | 1.12% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Donahue, Iowa
In Donahue, 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. In Donahue, 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 Donahue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Donahue is $224,400. The tax bill ranges from $1,438 at the 25th percentile to $3,398 at the 75th percentile, with the highest median tax bill being $2,346 in zip code 52746.
Average Donahue Assessed Value
$224,400
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 Donahue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52746 | $25,200 | $119,500 | $224,400 | $325,450 | $410,300 |
Source: Ownwell
Property Tax Bills Across Donahue, Iowa
In Donahue, IA, property tax bills are calculated based on the assessed value of a home, which is determined by Scott County. The assessed value is then multiplied by the local property tax rate. For Donahue, the median home price stands at $224,400. Homeowners in this area can expect their tax bills to vary significantly depending on their property's assessed value and any applicable exemptions. The 25th percentile of tax bills in Donahue is around $1,438, while the 75th percentile reaches $3,398. Those in the 90th percentile face tax bills as high as $4,336. These figures indicate a wide range of property tax burdens, reflecting differences in property values and possibly the presence of various exemptions or deductions. Comparatively, Donahue's property tax rates are influenced by the local government's budgetary needs and services provided. Homeowners in this region should stay informed about their property's assessed value and any potential changes in the tax rate to effectively manage their financial planning.
Average Donahue Tax Bill
$2,346
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Donahue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52746 | $470 | $1,438 | $2,346 | $3,398 | $4,336 |
Source: Ownwell