Dickens, Clay County, Iowa Property Taxes
The median property tax rate in Dickens, IA is 1.13%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $124,470 in Dickens, the typical annual property tax bill amounts to $1,397, still under the national median of $2,690. Property taxes in Dickens are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding the property tax system in Dickens, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dickens or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickens, Clay County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,407
$1,305
Ownwell’s Dickens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickens 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 Dickens, Clay County, Iowa
Property taxes in Dickens, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickens is 1.13%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickens 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 Dickens's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51333 zip code has the highest median property tax rate of 1.13%, while the 51333 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Dickens provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickens Tax Rate
1.13%
Average Clay County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickens, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51333 | 0.91% | 1.02% | 1.13% | 1.29% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Dickens, Clay County, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dickens, IA. 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 local 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 Dickens, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1,397 in the 51333 zip code, while the lowest is also $1,397 in the same zip code.
Property Tax Assessment Values Across Dickens, Clay County, Iowa
Source: Ownwell
$57,080
$137,660
$218,240
Average Dickens Assessed Value
$124,470
Average Clay County Assessed Value
$145,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickens, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51333 | $23,870 | $62,532 | $124,470 | $197,975 | $258,209 |
Source: Ownwell
Property Tax Bills Across Dickens, Clay County, Iowa
In Dickens, located in Clay County, IA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Dickens is $124,470. To determine the tax bill, the assessed value of the home is multiplied by the local tax rate. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. Homeowners in Dickens experience varying tax bills. For instance, the 25th percentile tax bill is $657, while the 75th percentile tax bill reaches $2178. At the 90th percentile, homeowners could see tax bills as high as $2806. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Dickens to understand how local rates and assessments impact their tax obligations. The highest and lowest median tax bills in Dickens both stand at $1397, indicating a consistent tax rate across the zip code 51333. Understanding these factors helps homeowners budget effectively and anticipate their annual property tax expenses.
Average Dickens Tax Bill
$1,397
Average Clay County Tax Bill
$1,910
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickens, Clay County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51333 | $269 | $657 | $1,397 | $2,178 | $2,806 |
Source: Ownwell