Redfield, Dallas County, Iowa Property Taxes
The median property tax rate in Redfield, IA is 1.25%, which is higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Redfield at $139,820, the typical annual property tax bill reaches $1,624, still below the national median of $2,690. Property taxes in Redfield 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 Redfield'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 Redfield 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
Redfield, Dallas County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,748
$1,622
Ownwell’s Redfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Redfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Redfield 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 Redfield, Dallas County, Iowa
Property taxes in Redfield, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Redfield is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Redfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redfield 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 Redfield's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 50233 has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these figures compare with Redfield provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Redfield Tax Rate
1.25%
Average Dallas County Tax Rate
1.62%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redfield, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50233 | 0.73% | 0.81% | 1.25% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Redfield, Dallas County, Iowa
In Redfield, 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 Dallas 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. Being aware of these valuation processes in Redfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Redfield is $139,820, with the 25th percentile tax bill at $970 and the 75th percentile tax bill at $2,290. The highest and lowest median tax bills are both $1,624 in the 50233 zip code.
Property Tax Assessment Values Across Redfield, Dallas County, Iowa
Source: Ownwell
$117,375
$362,623
$607,870
Average Redfield Assessed Value
$139,820
Average Dallas County Assessed Value
$264,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Redfield, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50233 | $37,948 | $86,420 | $139,820 | $219,865 | $330,320 |
Source: Ownwell
Property Tax Bills Across Redfield, Dallas County, Iowa
In Redfield, located in Dallas County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. Various factors, including the property's size, location, and condition, contribute to this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. The national median property tax rate stands at 0.99%, but local rates can vary. For instance, in Redfield, homeowners can expect tax bills ranging from $970 at the 25th percentile to $3,039 at the 90th percentile. This tax burden can significantly impact homeowners, influencing decisions on buying, selling, or renovating properties. While the highest median tax bill in the area is recorded at $1,624, it remains crucial for homeowners to stay informed about their property's assessed value and the corresponding tax implications.
Average Redfield Tax Bill
$1,624
Average Dallas County Tax Bill
$3,638
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Redfield, Dallas County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50233 | $357 | $970 | $1,624 | $2,290 | $3,039 |
Source: Ownwell