Dundee, Delaware County, Iowa Property Taxes
The median property tax rate in Dundee, IA is 1.27%, 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 $138,400, the typical annual property tax bill in Dundee reaches $1,795, which is below the national median of $2,690. Property taxes in Dundee are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dundee'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 Dundee or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dundee, Delaware County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,758
$1,631
Ownwell’s Dundee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dundee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundee to estimate your property tax bill. This valuable 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 Dundee, Delaware County, Iowa
Property taxes in Dundee, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundee is 1.27%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dundee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundee 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 Dundee's effective property tax rate to other areas in Iowa and the national median. For comparison, the 52038 zip code has the highest median property tax rate of 1.27%, while the 52038 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Dundee provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundee Tax Rate
1.27%
Average Delaware County Tax Rate
1.30%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundee, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52038 | 0.97% | 1.04% | 1.27% | 1.49% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, Delaware County, Iowa
In Dundee, 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 Delaware County 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 Dundee, 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 Dundee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 52038 has both the highest and lowest median tax bill, which is $1795.
Property Tax Assessment Values Across Dundee, Delaware County, Iowa
Source: Ownwell
$89,650
$190,725
$291,800
Average Dundee Assessed Value
$138,400
Average Delaware County Assessed Value
$182,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dundee, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52038 | $18,580 | $75,400 | $138,400 | $250,750 | $384,920 |
Source: Ownwell
Property Tax Bills Across Dundee, Delaware County, Iowa
In Dundee, Delaware County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. The property tax rate is then applied to this assessed value to calculate the tax bill. For instance, with a median home price of $138,400, the tax bill can vary significantly. Homeowners at the 25th percentile pay around $1,134, while those at the 75th percentile see bills as high as $2,757. At the 90th percentile, the tax bill can reach up to $4,353. Factors influencing the tax bill include the property's location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Dundee's rates can be a financial consideration for homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Dundee Tax Bill
$1,795
Average Delaware County Tax Bill
$2,420
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundee, Delaware County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52038 | $320 | $1,134 | $1,795 | $2,757 | $4,353 |
Source: Ownwell