Durango, Iowa Property Taxes
The median property tax rate in Durango, IA is 1.03%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $260,392 in Durango, the typical annual property tax bill is $2,642, just under the national median of $2,690. Property taxes in Durango are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Durango'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 Durango or another part of Dubuque County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Durango, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,682
Ownwell’s Durango Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durango with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durango 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 Durango, Iowa
Property taxes in Durango, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durango is 1.03%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Durango set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durango 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 Durango's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52039 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Durango provides valuable insights into the varying tax landscape across Dubuque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Durango Tax Rate
1.03%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durango, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52039 | 0.84% | 0.92% | 1.03% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Durango, Iowa
In Durango, 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 Dubuque 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 Durango, 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. The median home price in Durango is $260,392, with tax bills ranging from $1,782 at the 25th percentile to $4,923 at the 90th percentile. Interestingly, the zip code 52039 has both the highest and lowest median tax bill of $2,642. 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.
Average Durango Assessed Value
$260,392
Average Dubuque County Assessed Value
$216,801
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Durango, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52039 | $128,326 | $187,450 | $260,392 | $342,150 | $469,850 |
Source: Ownwell
Property Tax Bills Across Durango, Iowa
In Durango, located in Dubuque County, IA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Homeowners in Durango face a median property tax rate of 1.01%, slightly above the national median of 0.99%. This rate is applied to the assessed value to determine the annual tax bill. For instance, with a median home price of $260,392, homeowners can expect a tax bill that varies significantly depending on their property's assessed value. The 25th percentile tax bill is around $1,782, while the 75th percentile reaches $3,679, and the 90th percentile can be as high as $4,923. These figures reflect the range of tax burdens homeowners might face. Higher property taxes can impact homeowners by increasing their annual housing costs, potentially influencing decisions on purchasing or maintaining a home. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Durango Tax Bill
$2,642
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Durango, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52039 | $1,236 | $1,782 | $2,642 | $3,679 | $4,923 |
Source: Ownwell