Farley, Dubuque County, Iowa Property Taxes
Median Farley, IA effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Farley, IA home value: $229,700
Median annual Farley, IA tax bill: $2,460, $60 higher than the national median property tax bill of $2,400.
How are property taxes in Dubuque County calculated?
Property taxes in Farley, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Farley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farley, Dubuque County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$2,919
$2,709
Property Tax Rates Across Farley, Dubuque County, Iowa
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Farley Tax Rate
1.27%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dubuque County Tax Rate
1.29%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farley, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52046 | 1.00% | 1.16% | 1.27% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Farley, Dubuque County, Iowa
When examining property taxes in Farley, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dubuque County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Dubuque County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Farley. For example, the median home price in Farley is $229,700, with tax bills ranging significantly across the county. 52046 has the highest median home price at $229,700.
Property Tax Assessment Values Across Farley, Dubuque County, Iowa
Source: Ownwell
$166,100
$258,150
$350,200
Median Farley Market Value
$229,850
Median Dubuque County Market Value
$218,000
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farley, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52046 | $138,830 | $177,275 | $229,850 | $321,575 | $423,500 |
Source: Ownwell
Property Tax Bills Across Farley, Dubuque County, Iowa
In Farley, Dubuque County, IA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the final tax bill. Homeowners in Farley face a median property tax bill of $2,460, which is slightly above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,949 and the 90th percentile reaching $4,736, reflecting differences in home values and neighborhood tax rates.
These tax bills can significantly impact homeowners, as they represent a substantial annual expense. However, Ownwell offers valuable support by helping homeowners appeal their property tax assessments and identify potential exemptions they may qualify for. By leveraging their expertise, Ownwell can assist homeowners in reducing their tax burden, ensuring they pay only what is fair. This service not only helps save money but also provides peace of mind, knowing that property taxes are being managed effectively.
Median Farley Tax Bill
$2,768
Median Dubuque County Tax Bill
$2,752
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Farley, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52046 | $1,680 | $2,173 | $2,768 | $3,810 | $5,136 |
Source: Ownwell