Guttenberg, Iowa Property Taxes
The median property tax rate in Guttenberg, IA is 0.99%, aligning with the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Guttenberg at $276,388, the typical annual property tax bill reaches $2,770, slightly above the national median of $2,690. Property taxes in Guttenberg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Guttenberg'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 Guttenberg 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
Guttenberg, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,736
Ownwell’s Guttenberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guttenberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guttenberg 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 Guttenberg, Iowa
Property taxes in Guttenberg, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guttenberg is 1.01%, slightly higher than both the Iowa state median of 1.00% and the U.S. national median of 0.99%. Local government entities within Guttenberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guttenberg 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 Guttenberg's effective property tax rate to other counties in Iowa and the national median. For comparison, the highest median property tax rate in Dubuque County is 1.01%, while the lowest median tax rate is also 1.01%. Understanding how these cities compare with Guttenberg 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 Guttenberg Tax Rate
0.99%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guttenberg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52052 | 0.87% | 0.91% | 0.99% | 1.12% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Guttenberg, Iowa
In Guttenberg, 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. Assessment notices in Guttenberg 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 Guttenberg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52052, with a median tax bill of $2,770.
Average Guttenberg Assessed Value
$276,388
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 Guttenberg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52052 | $154,084 | $217,778 | $276,388 | $329,192 | $387,711 |
Source: Ownwell
Property Tax Bills Across Guttenberg, Iowa
In Guttenberg, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $276,388, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,194, while the 75th percentile sees a tax bill of approximately $3,331. For those in the 90th percentile, the tax bill can reach up to $4,374. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Guttenberg's rates can significantly impact homeowners' finances. The highest median tax bill in the area is $2,770, which aligns with the lowest median tax bill, both found in the 52052 zip code. This uniformity suggests a consistent approach to property tax assessments within the city.
Average Guttenberg Tax Bill
$2,770
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Guttenberg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52052 | $1,468 | $2,194 | $2,770 | $3,331 | $4,374 |
Source: Ownwell