La Motte, Dubuque County, Iowa Property Taxes
The median property tax rate in LA MOTTE, IA is 1.08%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in LA MOTTE at $247,000, the typical annual property tax bill reaches $2,967, surpassing the national median of $2,690. Property taxes in LA MOTTE are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA MOTTE'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 LA MOTTE or another part of Dubuque County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Motte, Dubuque County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,668
$2,475
Ownwell’s LA MOTTE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA MOTTE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA MOTTE 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 La Motte, Dubuque County, Iowa
Property taxes in La Motte, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Motte is 1.08%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within La Motte set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Motte 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 La Motte's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52054 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with La Motte 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 La Motte Tax Rate
1.08%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Motte, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | 0.99% | 1.03% | 1.08% | 1.17% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across La Motte, Dubuque County, Iowa
In LA MOTTE, 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 LA MOTTE, 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 LA MOTTE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2967.00, found in zip code 52054.
Property Tax Assessment Values Across La Motte, Dubuque County, Iowa
Source: Ownwell
$165,600
$258,422
$351,244
Average La Motte Assessed Value
$247,000
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 La Motte, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | $135,114 | $211,481 | $247,000 | $339,937 | $478,083 |
Source: Ownwell
Property Tax Bills Across La Motte, Dubuque County, Iowa
In La Motte, IA, located in Dubuque County, property tax bills are calculated based on the assessed value of a home. The process begins with the county assessor determining the market value of a property. This value is then multiplied by the assessment ratio to arrive at the assessed value. Local tax rates, set by various taxing authorities such as school districts and municipalities, are applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. For instance, in La Motte, the median home price is $247,000, with tax bills ranging from $2,234 at the 25th percentile to $5,554 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $2,967, indicating a relatively uniform tax rate within the zip code 52054. These property taxes significantly impact homeowners by contributing to essential public services like education, infrastructure, and emergency services. Understanding how these bills are calculated helps homeowners better anticipate their annual financial obligations.
Average La Motte Tax Bill
$2,967
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across La Motte, Dubuque County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52054 | $1,520 | $2,234 | $2,967 | $4,082 | $5,554 |
Source: Ownwell