Dexter, Guthrie County, Iowa Property Taxes
The median property tax rate in Dexter, IA is 1.02%, 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 $214,150 in Dexter, the typical annual property tax bill amounts to $2,338, which is below the national median of $2,690. Property taxes in Dexter are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Dexter's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Dexter or another part of Guthrie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dexter, Guthrie County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,184
$2,027
Ownwell’s Dexter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dexter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities and make informed decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Guthrie County for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Dexter, Guthrie County, Iowa
Property taxes in Dexter, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 1.02%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50070 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Dexter provides valuable insights into the varying tax landscape across Guthrie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dexter Tax Rate
1.02%
Average Guthrie County Tax Rate
1.18%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dexter, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50070 | 0.79% | 0.90% | 1.02% | 1.13% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Guthrie County, Iowa
In Dexter, 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 Guthrie 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 Dexter, 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. For instance, the median home price in Dexter is $214,150, with tax bills ranging from $1,036 at the 25th percentile to $5,018 at the 90th percentile. 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 Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dexter, Guthrie County, Iowa
Source: Ownwell
$55,000
$227,000
$399,000
Average Dexter Assessed Value
$214,150
Average Guthrie County Assessed Value
$152,050
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dexter, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50070 | $47,700 | $101,725 | $214,150 | $353,825 | $464,080 |
Source: Ownwell
Property Tax Bills Across Dexter, Guthrie County, Iowa
In Dexter, IA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by the local government to calculate the tax bill. Key factors influencing the tax bill include the property's location, market trends, and any applicable exemptions or deductions. For homeowners in Dexter, the median home price is $214,150. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $1,036 and the 75th percentile reaching $3,792. The highest median tax bill in the region is $2,338, which is also the lowest, indicating a consistent tax rate within the zip code 50070. Compared to the national median property tax rate of 0.99%, Dexter's tax bills reflect the specific economic and market conditions of Guthrie County. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Dexter Tax Bill
$2,338
Average Guthrie County Tax Bill
$1,994
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter, Guthrie County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50070 | $416 | $1,036 | $2,338 | $3,792 | $5,018 |
Source: Ownwell