Dexter, Madison County, Iowa Property Taxes

Name: Property Tax Bills Across Dexter, Madison County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Dexter, IA effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Dexter, IA home value: $205,150
Median annual Dexter, IA tax bill: $2,404, $4 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

Property taxes in Dexter, 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 Dexter’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dexter, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Dexter, Madison County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$2,482

$2,304

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, our calculator applies Dexter’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dexter, Madison County, Iowa

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Dexter, located in Madison County, Iowa, property tax rates are determined based on the county's budget needs and the total assessed value of properties. The median property tax rate in Iowa is slightly higher than the national median of 1.02%, reflecting the state's approach to funding essential services. Dexter's effective property tax rate is comparable to other cities in Iowa, showcasing a consistent approach to property taxation across the state.

Comparing these rates to the national median provides insight into how Dexter and other cities in Iowa manage their property taxes. Understanding these rates helps property owners anticipate their tax responsibilities and highlights the importance of appealing or seeking exemptions when necessary.

Property Tax Rates Across Dexter, Madison County, Iowa

Source: Ownwell

1.17%

1.40%

1.62%

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 Dexter Tax Rate

1.21%

Median Effective Madison County Tax Rate

1.44%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dexter, Madison County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50070	1.08%	1.13%	1.21%	1.28%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Dexter, Madison County, Iowa

When examining property taxes in Dexter, 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 Madison County Appraisal District 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 Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Dexter. For example, the median home price in Dexter is $205,150, with tax bills ranging significantly across the county. Zip code 50070 has the highest median home price at $205,150.

Property Tax Assessment Values Across Dexter, Madison County, Iowa

Source: Ownwell

$27,000

$230,650

$434,300

Median Dexter Market Value

$205,150

Median Madison County Market Value

$216,500

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dexter, Madison County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50070	$84,550	$144,075	$205,150	$300,800	$402,350

Source: Ownwell

Property Tax Bills Across Dexter, Madison County, Iowa

In Dexter, Madison County, 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 tax rate to determine the annual property tax bill. The median home price in Dexter is $205,150, which contributes to the property tax calculations. Homeowners in Dexter face a median tax bill that can vary significantly, with the 25th percentile at $1,742 and the 75th percentile at $3,552. The highest median tax bill recorded in the area is $2,404, aligning closely with the national median property tax bill of $2,400. These taxes impact homeowners by affecting monthly mortgage payments and overall housing affordability. Ownwell can help homeowners in Dexter reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing assessed values and ensuring they are fair, Ownwell helps homeowners potentially lower their tax burden, leading to significant savings and increased financial relief.

Property Tax Bills Across Dexter, Madison County, Iowa

Source: Ownwell

$373

$2,969

$5,564

Median Dexter Tax Bill

$2,404

Median Madison County Tax Bill

$3,138

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Dexter, Madison County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50070	$929	$1,742	$2,404	$3,552	$4,337

Source: Ownwell