Melcher Dallas, Marion County, Iowa Property Taxes
The median property tax rate in Melcher Dallas, IA is 1.42%, which is considerably higher than the national median of 0.99% but slightly below the Iowa state median of 1.54%. With the median home value in Melcher Dallas, the typical annual property tax bill reaches $1,484, which is below the national median of $2,690. Property taxes in Melcher Dallas are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Melcher Dallas'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 Melcher Dallas 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
Melcher Dallas, Marion County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,498
$1,390
Ownwell’s Melcher Dallas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Melcher Dallas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Melcher Dallas 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 Melcher Dallas, Marion County, Iowa
Property taxes in Melcher Dallas, Iowa, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Melcher Dallas is 1.42%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Melcher Dallas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melcher Dallas 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 Melcher Dallas's effective property tax rate to other areas in Iowa and the national median. For comparison, the zip code 50163 has the highest median property tax rate of 1.45%, while the zip code 50062 has the lowest median tax rate of 1.39%. Understanding how these areas compare with Melcher Dallas provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Melcher Dallas Tax Rate
1.42%
Average Marion County Tax Rate
1.40%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melcher Dallas, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50062 | 1.12% | 1.23% | 1.39% | 1.53% | 1.63% |
| 50163 | 1.15% | 1.32% | 1.45% | 1.57% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Melcher Dallas, Marion County, Iowa
In Melcher Dallas, 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 Marion 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 Melcher Dallas, 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 Melcher Dallas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1752 in zip code 50062, while the lowest is $1236 in zip code 50163.
Property Tax Assessment Values Across Melcher Dallas, Marion County, Iowa
Source: Ownwell
$49,925
$161,023
$272,120
Average Melcher Dallas Assessed Value
$105,470
Average Marion County Assessed Value
$185,955
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Melcher Dallas, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50062 | $31,040 | $73,700 | $128,780 | $181,320 | $248,818 |
| 50163 | $27,688 | $58,660 | $89,470 | $125,420 | $160,900 |
Source: Ownwell
Property Tax Bills Across Melcher Dallas, Marion County, Iowa
In Melcher Dallas, located in Marion County, IA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the property tax rate is applied to this value to determine the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Melcher Dallas, the tax bill can vary significantly. For example, at the 25th percentile, homeowners might pay around $894, while at the 75th percentile, the tax bill can reach approximately $2,096. The highest median tax bill recorded in the area is $1,752 in the 50062 zip code, whereas the lowest is $1,236 in the 50163 zip code. These property taxes are crucial for funding local services such as schools, infrastructure, and public safety. Homeowners should be aware of how these taxes impact their overall expenses and the value they provide to the community.
Average Melcher Dallas Tax Bill
$1,484
Average Marion County Tax Bill
$2,660
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Melcher Dallas, Marion County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50062 | $472 | $996 | $1,752 | $2,387 | $3,204 |
| 50163 | $351 | $754 | $1,236 | $1,816 | $2,277 |
Source: Ownwell