Davenport, Iowa Property Taxes
The median property tax rate in Davenport, IA is 1.72%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Davenport at $51,310, the typical annual property tax bill reaches $884, which is below the national median of $2,690. Property taxes in Davenport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Davenport'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 Davenport 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
Davenport, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$883
Ownwell’s Davenport Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Davenport to provide an estimate of your property tax bill. This valuable tool helps you gain insight into potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Davenport, Iowa
Property taxes in Davenport, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 1.72%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52803 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Davenport provides valuable insights into the varying tax landscape across Muscatine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davenport Tax Rate
1.72%
Average Muscatine County Tax Rate
1.67%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52803 | 1.32% | 1.47% | 1.72% | 1.96% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, Iowa
In Davenport, 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 Muscatine 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 Davenport, 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 Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Davenport is 52803, with a median tax bill of $884.00.
Average Davenport Assessed Value
$51,310
Average Muscatine County Assessed Value
$148,385
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52803 | $50,694 | $50,925 | $51,310 | $51,695 | $51,926 |
Source: Ownwell
Property Tax Bills Across Davenport, Iowa
In Davenport, located in Muscatine 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 property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. For homeowners in Davenport, the median home price is $51,310. Property tax bills can vary significantly, with the 25th percentile tax bill at $750 and the 75th percentile at $1,018. The 90th percentile tax bill reaches up to $1,098. These figures indicate a range of tax burdens, depending on the specific characteristics and assessed value of individual properties. Compared to the national median property tax rate of 0.99%, Davenport's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors can help homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Davenport Tax Bill
$884
Average Muscatine County Tax Bill
$2,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Davenport, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52803 | $670 | $750 | $884 | $1,018 | $1,098 |
Source: Ownwell