Durant, Muscatine County, Iowa Property Taxes
The median property tax rate in Durant, IA is 1.16%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $308,875 in Durant, the typical annual property tax bill amounts to $3,622, significantly exceeding the national median of $2,690. Property taxes in Durant are calculated based on the tax assessed value, which is often below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Durant'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 Durant 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
Durant, Muscatine County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$3,583
$3,325
Ownwell’s Durant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durant 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 Durant, Muscatine County, Iowa
Property taxes in Durant, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durant is 1.16%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Durant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durant 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 Durant's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52747 zip code has the highest median property tax rate of 1.16%, while the 52747 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Durant 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 Durant Tax Rate
1.16%
Average Muscatine County Tax Rate
1.67%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Durant, Muscatine County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52747 | 0.27% | 1.05% | 1.16% | 1.54% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Durant, Muscatine County, Iowa
In Durant, 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 local authorities 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 Durant, 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 Durant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Durant is $308,875. The median annual property tax bill ranges significantly, with the 25th percentile at $2,402 and the 90th percentile reaching $6,675. Notably, the highest and lowest median tax bills are both $3,622 in the 52747 zip code.
Property Tax Assessment Values Across Durant, Muscatine County, Iowa
Source: Ownwell
$64,010
$186,443
$308,875
Average Durant Assessed Value
$308,875
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 Durant, Muscatine County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52747 | $166,650 | $252,058 | $308,875 | $380,910 | $458,668 |
Source: Ownwell
Property Tax Bills Across Durant, Muscatine County, Iowa
In Durant, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by Muscatine County. The tax rate in Durant can vary, but it generally reflects the funding requirements for local services such as schools, infrastructure, and public safety. Homeowners in Durant see a range of tax bills. For instance, the 25th percentile tax bill is around $2,402, while the 75th percentile tax bill reaches $5,354. At the 90th percentile, homeowners could pay up to $6,675. These amounts are influenced by the home's market value, which in Durant has a median of $308,875. Compared to the national median property tax rate of 0.99%, Durant's tax bills suggest a higher local rate, which can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Durant Tax Bill
$3,622
Average Muscatine County Tax Bill
$2,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Durant, Muscatine County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52747 | $826 | $2,402 | $3,622 | $5,354 | $6,675 |
Source: Ownwell