Dixon, Scott County, Iowa Property Taxes
The median property tax rate in Dixon, IA is 1.00%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Dixon, the typical annual property tax bill amounts to $1,949, which is below the national median of $2,690. Property taxes in Dixon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dixon'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 Dixon 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
Dixon, Scott County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,048
$1,900
Ownwell’s Dixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixon 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 Dixon, Scott County, Iowa
Property taxes in Dixon, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixon is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Dixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixon 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 Dixon's effective property tax rate to the national median. For comparison, the 52745 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Dixon provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixon Tax Rate
1.00%
Average Scott County Tax Rate
1.63%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixon, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | 0.73% | 0.83% | 1.00% | 1.15% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Dixon, Scott County, Iowa
In Dixon, 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 Scott 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 Dixon, 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 Dixon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dixon's zip code 52745 are both $1,949, which is relatively moderate compared to national figures.
Property Tax Assessment Values Across Dixon, Scott County, Iowa
Source: Ownwell
$87,475
$197,388
$307,300
Average Dixon Assessed Value
$204,800
Average Scott County Assessed Value
$184,110
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixon, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | $73,880 | $115,650 | $204,800 | $301,000 | $381,820 |
Source: Ownwell
Property Tax Bills Across Dixon, Scott County, Iowa
In Dixon, Iowa, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $204,800, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,175 annually, while those in the 75th percentile face bills of approximately $2,888. At the 90th percentile, the tax bill can reach up to $3,920. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the specific tax rate set by Scott County. These property taxes are crucial for funding local services like schools, public safety, and infrastructure. For homeowners, understanding these factors is essential, as property taxes represent a significant annual expense. Comparing Dixon's property tax rate to the national median of 0.99% can help homeowners gauge their tax burden relative to other parts of the country.
Average Dixon Tax Bill
$1,949
Average Scott County Tax Bill
$2,966
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixon, Scott County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52745 | $682 | $1,175 | $1,949 | $2,888 | $3,920 |
Source: Ownwell