Dysart, Iowa Property Taxes
The median property tax rate in Dysart, IA is 1.68%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Dysart at $138,800, the typical annual property tax bill reaches $2,169, slightly below the national median of $2,690. Property taxes in Dysart 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 Dysart'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 Dysart 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
Dysart, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$2,332
Ownwell’s Dysart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dysart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dysart 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 Dysart, Iowa
Property taxes in Dysart, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dysart is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dysart set these rates annually, and they can vary across different neighborhoods. Each year, Dysart 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 Dysart's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52224 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Dysart provides valuable insights into the varying tax landscape across Tama County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dysart Tax Rate
1.68%
Average Tama County Tax Rate
1.60%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dysart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52224 | 1.09% | 1.44% | 1.68% | 1.88% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Dysart, Iowa
In Dysart, 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 Tama 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 Dysart, 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 Dysart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dysart are both $2,169, found in the 52224 zip code.
Average Dysart Assessed Value
$138,800
Average Tama County Assessed Value
$107,220
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dysart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52224 | $69,436 | $100,770 | $138,800 | $191,868 | $259,709 |
Source: Ownwell
Property Tax Bills Across Dysart, Iowa
In the city of Dysart, located in Tama County, IA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the home. Homeowners in Dysart can expect their property tax bill to be influenced by several factors, including the property's assessed value and the local tax rate. For instance, with a median home price of $138,800, the tax bill varies significantly across different percentiles. At the 25th percentile, homeowners might pay around $1,608 annually, while those at the 75th percentile could see bills as high as $3,039. The top 10% of property tax bills can reach up to $4,306. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in local tax burdens. Understanding how property taxes are calculated in Dysart is crucial for homeowners, as it directly impacts their annual financial obligations and overall cost of homeownership.
Average Dysart Tax Bill
$2,169
Average Tama County Tax Bill
$1,687
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Dysart, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52224 | $1,086 | $1,608 | $2,169 | $3,039 | $4,306 |
Source: Ownwell