Okoboji, Dickinson County, Iowa Property Taxes
Median Okoboji, IA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Okoboji, IA home value: $301,000
Median annual Okoboji, IA tax bill: $2,674, $274 higher than the national median property tax bill of $2,400.
How are property taxes in Dickinson County calculated?
Property taxes in Okoboji, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Okoboji’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Okoboji, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Okoboji, Dickinson County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$2,318
$2,151
Property Tax Rates Across Okoboji, Dickinson County, Iowa
Local government entities in Iowa set property tax rates, which can vary significantly across the state. Each year, Dickinson County estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate for the area. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
Okoboji, located in Dickinson County, has an effective property tax rate that aligns with the median for the state. This rate is notably lower than the national median property tax rate of 1.02%. Residents of Okoboji benefit from this lower rate, which can result in more affordable property tax bills compared to the national median bill of $2400. This allows for potential savings and financial relief for homeowners in the area. By understanding how property tax rates are determined and how Okoboji compares to other regions, property owners can make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Okoboji Tax Rate
0.77%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dickinson County Tax Rate
0.82%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Okoboji, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51355 | 0.49% | 0.67% | 0.77% | 0.88% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Okoboji, Dickinson County, Iowa
When examining property taxes in Okoboji, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dickinson County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Dickinson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Okoboji. For example, the median home price in Okoboji is $301,000, with tax bills ranging significantly across the county. Zip code 51355 has the highest median home price at $301,000.
Property Tax Assessment Values Across Okoboji, Dickinson County, Iowa
Source: Ownwell
$23,300
$182,675
$342,050
Median Okoboji Market Value
$301,000
Median Dickinson County Market Value
$263,050
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Okoboji, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51355 | $10,600 | $45,500 | $301,000 | $856,400 | $1,973,380 |
Source: Ownwell
Property Tax Bills Across Okoboji, Dickinson County, Iowa
In Okoboji, located in Dickinson County, IA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and condition of the property. In Okoboji, homeowners face a median property tax bill of $2,674, which is slightly above the national median of $2,400. This rate can vary significantly, with the 25th percentile tax bill at $606 and the 90th percentile reaching up to $14,690, reflecting the diverse range of property values in the area.
High property tax bills can be a burden for homeowners, affecting their overall financial well-being. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners in Okoboji potentially reduce their tax burdens. Our team of experts reviews property assessments and identifies opportunities to challenge and lower tax bills, ensuring homeowners pay only their fair share.
Median Okoboji Tax Bill
$2,674
Median Dickinson County Tax Bill
$2,470
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Okoboji, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51355 | $46 | $606 | $2,674 | $6,649 | $14,690 |
Source: Ownwell