Spirit Lake, Dickinson County, Iowa Property Taxes
Median Spirit Lake, IA effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Spirit Lake, IA home value: $281,000
Median annual Spirit Lake, IA tax bill: $2,592, $192 higher than the national median property tax bill of $2,400.
How are property taxes in Dickinson calculated?
Property taxes in Spirit Lake, 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 Spirit Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spirit Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spirit Lake, Dickinson County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$2,248
$2,086
Property Tax Rates Across Spirit Lake, Dickinson County, Iowa
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 Spirit Lake Tax Rate
0.80%
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 Spirit Lake, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51360 | 0.64% | 0.72% | 0.80% | 1.10% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Spirit Lake, Dickinson County, Iowa
When examining property taxes in Spirit Lake, Iowa, 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 Assessor 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 Spirit Lake. For example, the median home price in Spirit Lake is $281,000, with tax bills ranging significantly across the county. ZIP code 51360 has the highest median home price at $281,000.
Property Tax Assessment Values Across Spirit Lake, Dickinson County, Iowa
Source: Ownwell
$23,300
$182,675
$342,050
Median Spirit Lake Market Value
$281,000
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 Spirit Lake, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51360 | $62,800 | $146,800 | $281,000 | $556,300 | $932,880 |
Source: Ownwell
Property Tax Bills Across Spirit Lake, Dickinson County, Iowa
In Spirit Lake, Dickinson County, IA, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in the area stands at $281,000. Homeowners in Spirit Lake face a median property tax bill of approximately $2,592, which is slightly above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,300 and the 90th percentile reaching $7,148. These variations are influenced by factors such as property location, improvements, and local levies.
For homeowners, these tax bills can represent a significant expense. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners secure reductions in their tax obligations. This means substantial savings, allowing homeowners to allocate funds to other essential areas of their lives. With Ownwell's expertise, navigating the complexities of property taxes becomes a straightforward process, ensuring homeowners pay only their fair share.
Median Spirit Lake Tax Bill
$2,592
Median Dickinson County Tax Bill
$2,470
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Spirit Lake, Dickinson County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51360 | $399 | $1,300 | $2,592 | $4,632 | $7,148 |
Source: Ownwell