Burlington, Iowa Property Taxes
The median property tax rate in Burlington, IA is 1.62%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Burlington at $92,000, the typical annual property tax bill reaches $1,484, exceeding the national median of $2,690. Property taxes in Burlington 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 Burlington'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 Burlington 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
Burlington, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$1,490
-$15,619
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, Iowa
Property taxes in Burlington, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52601 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Des Moines County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
1.62%
Average Des Moines County Tax Rate
1.57%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52601 | 1.22% | 1.44% | 1.62% | 1.76% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Burlington, Iowa. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Des Moines 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 Burlington, 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. The median home price in Burlington is $92,000, with tax bills ranging from $982 at the 25th percentile to $3,596 at the 90th percentile. The highest and lowest median tax bills are both $1,484, found in zip code 52601. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burlington Assessed Value
$92,000
Average Des Moines County Assessed Value
$105,000
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52601 | $37,200 | $60,700 | $92,000 | $156,525 | $238,110 |
Source: Ownwell
Property Tax Bills Across Burlington, Iowa
Property tax bills in Burlington, located in Des Moines County, IA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimation of the property's market value, which is periodically evaluated by local assessors. Several factors influence this assessed value, including the property's location, size, and condition. In Burlington, the median home price is $92,000. Homeowners can expect to pay a median property tax bill of $1,484, which aligns with the national median property tax rate of 0.99%. However, tax bills can vary significantly. For instance, the 25th percentile tax bill is $982, while at the 75th percentile, homeowners might pay around $2,400. Those in the 90th percentile could see tax bills as high as $3,596. These property tax bills significantly impact homeowners, influencing monthly mortgage payments and overall housing affordability. Understanding how these taxes are calculated helps homeowners budget effectively and potentially seek exemptions or appeals to manage their expenses better.
Average Burlington Tax Bill
$1,484
Average Des Moines County Tax Bill
$1,606
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52601 | $585 | $982 | $1,484 | $2,400 | $3,596 |
Source: Ownwell