Belle Plaine, Iowa Property Taxes
The median property tax rate in Belle Plaine, Iowa, is 1.21%, notably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $170,540 in Belle Plaine, the typical annual property tax bill amounts to $2,150, which is below the national median of $2,690. Property taxes in Belle Plaine are calculated based on the assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Belle Plaine'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 Belle Plaine or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Plaine, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,064
Ownwell’s Belle Plaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Plaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Plaine 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 Belle Plaine, Iowa
Property taxes in Belle Plaine, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Plaine is 1.21%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Belle Plaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Plaine 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 Belle Plaine's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52208 zip code has the highest median property tax rate of 1.21%, while the 52208 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Belle Plaine provides valuable insights into the varying tax landscape across Iowa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Plaine Tax Rate
1.21%
Average Iowa County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | 1.09% | 1.16% | 1.21% | 1.32% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Belle Plaine, Iowa
In Belle Plaine, 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 Iowa County Appraisal District 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 Belle Plaine, 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 Belle Plaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Belle Plaine is $170,540, with tax bills ranging from $1,378 at the 25th percentile to $3,260 at the 75th percentile and $3,844 at the 90th percentile. Interestingly, the highest and lowest median tax bill both fall within the 52208 zip code at $2,150.
Average Belle Plaine Assessed Value
$170,540
Average Iowa County Assessed Value
$157,090
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $37,748 | $98,150 | $170,540 | $261,880 | $326,890 |
Source: Ownwell
Property Tax Bills Across Belle Plaine, Iowa
Property tax bills in Belle Plaine, Iowa, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For example, the median home price in Belle Plaine is $170,540. The tax rate is applied to this assessed value to generate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Belle Plaine might see a range in their tax bills, with the 25th percentile at $1,378 and the 75th percentile at $3,260. Those in the 90th percentile could pay as much as $3,844 annually. Compared to the national median property tax rate of 0.99%, Belle Plaine's tax rates can vary but are generally reflective of the local market conditions and public service needs. Understanding these elements helps homeowners anticipate their yearly financial obligations and plan accordingly.
Average Belle Plaine Tax Bill
$2,150
Average Iowa County Tax Bill
$2,134
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $528 | $1,378 | $2,150 | $3,260 | $3,844 |
Source: Ownwell