Blairstown, Iowa Property Taxes
The median property tax rate in Blairstown, IA is 1.23%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Blairstown at $161,365, the typical annual property tax bill amounts to $1,631, which is below the national median of $2,690. Property taxes in Blairstown are determined based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Blairstown'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 Blairstown or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blairstown, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,985
Ownwell’s Blairstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blairstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blairstown 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 Blairstown, Iowa
Property taxes in Blairstown, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blairstown is 1.23%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Blairstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blairstown 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 Blairstown's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52209 zip code has the highest median property tax rate of 1.23%, while the 52209 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Blairstown 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 Blairstown Tax Rate
1.23%
Average Iowa County Tax Rate
1.36%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairstown, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | 0.97% | 1.16% | 1.23% | 1.31% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Blairstown, Iowa
In Blairstown, 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 local 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 Blairstown, 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 Blairstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 52209 has the highest and lowest median tax bill at $1,631.
Average Blairstown Assessed Value
$161,365
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 Blairstown, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | $6,150 | $44,300 | $161,365 | $264,902 | $324,629 |
Source: Ownwell
Property Tax Bills Across Blairstown, Iowa
In Blairstown, located in Iowa County, IA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. The local tax rate, which is set by various taxing authorities such as the county, school districts, and other local entities, is then applied to the assessed value to calculate the annual tax bill. Homeowners in Blairstown can expect a wide range of property tax bills depending on their property's value. For instance, the tax bill at the 25th percentile is $594, while at the 75th percentile, it rises significantly to $3122. At the 90th percentile, homeowners might see tax bills as high as $4017. These figures illustrate the variability in property tax obligations, which can have a substantial impact on household budgets. Compared to the national median property tax rate of 0.99%, Blairstown's property tax rates can be both lower and higher, depending on the specific property and its assessed value.
Average Blairstown Tax Bill
$1,631
Average Iowa County Tax Bill
$2,134
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairstown, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | $84 | $594 | $1,631 | $3,122 | $4,017 |
Source: Ownwell