Bellevue, Iowa Property Taxes
The median property tax rate in Bellevue, Iowa is 1.25%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Bellevue at $218,800, the typical annual property tax bill reaches $2,720, just above the national median of $2,690. Property taxes in Bellevue 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 Bellevue'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 Bellevue 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
Bellevue, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,735
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Iowa
Property taxes in Bellevue, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 1.25%, which is significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other areas in Iowa and the national median. For comparison, the 52031 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.25%
Average Jackson County Tax Rate
1.24%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52031 | 0.98% | 1.06% | 1.25% | 1.43% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Iowa
In Bellevue, 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 Jackson 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 Bellevue, 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bellevue is $218,800, with the highest median tax bill of $2,720 in zip code 52031 and the lowest median tax bill also at $2,720 in the same zip code.
Average Bellevue Assessed Value
$218,800
Average Jackson County Assessed Value
$157,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52031 | $101,600 | $150,850 | $218,800 | $319,050 | $455,000 |
Source: Ownwell
Property Tax Bills Across Bellevue, Iowa
In Bellevue, property tax bills are calculated based on the assessed value of the home, which is determined by the Jackson County assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Bellevue experience a range of tax bills, with the 25th percentile paying around $1,894 and the 75th percentile paying approximately $3,837. For those at the 90th percentile, the tax bill can reach up to $5,476. This means that while some homeowners may find their property taxes manageable, others could face a significant financial burden. The median home price in Bellevue is $218,800, and with the national median property tax rate at 0.99%, Bellevue’s property tax rate is relatively higher. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Bellevue Tax Bill
$2,720
Average Jackson County Tax Bill
$1,948
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52031 | $1,254 | $1,894 | $2,720 | $3,837 | $5,476 |
Source: Ownwell