Birmingham, Iowa Property Taxes
The median property tax rate in Birmingham, Iowa, is 0.94%, slightly lower than the national median of 0.99% and significantly below Iowa's state median of 1.54%. With the median home value in Birmingham at $199,600, the typical annual property tax bill is approximately $1,652, which is less than the national median of $2,690. Property taxes in Birmingham are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Birmingham'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 Birmingham or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birmingham, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,876
Ownwell’s Birmingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birmingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birmingham 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 Birmingham, Iowa
Property taxes in Birmingham, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birmingham is 1.39%, significantly higher than both the Iowa state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Birmingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birmingham 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 Birmingham's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52535 zip code has the highest median property tax rate of 1.39%, while the 52535 zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Birmingham provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birmingham Tax Rate
0.94%
Average Jefferson County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | 0.83% | 0.91% | 0.94% | 0.95% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Birmingham, Iowa
In Birmingham, 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 Jefferson 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. Assessment notices in Birmingham 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. For instance, the median home price in Birmingham is $199,600, with tax bills ranging from $1,257 at the 25th percentile to $2,628 at the 90th percentile. The highest and lowest median tax bills are both $1,652, found in zip code 52535. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birmingham Assessed Value
$199,600
Average Jefferson County Assessed Value
$132,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | $66,180 | $143,850 | $199,600 | $253,450 | $311,260 |
Source: Ownwell
Property Tax Bills Across Birmingham, Iowa
In Birmingham, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Birmingham can expect their property tax bills to be influenced by various factors, including the property's location, size, and any improvements made to it. For example, the median home price in Birmingham is $199,600. Property tax bills in this area range widely, with the 25th percentile tax bill at $1,257 and the 75th percentile tax bill at $2,058. At the 90th percentile, tax bills can reach up to $2,628. Comparatively, Jefferson County's highest and lowest median tax bills are both $1,652, aligning closely with the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for Birmingham residents.
Average Birmingham Tax Bill
$1,652
Average Jefferson County Tax Bill
$1,806
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | $624 | $1,257 | $1,652 | $2,058 | $2,628 |
Source: Ownwell