Braddyville, Iowa Property Taxes
The median property tax rate in Braddyville, IA is 1.25%, higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $101,810 in Braddyville, the typical annual property tax bill is $1,228, which is below the national median of $2,690. Property taxes in Braddyville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Braddyville'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 Braddyville or another part of Page County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Braddyville, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,273
Ownwell’s Braddyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braddyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braddyville 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 Braddyville, Iowa
Property taxes in Braddyville, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braddyville is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Braddyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braddyville 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 Braddyville's effective property tax rate to other areas in Iowa and the national median. For comparison, the 51631 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 areas compare with Braddyville provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Braddyville Tax Rate
1.25%
Average Page County Tax Rate
1.56%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braddyville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51631 | 1.08% | 1.15% | 1.25% | 1.36% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Braddyville, Iowa
In Braddyville, 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 Page 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 Braddyville, 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 Braddyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Braddyville are both $1,228, found in the zip code 51631.
Average Braddyville Assessed Value
$101,810
Average Page County Assessed Value
$100,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Braddyville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51631 | $21,120 | $51,260 | $101,810 | $180,280 | $251,950 |
Source: Ownwell
Property Tax Bills Across Braddyville, Iowa
In Braddyville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $101,810, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill for the 25th percentile is around $606, while those in the 75th percentile might pay approximately $2,070. At the 90th percentile, the tax bill can reach up to $2,950. These figures are influenced by the county's tax rate and any applicable exemptions or deductions. Factors considered in determining the tax bill include the home's location within Page County and specific characteristics of the property, such as size and condition. The highest and lowest median tax bills in Braddyville both stand at $1,228, reflecting a consistent application of the tax rate across the area. Compared to the national median property tax rate of 0.99%, Braddyville's rates can significantly impact homeowners, making it essential for them to understand how their property taxes are calculated and managed.
Average Braddyville Tax Bill
$1,228
Average Page County Tax Bill
$1,497
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Braddyville, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51631 | $262 | $606 | $1,228 | $2,070 | $2,950 |
Source: Ownwell