Breda, Iowa Property Taxes
The median property tax rate in Breda, IA is 1.09%, slightly above the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Breda at $149,340, the typical annual property tax bill amounts to $1,634, which is below the national median of $2,690. Property taxes in Breda are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Breda'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 Breda or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Breda, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,628
Ownwell’s Breda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Breda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Breda 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 Breda, Iowa
Property taxes in Breda, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Breda is 1.09%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Breda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Breda 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 Breda's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51436 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Breda provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breda Tax Rate
1.09%
Average Carroll County Tax Rate
1.15%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51436 | 0.85% | 0.96% | 1.09% | 1.23% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Breda, Iowa
In Breda, 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 Carroll County Assessor's Office 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 Breda, 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 Breda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Breda is $1,634 in the 51436 zip code, while the lowest median tax bill is also $1,634 in the same zip code.
Average Breda Assessed Value
$149,340
Average Carroll County Assessed Value
$153,990
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51436 | $55,358 | $90,085 | $149,340 | $251,010 | $407,694 |
Source: Ownwell
Property Tax Bills Across Breda, Iowa
In Breda, located in Carroll County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $149,340, homeowners can expect varying tax bills depending on their property's assessed value and any applicable exemptions. Several factors influence the tax bill, including property improvements, market conditions, and local government budget needs. In Breda, the tax bills range significantly, with the 25th percentile at $988 and the 90th percentile reaching up to $3,774. The median tax bill in the area is $1,634, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting homeowners by contributing to the community's overall quality of life. Understanding how these factors interplay can help homeowners anticipate and manage their property tax obligations effectively.
Average Breda Tax Bill
$1,634
Average Carroll County Tax Bill
$1,746
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Breda, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51436 | $655 | $988 | $1,634 | $2,622 | $3,774 |
Source: Ownwell