Breda, Iowa Property Taxes
The median property tax rate in Breda, IA is 1.29%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $204,900 in Breda, the typical annual property tax bill is approximately $2,456, just below the national median of $2,690. Property taxes in Breda are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. 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 Crawford County, comprehending 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
1.29%
Estimate Property Tax Bill
$2,643
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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Breda is 1.29%, 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 both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Breda provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breda Tax Rate
1.29%
Average Crawford County Tax Rate
1.36%
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 | 1.06% | 1.12% | 1.29% | 1.37% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Breda, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Breda, Iowa. The market value represents 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 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. In Breda, the median home price is $204,900, with tax bills ranging from $1,890 at the 25th percentile to $3,589 at the 90th percentile. Notably, the highest and lowest median tax bills both stand at $2,456 in zip code 51436. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Breda Assessed Value
$204,900
Average Crawford County Assessed Value
$109,475
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 | $77,302 | $127,280 | $204,900 | $245,990 | $294,106 |
Source: Ownwell
Property Tax Bills Across Breda, Iowa
In Breda, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the median home price in Breda is $204,900. Homeowners in the 25th percentile can expect a tax bill around $1,890, while those in the 75th percentile might see bills closer to $2,946. At the 90th percentile, the tax bill can rise to approximately $3,589. Several factors influence these amounts, including changes in the assessed home value and adjustments in local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Breda may find their tax bills relatively moderate. These property taxes are essential for funding local services like schools, infrastructure, and public safety, directly impacting the community's quality of life. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Breda Tax Bill
$2,456
Average Crawford County Tax Bill
$1,544
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 | $1,397 | $1,890 | $2,456 | $2,946 | $3,589 |
Source: Ownwell