Bernard, Iowa Property Taxes
The median property tax rate in Bernard, IA is 0.98%, slightly below the national median of 0.99% and significantly lower than the Iowa state median of 1.54%. With a median home value of $230,434 in Bernard, the typical annual property tax bill reaches $2,349, which is below the national median of $2,690. Property taxes in Bernard are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bernard'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 Bernard or another part of Dubuque County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bernard, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,258
Ownwell’s Bernard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bernard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bernard 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 Bernard, Iowa
Property taxes in Bernard, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bernard is 1.09%, higher than both the Iowa state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Bernard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bernard 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 Bernard's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52032 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 Bernard provides valuable insights into the varying tax landscape across Dubuque County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bernard Tax Rate
0.98%
Average Dubuque County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bernard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52032 | 0.85% | 0.91% | 0.98% | 1.08% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Bernard, Iowa
In Bernard, 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 Dubuque 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 Bernard, 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. For instance, the median home price in Bernard is $230,434, with tax bills ranging from $1,580 at the 25th percentile to $4,234 at the 90th percentile. The highest and lowest median tax bill in Bernard is $2,349 in the 52032 zip code. 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 valuation processes in Bernard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bernard Assessed Value
$230,434
Average Dubuque County Assessed Value
$216,801
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bernard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52032 | $108,653 | $162,776 | $230,434 | $323,000 | $418,165 |
Source: Ownwell
Property Tax Bills Across Bernard, Iowa
Property tax bills in Bernard, located in Dubuque County, IA, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Bernard, the tax rate is influenced by various factors, including local government budgets, public school funding, and essential community services. For homeowners in Bernard, the median home price is $230,434, and property tax bills can vary significantly. The 25th percentile tax bill is $1,580, while the 75th percentile tax bill reaches $3,251. At the 90th percentile, homeowners might see tax bills as high as $4,234. These figures indicate a range of financial impacts, depending on the value of the property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Bernard's property tax bills reflect the local economic conditions and community needs, influencing how much homeowners pay annually.
Average Bernard Tax Bill
$2,349
Average Dubuque County Tax Bill
$2,714
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Bernard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52032 | $955 | $1,580 | $2,349 | $3,251 | $4,234 |
Source: Ownwell