Bronson, Iowa Property Taxes
The median property tax rate in Bronson, IA is 1.10%, 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 $187,100 in Bronson, the typical annual property tax bill amounts to $2,264, which is below the national median of $2,690. Property taxes in Bronson 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 Bronson'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 Bronson or elsewhere in the city, comprehending the local property tax structure is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Bronson, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,058
Ownwell’s Bronson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronson 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 Bronson, Iowa
Property taxes in Bronson, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bronson is 1.10%, higher than the U.S. national median of 0.99%. Local government entities within Bronson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronson 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 Bronson's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51007 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Bronson provides valuable insights into the varying tax landscape across Woodbury County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bronson Tax Rate
1.10%
Average Woodbury County Tax Rate
1.52%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bronson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51007 | 0.95% | 0.98% | 1.10% | 1.50% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Bronson, Iowa
In Bronson, 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 Woodbury 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 Bronson, 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. For instance, the highest median tax bill in Bronson is $2,264 in the 51007 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bronson Assessed Value
$187,100
Average Woodbury County Assessed Value
$157,600
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bronson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51007 | $65,456 | $106,365 | $187,100 | $292,648 | $403,006 |
Source: Ownwell
Property Tax Bills Across Bronson, Iowa
In Bronson, located in Woodbury County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Bronson face property tax bills that vary significantly based on their property values and the local tax rates. The median home price in Bronson is $187,100, and the property tax rate in Woodbury County plays a crucial role in determining the final tax bill. For instance, the tax bill at the 25th percentile is $1,370, while at the 75th percentile, it rises to $3,327. At the 90th percentile, homeowners may see their tax bills reach up to $4,237. These figures highlight the range of property tax burdens depending on the home's assessed value. Compared to the national median property tax rate of 0.99%, Bronson's tax rate can result in varying tax bills, impacting homeowners differently based on their property's value and location within the county.
Average Bronson Tax Bill
$2,264
Average Woodbury County Tax Bill
$2,352
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Bronson, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51007 | $871 | $1,370 | $2,264 | $3,327 | $4,237 |
Source: Ownwell