Blairsburg, Iowa Property Taxes
The median property tax rate in Blairsburg, IA is 1.38%, 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 $21,700, the typical annual property tax bill in Blairsburg is $298, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than market value due to exemptions like the primary residence and agricultural exemptions. Understanding Blairsburg'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 Blairsburg or another part of Wright County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blairsburg, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$299
Ownwell’s Blairsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blairsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blairsburg 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 Blairsburg, Iowa
Property taxes in Blairsburg, Iowa, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Blairsburg is 1.38%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Blairsburg set these rates annually, and they can vary across different neighborhoods. Each year, Blairsburg 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 Blairsburg's effective property tax rate to other areas in Wright County and the national median. For comparison, the zip code 50034 has the highest and lowest median property tax rate of 1.38%. Understanding how these areas compare with Blairsburg provides valuable insights into the varying tax landscape across Wright County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blairsburg Tax Rate
1.38%
Average Wright County Tax Rate
1.74%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairsburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50034 | 1.29% | 1.37% | 1.38% | 1.38% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Blairsburg, Iowa
In Blairsburg, 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 Wright 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 Blairsburg, 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 Blairsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 50034 has both the highest and lowest median tax bills at $298.
Average Blairsburg Assessed Value
$21,700
Average Wright County Assessed Value
$98,800
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blairsburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50034 | $16,620 | $17,950 | $21,700 | $101,700 | $189,440 |
Source: Ownwell
Property Tax Bills Across Blairsburg, Iowa
In Blairsburg, Wright County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. 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 $21,700, the property tax bill can vary significantly. Homeowners in the 25th percentile may pay around $243 annually, while those in the 75th percentile could see bills as high as $1,476. The top 10% of taxpayers might even face tax bills up to $2,631. These tax bills are influenced by several factors, including changes in property values, local government budgets, and specific levies for schools or infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Blairsburg experience a range of tax burdens. Understanding these factors is crucial for homeowners to manage their finances and anticipate fluctuations in their property tax obligations.
Average Blairsburg Tax Bill
$298
Average Wright County Tax Bill
$1,678
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairsburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50034 | $223 | $243 | $298 | $1,476 | $2,631 |
Source: Ownwell