Belle Plaine, Benton County, Iowa Property Taxes
The median property tax rate in Belle Plaine, IA is 1.67%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Belle Plaine at $96,500, the typical annual property tax bill reaches $1,577, which is below the national median of $2,690. Property taxes in Belle Plaine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belle Plaine'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 Belle Plaine or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Plaine, Benton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$1,612
$1,495
Ownwell’s Belle Plaine Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Belle Plaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Plaine to provide an estimate of 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 Belle Plaine, Benton County, Iowa
Property taxes in Belle Plaine, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Plaine is 1.67%, significantly higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Belle Plaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Plaine 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 Belle Plaine's effective property tax rate to other areas in Iowa and the national median. For comparison, the highest and lowest median property tax rates in Benton County are both 1.67%, the same as Belle Plaine's rate. Understanding how these cities compare with Belle Plaine provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Plaine Tax Rate
1.67%
Average Benton County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Plaine, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | 1.21% | 1.52% | 1.67% | 1.80% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Belle Plaine, Benton County, Iowa
In Belle Plaine, 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 Benton County 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 Belle Plaine, 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 Belle Plaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 52208, both standing at $1,577.
Property Tax Assessment Values Across Belle Plaine, Benton County, Iowa
Source: Ownwell
$87,000
$236,925
$386,850
Average Belle Plaine Assessed Value
$96,500
Average Benton County Assessed Value
$183,200
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Plaine, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $30,440 | $59,650 | $96,500 | $149,100 | $218,220 |
Source: Ownwell
Property Tax Bills Across Belle Plaine, Benton County, Iowa
In Belle Plaine, property tax bills are calculated based on the assessed value of a home, which is determined by Benton County. The median home price in Belle Plaine is $96,500. Property taxes are then applied to this assessed value using the local tax rate, which can vary within the county. For example, the tax bill at the 25th percentile is $994, while at the 75th percentile, it reaches $2,388, and at the 90th percentile, it can go up to $3,457. These figures reflect the range of tax burdens homeowners might face. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $1,577, which is significantly higher than the national median property tax rate of 0.99%. This means homeowners in Belle Plaine could pay more or less than the national average, depending on their specific assessed property value and the local tax rate. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Belle Plaine Tax Bill
$1,577
Average Benton County Tax Bill
$2,460
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Plaine, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $482 | $994 | $1,577 | $2,388 | $3,457 |
Source: Ownwell