Blairstown, Benton County, Iowa Property Taxes
The median property tax rate in Blairstown, IA is 1.17%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $171,800 in Blairstown, the typical annual property tax bill amounts to $1,932, which is below the national median of $2,690. Property taxes in Blairstown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Blairstown'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 Blairstown or another part of Benton County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blairstown, Benton County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,010
$1,865
Ownwell’s Blairstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blairstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blairstown 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 Blairstown, Benton County, Iowa
Property taxes in Blairstown, Iowa, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blairstown is 1.17%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Blairstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blairstown 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 Blairstown's effective property tax rate to other counties in Iowa and the national median. For comparison, the zip code 52209 has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Blairstown 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 Blairstown Tax Rate
1.17%
Average Benton County Tax Rate
1.37%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairstown, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | 0.91% | 1.05% | 1.17% | 1.24% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Blairstown, Benton County, Iowa
In Blairstown, 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 Blairstown, 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. The median home price in Blairstown is $171,800, with tax bills ranging from $1,295 at the 25th percentile to $3,956 at the 90th percentile. The highest and lowest median tax bills are both $1,932, found in the zip code 52209. 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.
Property Tax Assessment Values Across Blairstown, Benton County, Iowa
Source: Ownwell
$87,000
$236,925
$386,850
Average Blairstown Assessed Value
$171,800
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 Blairstown, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | $56,440 | $115,000 | $171,800 | $237,500 | $368,660 |
Source: Ownwell
Property Tax Bills Across Blairstown, Benton County, Iowa
In Blairstown, Benton County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value, reflecting the market value, is then multiplied by the local tax rate to determine the annual tax bill. Blairstown's property tax rates can vary, but the median tax bill stands at $1,932, matching the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, homeowners in the 25th percentile pay around $1,295, while those in the 75th percentile see bills closer to $2,619. At the 90th percentile, the tax bill can reach up to $3,956. These variations significantly impact homeowners, as higher property taxes can affect overall affordability and financial planning. Understanding these factors helps homeowners anticipate their tax obligations and better manage their finances.
Average Blairstown Tax Bill
$1,932
Average Benton County Tax Bill
$2,460
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairstown, Benton County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52209 | $680 | $1,295 | $1,932 | $2,619 | $3,956 |
Source: Ownwell