Bremer County, Iowa Property Taxes
The median property tax rate in Bremer County is 1.48%, which is higher than the national median of 0.99% but slightly lower than the Iowa state median of 1.54%. With the median home value in Bremer County at $189,165, the typical annual property tax bill is approximately $2,696, which is just above the national median of $2,690. Property taxes in Bremer County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Bremer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Waverly or another part of Bremer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bremer County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,800
$2,598
Ownwell’s Bremer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bremer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bremer County, Iowa
Property taxes in Bremer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bremer County is 1.48%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Bremer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bremer County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Waverly has one of the higher property tax rates in Iowa at 1.53%, while the city of Nashua boasts one of the lowest at 0.94%. Analyzing how Bremer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bremer County Tax Rate
1.48%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremer County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar Falls | N/A | N/A | N/A | N/A | N/A |
| Denver | 1.14% | 1.21% | 1.42% | 1.55% | 1.63% |
| Fairbank | 1.04% | 1.08% | 1.12% | 1.22% | 1.35% |
| Fredericksburg | 0.97% | 1.02% | 1.12% | 1.25% | 1.38% |
| Frederika | 1.18% | 1.25% | 1.39% | 1.55% | 1.79% |
| Ionia | 1.06% | 1.10% | 1.13% | 1.15% | 1.17% |
| Janesville | 1.05% | 1.15% | 1.41% | 1.49% | 1.57% |
| Nashua | 0.88% | 0.92% | 0.94% | 1.06% | 1.21% |
| Plainfield | 0.90% | 0.96% | 1.17% | 1.48% | 1.55% |
| Readlyn | 1.08% | 1.24% | 1.52% | 1.66% | 1.76% |
| Shell Rock | 0.91% | 1.00% | 1.03% | 1.06% | 1.11% |
| Sumner | 0.99% | 1.15% | 1.32% | 1.45% | 1.54% |
| Tripoli | 1.10% | 1.24% | 1.45% | 1.61% | 1.69% |
| Waverly | 1.03% | 1.40% | 1.53% | 1.60% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Bremer County, Iowa
In Bremer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bremer County Appraisal District. The assessed value, however, 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. Assessment notices in Bremer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Cedar Falls has the highest median tax bill at $3,618, whereas Frederika has the lowest at $824. Being aware of these valuation processes in Bremer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Bremer County Assessed Value
$189,165
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremer County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar Falls | N/A | N/A | N/A | N/A | N/A |
| Denver | $111,402 | $172,175 | $236,695 | $345,925 | $445,254 |
| Fairbank | $93,476 | $161,545 | $236,370 | $315,010 | $394,122 |
| Fredericksburg | $68,210 | $91,342 | $177,375 | $229,428 | $309,238 |
| Frederika | $10,224 | $27,730 | $58,560 | $93,820 | $120,586 |
| Ionia | $171,063 | $193,268 | $240,765 | $302,965 | $465,981 |
| Janesville | $79,820 | $146,662 | $220,460 | $313,518 | $377,514 |
| Nashua | $79,912 | $103,965 | $145,040 | $223,808 | $254,308 |
| Plainfield | $57,160 | $87,270 | $137,420 | $211,640 | $285,336 |
| Readlyn | $94,808 | $127,345 | $168,080 | $231,625 | $321,422 |
| Shell Rock | $35,820 | $193,760 | $281,930 | $383,160 | $515,028 |
| Sumner | $44,142 | $85,005 | $134,790 | $210,435 | $304,258 |
| Tripoli | $47,584 | $87,535 | $133,010 | $193,680 | $310,954 |
| Waverly | $89,382 | $138,980 | $207,260 | $301,900 | $402,804 |
Source: Ownwell
Property Tax Bills Across Bremer County, Iowa
In Bremer County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, such as property improvements, market conditions, and local government budgets, influence the assessed value. Homeowners in Bremer County experience a range of tax bills. For instance, the tax bill at the 25th percentile is $1,780, while it rises to $3,879 at the 75th percentile and reaches $5,306 at the 90th percentile. Comparatively, Cedar Falls has the highest median tax bill in the county at $3,618, whereas Frederika boasts the lowest at $824. These property tax bills significantly impact homeowners by affecting their annual expenses and the overall cost of owning a home. With the national median property tax rate at 0.99%, understanding these local rates helps homeowners budget effectively and anticipate future financial obligations.
Average Bremer County Tax Bill
$2,696
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremer County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar Falls | N/A | N/A | N/A | N/A | N/A |
| Denver | $1,712 | $2,518 | $3,278 | $4,424 | $5,913 |
| Fairbank | $1,101 | $1,895 | $2,652 | $3,448 | $4,333 |
| Fredericksburg | $672 | $1,162 | $1,812 | $2,760 | $3,540 |
| Frederika | $156 | $392 | $824 | $1,326 | $1,811 |
| Ionia | $1,899 | $2,174 | $2,772 | $3,340 | $5,267 |
| Janesville | $1,167 | $2,046 | $3,030 | $4,046 | $4,921 |
| Nashua | $812 | $1,146 | $1,314 | $1,942 | $2,376 |
| Plainfield | $757 | $1,133 | $1,732 | $2,306 | $2,935 |
| Readlyn | $1,404 | $1,928 | $2,457 | $3,271 | $4,169 |
| Shell Rock | $353 | $2,112 | $2,884 | $3,898 | $5,292 |
| Sumner | $601 | $1,131 | $1,782 | $2,647 | $3,640 |
| Tripoli | $710 | $1,291 | $1,937 | $2,726 | $3,901 |
| Waverly | $1,513 | $2,208 | $3,108 | $4,440 | $5,918 |
Source: Ownwell