Denver, Bremer County, Iowa Property Taxes
Median Denver, IA effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Denver, IA home value: $236,695
Median annual Denver, IA tax bill: $3,278, $878 higher than the national median property tax bill of $2,400.
How are property taxes in Bremer County calculated?
Property taxes in Denver, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Denver’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Denver, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Denver, Bremer County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.42%
Estimate Property Tax Bill
$3,361
$3,119
Property Tax Rates Across Denver, Bremer County, Iowa
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Denver’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.
In Bremer County, where Denver is located, the median property tax rate is 1.42%. This rate is higher than the national median property tax rate of 1.02%. The property tax rate in Denver is also consistent across Bremer County, with both the highest and lowest rates recorded at 1.42% in the zip code 50622. This uniformity suggests a stable property tax landscape in the area, unlike many regions where rates can fluctuate significantly. Comparing these figures to the national median property tax bill of $2400, homeowners in Denver may find their tax bills are relatively higher, reflecting the county's budgeting needs and property values.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Denver Tax Rate
1.42%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bremer County Tax Rate
1.48%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Denver, Bremer County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50622 | 1.14% | 1.21% | 1.42% | 1.55% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Denver, Bremer County, Iowa
When examining property taxes in Denver, Iowa, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bremer County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bremer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Denver. For example, the median home price in Denver is $236,695, with tax bills ranging significantly across the county. Zip code 50622 has the highest median home price at $236,695.
Property Tax Assessment Values Across Denver, Bremer County, Iowa
Source: Ownwell
$58,560
$170,245
$281,930
Median Denver Market Value
$236,695
Median Bremer County Market Value
$189,165
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Denver, Bremer County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50622 | $111,402 | $172,175 | $236,695 | $345,925 | $445,254 |
Source: Ownwell
Property Tax Bills Across Denver, Bremer County, Iowa
In Denver, Bremer County, IA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is evaluated by local assessors. Homeowners in Denver face a median property tax bill of $3,278, which surpasses the national median of $2,400. The tax bill can range significantly, with the 25th percentile at $2,518 and the 90th percentile reaching $5,913. This variance is influenced by factors such as property size, location, and market conditions. High property taxes can place a significant financial burden on homeowners, affecting affordability and long-term financial planning.
Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners contest their tax bills, potentially leading to significant savings. This service not only reduces the immediate financial strain but also ensures fair taxation based on accurate property assessments. With Ownwell's expertise, homeowners in Denver can navigate the complexities of property tax appeals with confidence.
Median Denver Tax Bill
$3,278
Median Bremer County Tax Bill
$2,696
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Denver, Bremer County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50622 | $1,712 | $2,518 | $3,278 | $4,424 | $5,913 |
Source: Ownwell