Brandon, Iowa Property Taxes
The median property tax rate in Brandon, IA is 1.27%, 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 in Brandon of $120,895, the typical annual property tax bill amounts to $1,604, falling short of the national median of $2,690. Property taxes in Brandon are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Brandon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brandon or another part of Buchanan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brandon, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,535
Ownwell’s Brandon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brandon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brandon 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 Brandon, Iowa
Property taxes in Brandon, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandon is 1.27%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Brandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandon 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 Brandon's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52210 zip code has the highest median property tax rate of 1.27%, while the 52210 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Brandon provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandon Tax Rate
1.27%
Average Buchanan County Tax Rate
1.39%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52210 | 1.07% | 1.14% | 1.27% | 1.45% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Brandon, Iowa
In Brandon, 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 Buchanan 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 Brandon, 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 Brandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 52210, with a median tax bill of $1,604.
Average Brandon Assessed Value
$120,895
Average Buchanan County Assessed Value
$154,105
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52210 | $38,475 | $70,662 | $120,895 | $230,292 | $336,382 |
Source: Ownwell
Property Tax Bills Across Brandon, Iowa
In Brandon, Buchanan County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Brandon is $120,895, and the property tax rate in the area is relatively close to the national median of 0.99%. Homeowners in Brandon can expect their tax bills to vary significantly depending on their property's value and the specific tax rate applied. For instance, the 25th percentile tax bill is $948, while the 75th percentile tax bill climbs to $2,834, and those in the 90th percentile may see tax bills as high as $4,374. These figures illustrate the range of property tax burdens faced by homeowners in Brandon, reflecting differences in property values and individual circumstances. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Brandon Tax Bill
$1,604
Average Buchanan County Tax Bill
$2,162
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandon, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52210 | $505 | $948 | $1,604 | $2,834 | $4,374 |
Source: Ownwell