Blakesburg, Iowa Property Taxes
The median property tax rate in Blakesburg, IA is 1.76%, considerably higher than both the national median of 0.99% and the Iowa state median of 1.54%. With the median home value in Blakesburg at $108,875, the typical annual property tax bill reaches $1,913, which is below the national median of $2,690. Property taxes in Blakesburg 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 Blakesburg'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 Blakesburg 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
Blakesburg, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$1,916
Ownwell’s Blakesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blakesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blakesburg 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 Blakesburg, Iowa
Property taxes in Blakesburg, Iowa, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Blakesburg is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blakesburg set these rates annually, and they can vary notably across different neighborhoods. Each year, Blakesburg 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 Blakesburg's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52536 zip code has the highest median property tax rate of 1.76%, while the lowest median tax rate is also 1.76% in the same zip code. Understanding how these cities compare with Blakesburg provides valuable insights into the varying tax landscape across Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blakesburg Tax Rate
1.76%
Average Davis County Tax Rate
1.75%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blakesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52536 | 1.64% | 1.70% | 1.76% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Blakesburg, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blakesburg, Iowa. 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 Davis 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 Blakesburg, 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. For instance, the median home price in Blakesburg is $108,875, with the 25th percentile tax bill at $1,569 and the 75th percentile tax bill at $2,118. The zip code 52536 has both the highest and lowest median tax bill at $1,913. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blakesburg Assessed Value
$108,875
Average Davis County Assessed Value
$127,685
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blakesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52536 | $71,256 | $89,850 | $108,875 | $120,855 | $126,768 |
Source: Ownwell
Property Tax Bills Across Blakesburg, Iowa
In Blakesburg, located in Davis County, IA, property tax bills are calculated based on the assessed value of the home. The assessment process evaluates the market value of a property, and the tax rate is then applied to this assessed value to determine the tax bill. Several factors influence this calculation, including the property's location, size, and condition. For homeowners in Blakesburg, the median home price stands at $108,875. The tax bill for properties in the 25th percentile is approximately $1,569, while those in the 75th percentile can expect to pay around $2,118. For properties in the 90th percentile, the tax bill can reach up to $2,246. These property tax rates directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Blakesburg's rates can vary significantly, affecting how much homeowners need to budget for their property taxes each year. Understanding these factors can help homeowners anticipate their tax liabilities more accurately.
Average Blakesburg Tax Bill
$1,913
Average Davis County Tax Bill
$2,254
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Blakesburg, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52536 | $1,189 | $1,569 | $1,913 | $2,118 | $2,246 |
Source: Ownwell