Bloomfield, Davis County, Iowa Property Taxes
Median Bloomfield, IA effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Bloomfield, IA home value: $134,890
Median annual Bloomfield, IA tax bill: $2,470, $70 higher than the national median property tax bill of $2,400.
How are property taxes in Davis County calculated?
Property taxes in Bloomfield, 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 Bloomfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bloomfield, Davis County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.79%
Estimate Property Tax Bill
$2,415
$2,241
Property Tax Rates Across Bloomfield, Davis County, Iowa
Local government entities in Iowa determine tax rates, which can differ significantly across the state. This variation is due to each county's annual budget estimation process, which involves calculating the necessary funds to provide essential services. The county then divides this budget by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and regulations influence tax rates and budgets, this is the core annual procedure.
In Bloomfield, located in Davis County, the effective property tax rate stands at 1.79%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Bloomfield's rate to the median property tax rates in Iowa and the U.S., it becomes evident that Bloomfield's rate is on the higher end of the spectrum. Understanding these rates can help property owners in Bloomfield and surrounding areas make informed decisions about their property investments and financial planning.
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 Bloomfield Tax Rate
1.79%
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 Davis County Tax Rate
1.75%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bloomfield, Davis County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52537 | 1.41% | 1.60% | 1.79% | 2.15% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Bloomfield, Davis County, Iowa
When examining property taxes in Bloomfield, 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 Davis County appraisal district 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 Davis 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 Bloomfield. For example, the median home price in Bloomfield is $134,890, with tax bills ranging significantly across the county. Zip code 52537 has the highest median home price at $134,890.
Property Tax Assessment Values Across Bloomfield, Davis County, Iowa
Source: Ownwell
$80,650
$122,165
$163,680
Median Bloomfield Market Value
$134,890
Median Davis County Market Value
$127,685
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bloomfield, Davis County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52537 | $36,210 | $76,642 | $134,890 | $208,555 | $287,397 |
Source: Ownwell
Property Tax Bills Across Bloomfield, Davis County, Iowa
Median Bloomfield Tax Bill
$2,470
Median Davis County Tax Bill
$2,254
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Bloomfield, Davis County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52537 | $628 | $1,376 | $2,470 | $3,711 | $5,132 |
Source: Ownwell