Blanchard, Iowa Property Taxes
The median property tax rate in Blanchard, IA is 1.18%, which is higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Blanchard at $87,225, the typical annual property tax bill is $976, falling short of the national median of $2,690. Property taxes in Blanchard are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Blanchard'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 Blanchard or another part of Page County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blanchard, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,029
Ownwell’s Blanchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blanchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blanchard 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 Blanchard, Iowa
Property taxes in Blanchard, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blanchard is 1.18%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Blanchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blanchard 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 Blanchard's effective property tax rate to other counties in Iowa and the national median. For comparison, the 51630 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Blanchard provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blanchard Tax Rate
1.18%
Average Page County Tax Rate
1.56%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blanchard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51630 | 0.94% | 1.06% | 1.18% | 1.36% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Blanchard, Iowa
In Blanchard, 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 Page County Assessor 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 Blanchard, 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 Blanchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Blanchard are both $976, found in the 51630 zip code.
Average Blanchard Assessed Value
$87,225
Average Page County Assessed Value
$100,500
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blanchard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51630 | $2,794 | $20,935 | $87,225 | $157,278 | $230,283 |
Source: Ownwell
Property Tax Bills Across Blanchard, Iowa
In Blanchard, Page County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Blanchard is $87,225. Property taxes are then applied to this assessed value using the local tax rate. For instance, the tax bill for homes in the 25th percentile is around $253, while those in the 75th percentile can expect to pay approximately $1,834. Higher-valued properties, like those in the 90th percentile, see tax bills reaching up to $2,727. Several factors influence the final tax bill, including the home's market value, assessment ratio, and any applicable exemptions or deductions. Homeowners in Blanchard should be aware that their property tax bill can significantly impact their annual expenses, making it essential to understand these calculations. Compared to the national median property tax rate of 0.99%, Blanchard's rates reflect the local economic conditions and provide a benchmark for homeowners to gauge their financial planning.
Average Blanchard Tax Bill
$976
Average Page County Tax Bill
$1,497
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Blanchard, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 51630 | $40 | $253 | $976 | $1,834 | $2,727 |
Source: Ownwell