Belle Plaine, Iowa Property Taxes
The median property tax rate in Belle Plaine, IA is 1.33%, considerably higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With the median home value in Belle Plaine at $189,290, the typical annual property tax bill reaches $2,675, just below the national median of $2,690. Property taxes in Belle Plaine 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 Belle Plaine'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 Belle Plaine 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
Belle Plaine, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,518
Ownwell’s Belle Plaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Plaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Plaine 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 Belle Plaine, Iowa
Property taxes in Belle Plaine, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Plaine is 1.33%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Belle Plaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Plaine 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 Belle Plaine's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52208 zip code has both the highest and the lowest median property tax rate of 1.33%. Understanding how these cities compare with Belle Plaine provides valuable insights into the varying tax landscape across Poweshiek County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Plaine Tax Rate
1.33%
Average Poweshiek County Tax Rate
1.29%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | 1.15% | 1.19% | 1.33% | 1.42% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Belle Plaine, Iowa
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belle Plaine, Iowa. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated for tax purposes by the Poweshiek County Assessor. 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 Belle Plaine, 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. The median home price in Belle Plaine is $189,290, with tax bills ranging from $2,207 at the 25th percentile to $4,679 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 52208, at $2,675. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Belle Plaine Assessed Value
$189,290
Average Poweshiek County Assessed Value
$172,525
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $154,835 | $161,085 | $189,290 | $329,455 | $384,530 |
Source: Ownwell
Property Tax Bills Across Belle Plaine, Iowa
In Belle Plaine, IA, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor and is a percentage of the home's market value. Various factors are considered in this assessment, including the size, location, and condition of the property. For homeowners in Belle Plaine, the property tax bill can significantly impact their annual expenses. The median home price in Belle Plaine is $189,290, and property tax bills vary widely. At the 25th percentile, homeowners can expect to pay around $2,207 annually, while those at the 75th percentile might pay up to $4,248. The 90th percentile sees bills as high as $4,679. Comparatively, the national median property tax rate is 0.99%, positioning Belle Plaine's rates on the higher side. This can affect affordability and the overall cost of homeownership, making it crucial for homeowners to understand their tax obligations.
Average Belle Plaine Tax Bill
$2,675
Average Poweshiek County Tax Bill
$2,264
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Plaine, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52208 | $2,011 | $2,207 | $2,675 | $4,248 | $4,679 |
Source: Ownwell