Belle Plaine, Iowa Property Taxes
The median property tax rate in Belle Plaine, IA is 1.39%, 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 Belle Plaine at $101,520, the typical annual property tax bill amounts to $1,388, falling below the national median of $2,690. Property taxes in Belle Plaine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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
1.39%
Estimate Property Tax Bill
$1,411
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 1.39%, significantly higher than both the Iowa state median of 1.56% 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 zip code 52208 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Belle Plaine provides valuable insights into the varying tax landscape across Tama County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Plaine Tax Rate
1.39%
Average Tama County Tax Rate
1.60%
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 | 1.11% | 1.21% | 1.39% | 1.72% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Belle Plaine, Iowa
In Belle Plaine, 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 Tama 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. Assessment notices in Belle Plaine 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 Belle Plaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Belle Plaine is $1388.00, both found in zip code 52208.
Average Belle Plaine Assessed Value
$101,520
Average Tama County Assessed Value
$107,220
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 | $41,390 | $79,290 | $101,520 | $131,180 | $180,628 |
Source: Ownwell
Property Tax Bills Across Belle Plaine, Iowa
In Belle Plaine, located in Tama County, IA, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is calculated by the county assessor, who evaluates various factors such as the property's market value, location, and physical characteristics. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Belle Plaine, the median home price is $101,520. The property tax bills can vary significantly, with the 25th percentile at $1,098 and the 75th percentile at $1,866. At the higher end, the 90th percentile tax bill reaches $2,320. The highest and lowest median tax bills in the area are both $1,388, indicating a consistent tax rate across the city. Compared to the national median property tax rate of 0.99%, Belle Plaine's tax bills reflect the local economic conditions and property values, impacting homeowners' annual expenses and overall affordability of living in the area.
Average Belle Plaine Tax Bill
$1,388
Average Tama County Tax Bill
$1,687
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 | $822 | $1,098 | $1,388 | $1,866 | $2,320 |
Source: Ownwell