Van Buren County, Iowa Property Taxes
The median property tax rate in Van Buren County is 1.04%, which is slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value of $93,400 in Van Buren County, the typical annual property tax bill is around $987, significantly below the national median of $2,690. Property taxes in Van Buren County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural land. Understanding Van Buren County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Keosauqua or another part of Van Buren County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Van Buren County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$971
$901
Ownwell’s Van Buren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Van Buren with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Van Buren to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Van Buren County, Iowa
Property taxes in Van Buren County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Van Buren County is 1.04%, which is higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Van Buren County set these rates annually, and they can vary significantly between different areas within the county. Each year, Van Buren County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Eldon has one of the higher property tax rates in Iowa at 1.27%, while the city of Douds boasts one of the lowest at 0.95%. Analyzing how Van Buren County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Van Buren County Tax Rate
1.04%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Van Buren County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birmingham | 0.82% | 0.93% | 1.03% | 1.17% | 1.30% |
| Bonaparte | 0.84% | 0.93% | 1.01% | 1.15% | 1.28% |
| Cantril | 0.88% | 1.01% | 1.10% | 1.25% | 1.36% |
| Douds | 0.75% | 0.87% | 0.95% | 1.05% | 1.22% |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Farmington | 0.84% | 0.99% | 1.13% | 1.32% | 1.38% |
| Hillsboro | 0.85% | 0.90% | 0.95% | 1.06% | 1.16% |
| Keosauqua | 0.82% | 0.93% | 1.03% | 1.14% | 1.25% |
| Libertyville | 0.94% | 0.98% | 1.13% | 1.21% | 1.33% |
| Milton | 0.86% | 0.98% | 1.10% | 1.21% | 1.32% |
| Mount Sterling | 0.75% | 0.89% | 0.97% | 1.09% | 1.22% |
| Selma | 0.96% | 1.05% | 1.15% | 1.23% | 1.32% |
| Stockport | 0.84% | 0.94% | 1.05% | 1.16% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Van Buren County, Iowa
In Van Buren County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Van Buren County Appraisal District. The assessed value, however, 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 Van Buren County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Eldon has the highest median tax bill at $1,806, while Selma has the lowest at $720. Being aware of these valuation processes in Van Buren County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Van Buren County Assessed Value
$93,400
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Van Buren County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birmingham | $22,440 | $53,245 | $92,390 | $143,510 | $222,430 |
| Bonaparte | $20,708 | $44,660 | $91,445 | $159,130 | $234,160 |
| Cantril | $25,154 | $54,590 | $94,090 | $145,300 | $221,600 |
| Douds | $14,228 | $47,308 | $88,580 | $154,295 | $211,434 |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Farmington | $22,934 | $43,010 | $70,555 | $112,038 | $177,768 |
| Hillsboro | $72,126 | $103,970 | $129,360 | $161,985 | $207,714 |
| Keosauqua | $36,116 | $67,845 | $118,640 | $183,585 | $257,020 |
| Libertyville | $51,265 | $70,575 | $114,500 | $179,318 | $192,745 |
| Milton | $14,697 | $34,000 | $73,545 | $138,290 | $211,538 |
| Mount Sterling | $13,424 | $41,375 | $79,710 | $157,158 | $239,680 |
| Selma | $9,762 | $18,045 | $62,500 | $116,155 | $172,164 |
| Stockport | $21,164 | $47,710 | $80,380 | $138,630 | $202,738 |
Source: Ownwell
Property Tax Bills Across Van Buren County, Iowa
In Van Buren County, IA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Van Buren County is $93,400, and property tax bills can vary significantly across the county. Homeowners in Van Buren County face tax bills that range widely, with the 25th percentile at $522 and the 75th percentile at $1,602. At the 90th percentile, tax bills can reach up to $2,314. The highest median tax bill in the county is found in Eldon at $1,806, while the lowest is in Selma at $720. Compared to the national median property tax rate of 0.99%, these figures illustrate the variability in property tax burdens within the county, impacting homeowners differently based on their property's assessed value and location.
Average Van Buren County Tax Bill
$987
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Van Buren County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birmingham | $238 | $545 | $964 | $1,448 | $2,220 |
| Bonaparte | $209 | $488 | $994 | $1,619 | $2,272 |
| Cantril | $299 | $619 | $1,005 | $1,572 | $2,172 |
| Douds | $152 | $426 | $877 | $1,550 | $2,121 |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Farmington | $240 | $468 | $802 | $1,240 | $1,750 |
| Hillsboro | $678 | $950 | $1,232 | $1,607 | $1,977 |
| Keosauqua | $316 | $691 | $1,234 | $1,881 | $2,646 |
| Libertyville | $634 | $782 | $1,316 | $1,808 | $2,136 |
| Milton | $172 | $344 | $780 | $1,438 | $2,277 |
| Mount Sterling | $125 | $413 | $734 | $1,587 | $2,305 |
| Selma | $134 | $221 | $720 | $1,419 | $2,180 |
| Stockport | $243 | $468 | $884 | $1,419 | $2,046 |
Source: Ownwell