Birmingham, Iowa Property Taxes
The median property tax rate in Birmingham, Iowa is 1.03%, slightly higher than the national median of 0.99%, yet lower than Iowa's state median of 1.54%. With the median home value in Birmingham at $92,390, the typical annual property tax bill is $964, which is below the national median of $2,690. Property taxes in Birmingham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Birmingham'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 Birmingham or another part of Van Buren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birmingham, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$952
Ownwell’s Birmingham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Birmingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birmingham to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Van Buren County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Birmingham, Iowa
Property taxes in Birmingham, Iowa, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birmingham is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Birmingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birmingham 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 Birmingham's effective property tax rate to other counties in Iowa and the national median. For comparison, the 52535 zip code has the highest median property tax rate of 1.03%, while the same 52535 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Birmingham provides valuable insights into the varying tax landscape across Van Buren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birmingham Tax Rate
1.03%
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 Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | 0.82% | 0.93% | 1.03% | 1.17% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Birmingham, Iowa
In Birmingham, 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 Van Buren 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 Birmingham, 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 Birmingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $92,390. The highest median tax bill is $964.00 in zip code 52535, while the lowest median tax bill is also $964.00 in the same zip code.
Average Birmingham Assessed Value
$92,390
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 Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | $22,440 | $53,245 | $92,390 | $143,510 | $222,430 |
Source: Ownwell
Property Tax Bills Across Birmingham, Iowa
In Birmingham, Van Buren County, IA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. For instance, the median home price in Birmingham stands at $92,390. Property tax rates in Birmingham are competitive when compared to the national median property tax rate of 0.99%. Homeowners in Birmingham can expect property tax bills to vary significantly based on their property's assessed value. For example, the tax bill at the 25th percentile is $545, while at the 75th percentile, it's $1,448, and at the 90th percentile, it reaches $2,220. The highest and lowest median tax bills in the area both stand at $964, which is notably higher than the national median. These tax bills are crucial for funding local services such as schools, infrastructure, and public safety, directly impacting the quality of life in Birmingham.
Average Birmingham Tax Bill
$964
Average Van Buren County Tax Bill
$987
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Birmingham, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52535 | $238 | $545 | $964 | $1,448 | $2,220 |
Source: Ownwell