Waterloo, Black Hawk County, Iowa Property Taxes

Name: Property Tax Bills Across Waterloo, Black Hawk County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterloo, IA effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Waterloo, IA home value: $117,140
Median annual Waterloo, IA tax bill: $1,926, $474 lower than the national median property tax bill of $2,400.

How are property taxes in Black Hawk County calculated?

Property taxes in Waterloo, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Waterloo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterloo, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterloo, Black Hawk County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.89%

Estimate Property Tax Bill

$2,232

$2,072

Ownwell’s Waterloo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterloo with just two data points. By entering your property's estimated assessed value, our calculator applies Waterloo’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Black Hawk County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Black Hawk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterloo, Black Hawk County, Iowa

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Waterloo’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.

Waterloo, located in Black Hawk County, has a median property tax rate of 1.70%. This rate is notably higher than the national median of 1.02%, reflecting the local government's budgetary needs and property values. Within Black Hawk County, the highest median tax rate can be found in the 50701 zip code at 1.74%, while the lowest is in the 50707 zip code at 1.61%. These variations highlight how property tax rates can differ even within a single county, emphasizing the importance of understanding local tax structures.

Property Tax Rates Across Waterloo, Black Hawk County, Iowa

Source: Ownwell

1.01%

1.45%

1.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waterloo Tax Rate

1.89%

Median Effective Black Hawk County Tax Rate

1.63%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterloo, Black Hawk County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50701	1.65%	1.81%	1.90%	2.00%	2.00%
50702	1.68%	1.80%	1.89%	2.00%	2.00%
50703	1.21%	1.59%	1.89%	2.00%	2.00%
50707	1.50%	1.74%	1.84%	2.00%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Waterloo, Black Hawk County, Iowa

When examining property taxes in Waterloo, Iowa, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Black Hawk County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Black Hawk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waterloo.

For example, the median home price in Waterloo is $117,140, with tax bills ranging significantly across the county. Zip code 50701 has the highest median home price at $150,000.

Property Tax Assessment Values Across Waterloo, Black Hawk County, Iowa

Source: Ownwell

$65,060

$177,923

$290,785

Median Waterloo Market Value

$118,120

Median Black Hawk County Market Value

$151,040

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterloo, Black Hawk County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50701	$48,170	$86,340	$150,670	$215,530	$305,308
50702	$47,820	$76,055	$124,265	$162,678	$206,367
50703	$28,086	$45,240	$65,060	$106,920	$172,596
50707	$21,230	$76,600	$124,050	$160,520	$202,710

Source: Ownwell

Property Tax Bills Across Waterloo, Black Hawk County, Iowa

In Waterloo, located in Black Hawk County, IA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median property tax bill in this area is notably lower than the national median, with figures ranging from $1,090 at the 25th percentile to $4,092 at the 90th percentile. The highest median tax bill in the 50701 zip code is $2,556, while the lowest in the 50703 zip code is $1,140. These figures demonstrate significant variability in tax bills within the region, influenced by factors such as property location, size, and market conditions. Homeowners may find these costs burdensome, impacting their financial planning and homeownership experience. Ownwell offers a solution by providing expert property tax appeal and exemption services, potentially lowering these bills. By identifying discrepancies in assessments or uncovering applicable exemptions, Ownwell helps homeowners achieve substantial savings, easing the financial strain and ensuring fair taxation.

Property Tax Bills Across Waterloo, Black Hawk County, Iowa

Source: Ownwell

$1,209

$2,334

$3,459

Median Waterloo Tax Bill

$2,154

Median Black Hawk County Tax Bill

$2,474

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterloo, Black Hawk County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50701	$972	$1,616	$2,742	$3,886	$5,485
50702	$942	$1,452	$2,282	$2,994	$3,839
50703	$568	$850	$1,209	$1,969	$2,790
50707	$480	$1,295	$2,279	$2,931	$3,565

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Black Hawk Tax Assessor
Website	beacon.schneidercorp.com