Jesup, Buchanan County, Iowa Property Taxes

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

Median Jesup, IA effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Jesup, IA home value: $183,360
Median annual Jesup, IA tax bill: $2,794, $394 higher than the national median property tax bill of $2,400.

How are property taxes in Buchanan County calculated?

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

Last Updated March 1, 2025

Jesup, Buchanan County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$2,934

$2,722

Ownwell’s Jesup Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jesup with just two data points. By entering your property's estimated assessed value, our calculator applies Jesup’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Buchanan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Jesup, Buchanan County, Iowa

Local government entities are responsible for setting tax rates, which can significantly differ within a state. Each county annually estimates its budget requirements for providing services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws also play a role in determining tax rates and budgets, this is essentially the annual process.

In Jesup, located in Buchanan County, Iowa, the effective property tax rate stands at 1.60%. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the variance in property tax rates across different regions. When compared to other cities in Iowa, Jesup's rate aligns with the state's highest and lowest median tax rates, both recorded at 1.60% in the 50648 ZIP code. This consistency within the region underscores the importance of understanding local tax dynamics, as they can significantly impact property owners. By comparing Jesup’s rate to national and state figures, property owners can better assess their tax obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Jesup, Buchanan County, Iowa

Source: Ownwell

1.13%

1.37%

1.61%

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 Jesup Tax Rate

1.60%

Median Effective Buchanan County Tax Rate

1.39%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jesup, Buchanan County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50648	1.16%	1.30%	1.60%	1.66%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Jesup, Buchanan County, Iowa

When examining property taxes in Jesup, 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 Buchanan County Assessor 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 Buchanan 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 Jesup. For example, the median home price in Jesup is $183,360, with tax bills ranging significantly across the county. Zip code 50648 has the highest median home price at $183,360.

Property Tax Assessment Values Across Jesup, Buchanan County, Iowa

Source: Ownwell

$72,350

$156,665

$240,980

Median Jesup Market Value

$183,360

Median Buchanan County Market Value

$154,105

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Jesup, Buchanan County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50648	$77,660	$129,035	$183,360	$262,135	$361,200

Source: Ownwell

Property Tax Bills Across Jesup, Buchanan County, Iowa

In Jesup, located in Buchanan County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Jesup experience a median property tax bill of $2,794, which is higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. The tax bill can vary significantly, with the 25th percentile at $1,926 and the 90th percentile reaching $5,163. These variations can impact homeowners' financial planning, making it crucial to ensure their property is fairly assessed. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell identifies opportunities for savings, ensuring homeowners in Jesup only pay their fair share, maximizing their financial well-being.

Property Tax Bills Across Jesup, Buchanan County, Iowa

Source: Ownwell

$916

$1,855

$2,794

Median Jesup Tax Bill

$2,794

Median Buchanan County Tax Bill

$2,162

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Jesup, Buchanan County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50648	$1,018	$1,926	$2,794	$3,936	$5,163

Source: Ownwell