Bonaparte, Van Buren County, Iowa Property Taxes

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

Median Bonaparte, IA effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Bonaparte, IA home value: $91,445
Median annual Bonaparte, IA tax bill: $994, $1,406 lower than the national median property tax bill of $2,400.

How are property taxes in Van Buren County calculated?

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

Last Updated March 1, 2025

Bonaparte, Van Buren County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$924

$857

Ownwell’s Bonaparte Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bonaparte with just two data points. By entering your property's estimated assessed value, our calculator applies Bonaparte’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 Van Buren County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bonaparte, Van Buren County, Iowa

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its budgetary needs to provide services and divides that by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the general annual process.

In Bonaparte, located in Van Buren County, Iowa, the effective property tax rate stands at 1.01%, aligning closely with the state's median rate. This rate is slightly below the national median property tax rate of 1.02%. Residents in Bonaparte benefit from a property tax rate that is competitive within the state, potentially leading to lower annual tax bills compared to other regions. The effective tax rate in Bonaparte reflects the county's efforts to balance budgetary requirements with the total assessed value of properties, ensuring that residents receive necessary services without an excessive tax burden. Comparing Bonaparte’s effective property tax rate with the national median provides a broader perspective on how local tax obligations measure up.

Property Tax Rates Across Bonaparte, Van Buren County, Iowa

Source: Ownwell

0.95%

1.05%

1.15%

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 Bonaparte Tax Rate

1.01%

Median Effective Van Buren County Tax Rate

1.04%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bonaparte, Van Buren County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
52620	0.84%	0.93%	1.01%	1.15%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Bonaparte, Van Buren County, Iowa

When examining property taxes in Bonaparte, 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 Van Buren 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 Van Buren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bonaparte. For example, the median home price in Bonaparte is $91,445, with tax bills ranging significantly across the county. Zip code 52620 has the highest median home price at $91,445.

Property Tax Assessment Values Across Bonaparte, Van Buren County, Iowa

Source: Ownwell

$62,500

$95,930

$129,360

Median Bonaparte Market Value

$91,445

Median Van Buren County Market Value

$93,400

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bonaparte, Van Buren County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
52620	$20,708	$44,660	$91,445	$159,130	$234,160

Source: Ownwell

Property Tax Bills Across Bonaparte, Van Buren County, Iowa

In Bonaparte, located in Van Buren County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Bonaparte is $91,445. Homeowners can expect a tax bill that varies significantly, with the 25th percentile at $488 and the 75th percentile reaching $1,619. The 90th percentile tax bill can rise to $2,272, reflecting disparities in property assessments and local tax rates. Compared to the national median property tax bill of $2,400, Bonaparte's tax bills are relatively moderate, yet they can still pose a burden on homeowners. Factors such as local government budgets, school district funding, and public services influence these property tax rates. Ownwell assists homeowners by offering property tax appeal services, potentially lowering tax bills through reassessment requests or exemptions. By leveraging expert knowledge and a deep understanding of local tax regulations, Ownwell helps homeowners navigate the complexities of property tax appeals, ensuring they pay only their fair share.

Property Tax Bills Across Bonaparte, Van Buren County, Iowa

Source: Ownwell

$720

$1,018

$1,316

Median Bonaparte Tax Bill

$994

Median Van Buren County Tax Bill

$987

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Bonaparte, Van Buren County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
52620	$209	$488	$994	$1,619	$2,272

Source: Ownwell