Belmond, Wright County, Iowa Property Taxes
Median Belmond, IA effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Belmond, IA home value: $105,550
Median annual Belmond, IA tax bill: $1,810, $590 lower than the national median property tax bill of $2,400.
How are property taxes in Wright County calculated?
Property taxes in Belmond, 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 Belmond’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belmond, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belmond, Wright County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.79%
Estimate Property Tax Bill
$1,889
$1,753
Ownwell’s Belmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Belmond with just two data points.
By entering your property's estimated assessed value, our calculator applies Belmond’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 Wright County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Belmond, Wright County, Iowa
Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county annually estimating its budgetary needs for providing services and then dividing that by the total assessed value of all taxable properties in its jurisdiction. This calculation establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process.
In Belmond, located in Wright County, Iowa, the effective property tax rate is a reflection of this process. Compared to other cities in Iowa, Belmond's rate aligns with the state's median property tax rate of 1.79%, which is notably higher than the national median of 1.02%. Property owners in Belmond, therefore, pay a more substantial portion of their property's assessed value in taxes compared to the average U.S. homeowner, who faces a median property tax bill of $2,400. This highlights the importance for property owners in Belmond to consider appealing their property tax assessments or exploring available exemptions to potentially lower their tax burdens.
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 Belmond Tax Rate
1.79%
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 Wright County Tax Rate
1.74%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Belmond, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50421 | 1.22% | 1.57% | 1.79% | 1.96% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Belmond, Wright County, Iowa
When examining property taxes in Belmond, IA, 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 Wright County appraisal district 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 Wright 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 Belmond.
For example, the median home price in Belmond is $105,550, with tax bills ranging significantly across the county. Zip code 50421 has the highest median home price at $105,550.
Property Tax Assessment Values Across Belmond, Wright County, Iowa
Source: Ownwell
$21,700
$92,225
$162,750
Median Belmond Market Value
$105,550
Median Wright County Market Value
$98,800
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Belmond, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50421 | $42,390 | $68,925 | $105,550 | $152,025 | $222,420 |
Source: Ownwell
Property Tax Bills Across Belmond, Wright County, Iowa
In Belmond, Wright County, IA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $105,550, the tax bill can vary significantly depending on the assessed value. Homeowners in this area typically see tax bills ranging from $1,232 at the 25th percentile to $3,458 at the 90th percentile. The highest and lowest median tax bills both stand at $1,810, which is below the national median property tax bill of $2,400. This relatively lower tax burden can still impact homeowners, especially if the assessed value of their property increases over time.
Ownwell offers valuable assistance to homeowners by providing expert property tax appeal services. By analyzing the assessed value and comparing it with similar properties, Ownwell helps ensure homeowners are not overpaying. This can potentially save homeowners a significant amount on their property tax bills, offering peace of mind and financial relief.
Median Belmond Tax Bill
$1,810
Median Wright County Tax Bill
$1,678
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Belmond, Wright County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50421 | $764 | $1,232 | $1,810 | $2,535 | $3,458 |
Source: Ownwell