50028 Property Tax Rate

Property owners in ZIP code 50028 (Baxter, Iowa) pay a median of $2,745/year in property taxes on homes valued at $197,400. This translates to an effective tax rate of 1.39%, which is 9% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50028 is approximately $229, which factors into escrow payments on mortgages. This ZIP code is located within Jasper County. This is $680 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50028 has higher property taxes. ZIP codes with similar effective rates include 52659 (1.39%) and 50063 (1.39%).

In Baxter, property taxes represent approximately 3.9% of the median household income of $70,982, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Jasper County Assessor will assess your property at fair market value, which may increase each year without statutory limits. Seniors age 65+, disabled persons, and veterans may qualify for county exemptions—verify eligibility and deadlines with the Jasper County Assessor. Submit exemption applications to the Jasper County Assessor before January 1 of the year you wish the exemption to take effect.