50057 Property Tax Rate

Property owners in ZIP code 50057 (Columbia, Iowa) pay a median of $2,314/year in property taxes on homes valued at $213,100. This translates to an effective tax rate of 1.09%, which is 15% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50057 is approximately $193, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $249 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50057 has higher property taxes. ZIP codes with similar effective rates include 50241 (1.09%) and 52745 (1.09%).

Iowa does not cap property tax increases at purchase or reassessment; the Marion County Assessor will establish your property value at purchase price, and subsequent annual increases are not limited by state law. Marion County residents age 65+, disabled homeowners, and veterans may qualify for county-level exemptions—verify your eligibility directly with the Marion County Assessor. File your exemption claim with the Marion County Assessor by the January 1 deadline to ensure relief on your next tax bill.