50062 Property Tax Rate

Property owners in ZIP code 50062 (Melcher Dallas, Iowa) pay a median of $2,080/year in property taxes on homes valued at $163,100. This translates to an effective tax rate of 1.28%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50062 is approximately $173, which factors into escrow payments on mortgages. This ZIP code is located within Marion County.

Compared to similar ZIP codes in Iowa, 50062 has higher property taxes. ZIP codes with similar effective rates include 50638 (1.27%) and 52338 (1.28%).

In Melcher Dallas, property taxes represent approximately 2.9% of the median household income of $70,714, providing context for the relative tax burden on homeowners in this area.

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.