50074 Property Tax Rate

Property owners in ZIP code 50074 (Ellston, Iowa) pay a median of $5,000/year in property taxes on homes valued at $435,300. This translates to an effective tax rate of 1.15%, which is 10% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50074 is approximately $417, which factors into escrow payments on mortgages. This ZIP code is located within Ringgold County. This is $2,935 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50074 has lower property taxes. ZIP codes with similar effective rates include 50229 (1.15%) and 52248 (1.15%).

In Ellston, property taxes represent approximately 4.8% of the median household income of $103,750, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Ringgold County Assessor will assess your property at market value annually without a state homestead exemption to limit growth. Ringgold County residents age 65+, disabled homeowners, and veterans may qualify for local exemptions—contact the Ringgold County Assessor to verify income thresholds and filing deadlines. Submit your exemption claim to the Ringgold County Assessor by January 1 to ensure the exemption applies to the following tax year.