50075 Property Tax Rate

Property owners in ZIP code 50075 (Ellsworth, Iowa) pay a median of $1,824/year in property taxes on homes valued at $140,400. This translates to an effective tax rate of 1.30%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50075 is approximately $152, which factors into escrow payments on mortgages. This ZIP code is located within Hamilton County. This is $241 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50075 has higher property taxes. ZIP codes with similar effective rates include 50207 (1.30%) and 50833 (1.30%).

In Ellsworth, property taxes represent approximately 2.6% of the median household income of $69,306, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Hamilton County Assessor will value your home at fair market value at purchase and annually thereafter without a state exemption cap. Hamilton County provides local exemptions for seniors (65+), disabled persons, and veterans—contact the Hamilton County Assessor to learn income thresholds and required documentation. Submit your exemption application to the Hamilton County Assessor by December 31 of the year before you wish the exemption to apply.