50104 Property Tax Rate

Property owners in ZIP code 50104 (Gibson, Iowa) pay a median of $1,682/year in property taxes on homes valued at $191,700. This translates to an effective tax rate of 0.88%, which is 31% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50104 is approximately $140, which factors into escrow payments on mortgages. This ZIP code is located within Keokuk County. This is $383 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50104 has lower property taxes. ZIP codes with similar effective rates include 51022 (0.88%) and 51046 (0.88%).

In Gibson, property taxes represent approximately 2.9% of the median household income of $57,083, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Keokuk County Assessor will value your property at fair market value with no state-imposed homestead exemption to prevent annual value increases. Keokuk County provides exemptions for qualifying seniors, disabled persons, and veterans—contact the Keokuk County Assessor to confirm eligibility requirements and application procedures. File your exemption application with the Keokuk County Assessor by December 31 to activate relief on the next tax year's assessment.