50108 Property Tax Rate

Property owners in ZIP code 50108 (Grand River, Iowa) pay a median of $1,014/year in property taxes on homes valued at $46,300. This translates to an effective tax rate of 2.19%, which is 72% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50108 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Decatur County. This is $1,051 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50108 has higher property taxes. ZIP codes with similar effective rates include 52401 (2.16%) and 52164 (2.26%).

In Grand River, property taxes represent approximately 3.0% of the median household income of $33,594, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 50108, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Decatur County's tax assessor directly.