50115 Property Tax Rate

Property owners in ZIP code 50115 (Guthrie Center, Iowa) pay a median of $1,895/year in property taxes on homes valued at $139,600. This translates to an effective tax rate of 1.36%, which is 6% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50115 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Guthrie County.

Compared to similar ZIP codes in Iowa, 50115 has higher property taxes. ZIP codes with similar effective rates include 52235 (1.36%) and 50026 (1.36%).

In Guthrie Center, property taxes represent approximately 2.7% of the median household income of $70,952, providing context for the relative tax burden on homeowners in this area.

Iowa's triennial reassessment system means your property will be reassessed to current market value during the next assessment period with no statewide cap on increases. Iowa provides a Homestead Property Tax Exemption reducing taxable assessed value by approximately 25% for owner-occupied homes and a Homestead Property Tax Credit for households earning below specified thresholds; file your homestead exemption claim with the Guthrie County Assessor within 90 days of closing. File a Formal Assessment Appeal with the Guthrie County Board of Review within 45 days of receiving your Notice of Assessment if you believe the assessed value is inaccurate.