50118 Property Tax Rate

Property owners in ZIP code 50118 (Hartford, Iowa) pay a median of $2,528/year in property taxes on homes valued at $177,100. This translates to an effective tax rate of 1.43%, which is 12% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50118 is approximately $211, which factors into escrow payments on mortgages. This ZIP code is located within Warren County. This is $463 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50118 has higher property taxes. ZIP codes with similar effective rates include 50160 (1.43%) and 51537 (1.43%).

In Hartford, property taxes represent approximately 3.2% of the median household income of $79,583, providing context for the relative tax burden on homeowners in this area.

Iowa conducts triennial property reassessments based on current market value — expect your assessment to be updated to current fair market value within three years if you purchase in a reassessment year, with no cap on increases at sale. Iowa offers a homestead property tax exemption reducing taxable value by approximately 25% for owner-occupied primary residences and a family farm exemption; file your homestead claim with the Warren County Assessor within 90 days of purchase. Contact the Warren County Assessor immediately to confirm your reassessment year and file a formal appeal by the statutory deadline (typically 45 days from the Notice of Assessment) if the assessed value exceeds recent comparable sales.