50129 Property Tax Rate

Property owners in ZIP code 50129 (Jefferson, Iowa) pay a median of $1,957/year in property taxes on homes valued at $154,700. This translates to an effective tax rate of 1.26%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50129 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within Greene County.

Compared to similar ZIP codes in Iowa, 50129 has higher property taxes. ZIP codes with similar effective rates include 50632 (1.27%) and 50236 (1.26%).

In Jefferson, property taxes represent approximately 3.4% of the median household income of $56,956, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Greene County Assessor will value your property at fair market value with no state-imposed exemption to protect against annual increases. Greene County may provide exemptions for seniors, disabled homeowners, or veterans—contact the Greene County Assessor to confirm available programs and income limits. File any exemption application with the Greene County Assessor by December 31 to activate relief on the following tax year's bill.