50139 Property Tax Rate

Property owners in ZIP code 50139 (Lacona, Iowa) pay a median of $1,782/year in property taxes on homes valued at $137,500. This translates to an effective tax rate of 1.30%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50139 is approximately $149, which factors into escrow payments on mortgages. This ZIP code is located within Warren County. This is $283 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50139 has higher property taxes. ZIP codes with similar effective rates include 50107 (1.30%) and 50468 (1.30%).

In Lacona, property taxes represent approximately 2.5% of the median household income of $70,673, 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.