50143 Property Tax Rate

Property owners in ZIP code 50143 (Leighton, Iowa) pay a median of $2,435/year in property taxes on homes valued at $300,800. This translates to an effective tax rate of 0.81%, which is 37% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50143 is approximately $203, which factors into escrow payments on mortgages. This ZIP code is located within Mahaska County. This is $370 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50143 has higher property taxes. ZIP codes with similar effective rates include 50840 (0.81%) and 52231 (0.81%).

In Leighton, property taxes represent approximately 2.9% of the median household income of $84,630, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; assessed values are determined by the county assessor and can rise annually without a state-imposed homestead exemption. Mahaska County offers exemptions for qualifying seniors, disabled homeowners, and veterans—contact the Mahaska County Assessor for specific income limits and application procedures. File your exemption claim with the Mahaska County Assessor immediately after purchase to ensure you receive relief on your first assessment.