50153 Property Tax Rate

Property owners in ZIP code 50153 (Lynnville, Iowa) pay a median of $1,888/year in property taxes on homes valued at $155,600. This translates to an effective tax rate of 1.21%, which is 5% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50153 is approximately $157, which factors into escrow payments on mortgages. This ZIP code is located within Jasper County.

Compared to similar ZIP codes in Iowa, 50153 has lower property taxes. ZIP codes with similar effective rates include 52329 (1.21%) and 50590 (1.21%).

In Lynnville, property taxes represent approximately 2.7% of the median household income of $71,136, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Jasper County Assessor will assess your property at fair market value, which may increase each year without statutory limits. Seniors age 65+, disabled persons, and veterans may qualify for county exemptions—verify eligibility and deadlines with the Jasper County Assessor. Submit exemption applications to the Jasper County Assessor before January 1 of the year you wish the exemption to take effect.