50170 Property Tax Rate

Property owners in ZIP code 50170 (Monroe, Iowa) pay a median of $2,520/year in property taxes on homes valued at $193,500. 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 50170 is approximately $210, which factors into escrow payments on mortgages. This ZIP code is located within Jasper County. This is $455 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50170 has higher property taxes. ZIP codes with similar effective rates include 52203 (1.30%) and 50674 (1.30%).

In Monroe, property taxes represent approximately 2.9% of the median household income of $86,205, 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.