50171 Property Tax Rate

Property owners in ZIP code 50171 (Montezuma, Iowa) pay a median of $2,208/year in property taxes on homes valued at $188,700. This translates to an effective tax rate of 1.17%, which is 8% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50171 is approximately $184, which factors into escrow payments on mortgages. This ZIP code is located within Poweshiek County.

Compared to similar ZIP codes in Iowa, 50171 has lower property taxes. ZIP codes with similar effective rates include 50539 (1.17%) and 52207 (1.17%).

In Montezuma, property taxes represent approximately 3.9% of the median household income of $55,944, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Poweshiek County Assessor will assess your property at market value, and subsequent increases are not limited by state law. Poweshiek County offers county-level exemptions for seniors (65+), disabled homeowners, and veterans—contact the Poweshiek County Assessor for specific income caps and required documents. File your exemption claim with the Poweshiek County Assessor by January 1 of the tax year for which you seek relief.