50228 Property Tax Rate

Property owners in ZIP code 50228 (Prairie City, Iowa) pay a median of $2,620/year in property taxes on homes valued at $197,200. This translates to an effective tax rate of 1.33%, which is 4% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50228 is approximately $218, which factors into escrow payments on mortgages. This ZIP code is located within Jasper County. This is $555 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50228 has higher property taxes. ZIP codes with similar effective rates include 52003 (1.33%) and 52623 (1.33%).

In Prairie City, property taxes represent approximately 2.9% of the median household income of $89,511, 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.