50230 Property Tax Rate

Property owners in ZIP code 50230 (Radcliffe, Iowa) pay a median of $1,455/year in property taxes on homes valued at $147,700. This translates to an effective tax rate of 0.99%, which is 23% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50230 is approximately $121, which factors into escrow payments on mortgages. This ZIP code is located within Hardin County. This is $610 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50230 has lower property taxes. ZIP codes with similar effective rates include 50473 (0.99%) and 51557 (0.99%).

In Radcliffe, property taxes represent approximately 1.8% of the median household income of $80,769, providing context for the relative tax burden on homeowners in this area.

Iowa conducts triennial reassessments based on current market value with no statewide cap, so properties are reassessed to fair market value during the applicable three-year cycle. Hardin County residents qualify for the Homestead Property Tax Exemption reducing assessed value by approximately 25% and the Homestead Property Tax Credit for households below the income threshold; file your homestead claim with the Hardin County Assessor within 90 days of purchase. Submit a Formal Assessment Appeal to the Hardin County Board of Review within 45 days of your Notice of Assessment if you believe the assessed value exceeds comparable property values.