50240 Property Tax Rate

Property owners in ZIP code 50240 (Saint Charles, Iowa) pay a median of $3,978/year in property taxes on homes valued at $297,200. This translates to an effective tax rate of 1.34%, which is 5% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50240 is approximately $332, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $1,913 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50240 has higher property taxes. ZIP codes with similar effective rates include 52052 (1.34%) and 50054 (1.34%).

In Saint Charles, property taxes represent approximately 3.6% of the median household income of $110,027, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Madison County Assessor will assess your property at market value, and subsequent increases are subject only to local appraisal practices. Madison County residents age 65+, disabled persons, and qualifying veterans should contact the Madison County Assessor about available exemptions and their specific income or asset thresholds. Submit your exemption claim to the Madison County Assessor by January 1 of the year you wish the exemption to take effect.