50247 Property Tax Rate

Property owners in ZIP code 50247 (State Center, Iowa) pay a median of $1,855/year in property taxes on homes valued at $167,200. This translates to an effective tax rate of 1.11%, which is 13% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50247 is approximately $155, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County. This is $210 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50247 has lower property taxes. ZIP codes with similar effective rates include 52565 (1.11%) and 50476 (1.11%).

In State Center, property taxes represent approximately 2.1% of the median household income of $90,179, providing context for the relative tax burden on homeowners in this area.

Iowa's triennial reassessment cycle means your property will be reassessed to fair market value within three years with no statutory cap on assessment increases. Marshall County homeowners may file for the Homestead Property Tax Exemption (reducing taxable assessed value approximately 25%) and the Homestead Property Tax Credit if qualifying by income; submit your exemption claim to the Marshall County Assessor within 90 days of closing. File a Formal Assessment Appeal with the Marshall County Board of Review within 45 days of receiving your Notice of Assessment if the assessed value appears inflated relative to comparable recent sales.