50275 Property Tax Rate

Property owners in ZIP code 50275 (Woodburn, Iowa) pay a median of $1,949/year in property taxes on homes valued at $192,500. This translates to an effective tax rate of 1.01%, which is 21% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50275 is approximately $162, which factors into escrow payments on mortgages. This ZIP code is located within Clarke County.

Compared to similar ZIP codes in Iowa, 50275 has lower property taxes. ZIP codes with similar effective rates include 51347 (1.01%) and 52562 (1.01%).

In Woodburn, property taxes represent approximately 2.8% of the median household income of $70,804, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Clarke County Assessor will value your property at fair market value annually without a state-level exemption to limit growth. Clarke County offers exemptions for qualifying seniors (65+), disabled persons, and veterans—contact the Clarke County Assessor to verify your eligibility and obtain application materials. Submit your exemption form to the Clarke County Assessor by December 31 of the year before the tax year for which you seek relief.