50453 Property Tax Rate

Property owners in ZIP code 50453 (Leland, Iowa) pay a median of $1,445/year in property taxes on homes valued at $162,500. This translates to an effective tax rate of 0.89%, which is 30% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50453 is approximately $120, which factors into escrow payments on mortgages. This ZIP code is located within Winnebago County. This is $620 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50453 has lower property taxes. ZIP codes with similar effective rates include 51345 (0.89%) and 52657 (0.89%).

In Leland, property taxes represent approximately 2.1% of the median household income of $70,000, providing context for the relative tax burden on homeowners in this area.

Iowa reassesses property at market value every four years during the general reassessment cycle; your purchase price triggers a new assessment that becomes the base for future valuations. Winnebago County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Winnebago County Assessor's office to file immediately after closing. Request a copy of your assessment notice and note the appeal deadline, typically 30 days from the notice date, to challenge any overvaluation.