50455 Property Tax Rate

Property owners in ZIP code 50455 (Mc Intire, Iowa) pay a median of $1,327/year in property taxes on homes valued at $118,500. This translates to an effective tax rate of 1.12%, which is 12% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50455 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Mitchell County. This is $738 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50455 has lower property taxes. ZIP codes with similar effective rates include 52755 (1.12%) and 51237 (1.12%).

In Mc Intire, property taxes represent approximately 2.5% of the median household income of $52,222, 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. Mitchell County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Mitchell 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.