50456 Property Tax Rate

Property owners in ZIP code 50456 (Manly, Iowa) pay a median of $1,461/year in property taxes on homes valued at $119,100. This translates to an effective tax rate of 1.23%, which is 4% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50456 is approximately $122, which factors into escrow payments on mortgages. This ZIP code is located within Worth County. This is $604 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50456 has higher property taxes. ZIP codes with similar effective rates include 50654 (1.23%) and 52768 (1.23%).

In Manly, property taxes represent approximately 1.9% of the median household income of $78,750, 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. Worth County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Worth 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.