50459 Property Tax Rate

Property owners in ZIP code 50459 (Northwood, Iowa) pay a median of $1,742/year in property taxes on homes valued at $148,000. This translates to an effective tax rate of 1.18%, which is 8% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50459 is approximately $145, which factors into escrow payments on mortgages. This ZIP code is located within Worth County. This is $323 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50459 has lower property taxes. ZIP codes with similar effective rates include 52749 (1.18%) and 50629 (1.18%).

In Northwood, property taxes represent approximately 2.3% of the median household income of $76,053, 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.