50464 Property Tax Rate

Property owners in ZIP code 50464 (Plymouth, Iowa) pay a median of $1,600/year in property taxes on homes valued at $167,000. This translates to an effective tax rate of 0.96%, which is 25% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50464 is approximately $133, which factors into escrow payments on mortgages. This ZIP code is located within Cerro Gordo County. This is $465 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50464 has higher property taxes. ZIP codes with similar effective rates include 50446 (0.96%) and 52639 (0.96%).

In Plymouth, property taxes represent approximately 2.2% of the median household income of $74,286, 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. Cerro Gordo County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Cerro Gordo 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.