50473 Property Tax Rate

Property owners in ZIP code 50473 (Scarville, Iowa) pay a median of $1,389/year in property taxes on homes valued at $141,000. This translates to an effective tax rate of 0.99%, which is 23% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50473 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Winnebago County. This is $676 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50473 has lower property taxes. ZIP codes with similar effective rates include 50230 (0.99%) and 51557 (0.99%).

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.