50476 Property Tax Rate

Property owners in ZIP code 50476 (Stacyville, Iowa) pay a median of $1,335/year in property taxes on homes valued at $120,300. This translates to an effective tax rate of 1.11%, which is 13% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50476 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Mitchell County. This is $730 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50476 has higher property taxes. ZIP codes with similar effective rates include 52565 (1.11%) and 50247 (1.11%).

In Stacyville, property taxes represent approximately 2.1% of the median household income of $62,308, 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.