50511 Property Tax Rate

Property owners in ZIP code 50511 (Algona, Iowa) pay a median of $2,275/year in property taxes on homes valued at $180,600. This translates to an effective tax rate of 1.26%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50511 is approximately $190, which factors into escrow payments on mortgages. This ZIP code is located within Kossuth County. This is $210 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50511 has higher property taxes. ZIP codes with similar effective rates include 50574 (1.26%) and 51247 (1.26%).

In Algona, property taxes represent approximately 3.8% of the median household income of $60,256, 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. Kossuth County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Kossuth 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.