50514 Property Tax Rate

Property owners in ZIP code 50514 (Armstrong, Iowa) pay a median of $1,358/year in property taxes on homes valued at $128,600. This translates to an effective tax rate of 1.06%, which is 17% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50514 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Emmet County. This is $707 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50514 has lower property taxes. ZIP codes with similar effective rates include 50256 (1.06%) and 52073 (1.06%).

In Armstrong, property taxes represent approximately 1.9% of the median household income of $70,550, 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. Emmet County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Emmet 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.