50531 Property Tax Rate

Property owners in ZIP code 50531 (Dolliver, Iowa) pay a median of $1,315/year in property taxes on homes valued at $128,100. This translates to an effective tax rate of 1.03%, which is 20% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50531 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Emmet County. This is $750 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50531 has lower property taxes. ZIP codes with similar effective rates include 50538 (1.03%) and 52249 (1.03%).

In Dolliver, property taxes represent approximately 1.2% of the median household income of $105,375, 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.