50532 Property Tax Rate

Property owners in ZIP code 50532 (Duncombe, Iowa) pay a median of $2,467/year in property taxes on homes valued at $169,400. This translates to an effective tax rate of 1.46%, which is 14% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50532 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Webster County. This is $402 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50532 has lower property taxes. ZIP codes with similar effective rates include 51062 (1.46%) and 52255 (1.46%).

In Duncombe, property taxes represent approximately 3.8% of the median household income of $65,000, 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. Webster County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Webster 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.