50579 Property Tax Rate

Property owners in ZIP code 50579 (Rockwell City, Iowa) pay a median of $1,650/year in property taxes on homes valued at $136,800. This translates to an effective tax rate of 1.21%, which is 6% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50579 is approximately $138, which factors into escrow payments on mortgages. This ZIP code is located within Calhoun County. This is $415 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50579 has higher property taxes. ZIP codes with similar effective rates include 52206 (1.21%) and 50250 (1.21%).

In Rockwell City, property taxes represent approximately 2.4% of the median household income of $69,464, 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. Calhoun County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Calhoun 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.