50599 Property Tax Rate

Property owners in ZIP code 50599 (Woolstock, Iowa) pay a median of $1,781/year in property taxes on homes valued at $200,600. This translates to an effective tax rate of 0.89%, which is 30% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50599 is approximately $148, which factors into escrow payments on mortgages. This ZIP code is located within Wright County. This is $284 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50599 has higher property taxes. ZIP codes with similar effective rates include 50001 (0.89%) and 50453 (0.89%).

In Woolstock, property taxes represent approximately 1.9% of the median household income of $95,000, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Wright County Assessor will establish your property value at fair market value at purchase, with no state-level exemption to cap future increases. Wright County offers county-administered exemptions for seniors (65+), disabled persons, and veterans—contact the Wright County Assessor for income limits and application instructions. Submit your exemption form to the Wright County Assessor by December 31 of the year before the tax year you wish to claim relief.