50601 Property Tax Rate

Property owners in ZIP code 50601 (Ackley, Iowa) pay a median of $1,526/year in property taxes on homes valued at $114,200. This translates to an effective tax rate of 1.34%, which is 5% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50601 is approximately $127, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $539 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50601 has lower property taxes. ZIP codes with similar effective rates include 50604 (1.34%) and 50841 (1.34%).

In Ackley, property taxes represent approximately 2.4% of the median household income of $63,869, 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. Franklin County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Franklin 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.