50630 Property Tax Rate

Property owners in ZIP code 50630 (Fredericksburg, Iowa) pay a median of $1,629/year in property taxes on homes valued at $196,900. This translates to an effective tax rate of 0.83%, which is 35% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50630 is approximately $136, which factors into escrow payments on mortgages. This ZIP code is located within Chickasaw County. This is $436 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50630 has lower property taxes. ZIP codes with similar effective rates include 52631 (0.83%) and 50567 (0.83%).

In Fredericksburg, property taxes represent approximately 2.4% of the median household income of $68,859, providing context for the relative tax burden on homeowners in this area.

Iowa assesses property at 100% of market value with no statutory cap on annual increases, meaning your tax bill can rise significantly if your home appreciates or is reassessed by the Chickasaw County Assessor. The Homestead Property Tax Credit (HPTC) reduces property taxes based on household income and home value — eligible homeowners earning under $32,400 can receive up to $1,375 in annual tax credits. Contact the Chickasaw County Assessor to verify your home qualifies for the HPTC and file your claim by the annual deadline to receive the credit on your next tax bill.