50653 Property Tax Rate

Property owners in ZIP code 50653 (Marble Rock, Iowa) pay a median of $1,850/year in property taxes on homes valued at $150,900. This translates to an effective tax rate of 1.23%, which is 4% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50653 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Floyd County. This is $215 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50653 has lower property taxes. ZIP codes with similar effective rates include 50664 (1.23%) and 50654 (1.23%).

In Marble Rock, property taxes represent approximately 2.8% of the median household income of $65,313, 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. Floyd County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Floyd 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.