50665 Property Tax Rate

Property owners in ZIP code 50665 (Parkersburg, Iowa) pay a median of $2,835/year in property taxes on homes valued at $214,700. This translates to an effective tax rate of 1.32%, which is 3% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50665 is approximately $236, which factors into escrow payments on mortgages. This ZIP code is located within Butler County. This is $770 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50665 has lower property taxes. ZIP codes with similar effective rates include 50237 (1.32%) and 50112 (1.32%).

In Parkersburg, property taxes represent approximately 3.9% of the median household income of $72,434, 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. Butler County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Butler 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.