50670 Property Tax Rate

Property owners in ZIP code 50670 (Shell Rock, Iowa) pay a median of $2,774/year in property taxes on homes valued at $172,100. This translates to an effective tax rate of 1.61%, which is 26% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50670 is approximately $231, which factors into escrow payments on mortgages. This ZIP code is located within Butler County. This is $709 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50670 has lower property taxes. ZIP codes with similar effective rates include 50211 (1.61%) and 51103 (1.61%).

In Shell Rock, property taxes represent approximately 3.3% of the median household income of $83,281, 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.