50703 Property Tax Rate
Waterloo, Iowa · Part of Black Hawk County
Effective Tax Rate
1.60%
28.3% below state avgMedian Annual Tax
$1,481
$123/mo escrow
Estimate Your Tax
Annual Tax
$1,481
Monthly
$123
Eff. Rate
1.60%
Buyer decision brief
What ZIP 50703 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$123/mo
Based on median annual tax paid
State context
0.32 percentage points above the Iowa average
Iowa average: 1.28%
Data confidence
High confidenceThe Census margin of error is $127, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Black Hawk County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 50703 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$127 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Black Hawk County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 50703
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $92,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.60%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Iowa and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $123 per month before insurance, HOA dues, or special assessments.
Assessor verification
Black Hawk County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 50703 Compares
Median Annual Property Tax
ZIP 50703
1.60%
Effective rate
Iowa Avg
1.28%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Iowa
Higher than 88% of ZIP codes in Iowa(88th percentile, 908 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 50703
Property owners in ZIP code 50703 (Waterloo, Iowa) pay a median of $1,481/year in property taxes on homes valued at $92,500. This translates to an effective tax rate of 1.60%, which is 25% above the Iowa state average of 1.28%.
The monthly property tax burden for a median-valued home in 50703 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Black Hawk County. This is $584 less than the Iowa average of $2,065/year.
Compared to similar ZIP codes in Iowa, 50703 has lower property taxes. ZIP codes with similar effective rates include 50501 (1.60%) and 50163 (1.60%).
In Waterloo, property taxes represent approximately 3.0% of the median household income of $49,412, providing context for the relative tax burden on homeowners in this area.
Iowa reassesses properties at full market value each year with no increase cap, and your bill could rise substantially if the Black Hawk County Assessor increases your valuation. The Homestead Property Tax Credit (HPTC) reduces taxes based on income and home value for households earning under $32,400, potentially saving up to $1,375 annually. File your HPTC application with the Black Hawk County Assessor's office immediately after purchase to ensure you qualify for the credit on your first tax statement.
Frequently Asked Questions
What is the property tax rate in ZIP code 50703?
How much are property taxes in Waterloo, IA (50703)?
How does ZIP 50703 compare to the Iowa average?
What is the median home value in ZIP 50703?
What county is ZIP code 50703 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$127. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 50703 is part of Black Hawk County, Iowa. View the full county profile for broader context and more data.
View Black Hawk County on TaxByCounty →Explore Waterloo, IA
View all 3 ZIP codes in Waterloo with property tax comparisons.
View Waterloo Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 50703
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
50626
Dunkerton, IA
0.37 percentage points lower than ZIP 50703.
Rate
1.23%
Tax
$2,417
Quality
89
50623
Dewar, IA
0.33 percentage points lower than ZIP 50703.
Rate
1.27%
Tax
$2,167
Quality
74
50643
Hudson, IA
0.25 percentage points lower than ZIP 50703.
Rate
1.35%
Tax
$3,257
Quality
89
50667
Raymond, IA
0.23 percentage points lower than ZIP 50703.
Rate
1.38%
Tax
$2,894
Quality
89
50648
Jesup, IA
0.20 percentage points lower than ZIP 50703.
Rate
1.40%
Tax
$2,944
Quality
89
50707
Evansdale, IA
0.19 percentage points lower than ZIP 50703.
Rate
1.41%
Tax
$2,009
Quality
89
50613
Cedar Falls, IA
0.18 percentage points lower than ZIP 50703.
Rate
1.42%
Tax
$3,667
Quality
89
50651
La Porte City, IA
0.14 percentage points lower than ZIP 50703.
Rate
1.46%
Tax
$2,527
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.