50864 Property Tax Rate

Property owners in ZIP code 50864 (Villisca, Iowa) pay a median of $1,508/year in property taxes on homes valued at $98,600. This translates to an effective tax rate of 1.53%, which is 20% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 50864 is approximately $126, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $557 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 50864 has higher property taxes. ZIP codes with similar effective rates include 50047 (1.53%) and 50126 (1.53%).

In Villisca, property taxes represent approximately 2.4% of the median household income of $63,657, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 50864, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Montgomery County's tax assessor directly.