51025 Property Tax Rate

Property owners in ZIP code 51025 (Holstein, Iowa) pay a median of $1,268/year in property taxes on homes valued at $118,100. This translates to an effective tax rate of 1.07%, which is 16% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51025 is approximately $106, which factors into escrow payments on mortgages. This ZIP code is located within Ida County. This is $797 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51025 has lower property taxes. ZIP codes with similar effective rates include 51338 (1.07%) and 50271 (1.07%).

In Holstein, property taxes represent approximately 2.0% of the median household income of $63,375, providing context for the relative tax burden on homeowners in this area.

Iowa taxes property at 100% market value with no annual increase cap, and the Ida County Assessor will reassess your home to current value, potentially raising your bill significantly. The Homestead Property Tax Credit (HPTC) reduces taxes for households earning under $32,400, providing relief up to $1,375 per year based on your home's value and income. File your HPTC application with the Ida County Assessor within 60 days of purchase to ensure you receive the credit for the current tax year.