51232 Property Tax Rate

Property owners in ZIP code 51232 (Ashton, Iowa) pay a median of $1,052/year in property taxes on homes valued at $97,700. This translates to an effective tax rate of 1.08%, which is 16% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51232 is approximately $88, which factors into escrow payments on mortgages. This ZIP code is located within Osceola County. This is $1,013 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51232 has lower property taxes. ZIP codes with similar effective rates include 50576 (1.08%) and 51243 (1.08%).

In Ashton, property taxes represent approximately 1.3% of the median household income of $79,250, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 51232, 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 Osceola County's tax assessor directly.