51345 Property Tax Rate

Property owners in ZIP code 51345 (Harris, Iowa) pay a median of $1,150/year in property taxes on homes valued at $129,200. This translates to an effective tax rate of 0.89%, which is 30% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51345 is approximately $96, which factors into escrow payments on mortgages. This ZIP code is located within Osceola County. This is $915 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51345 has higher property taxes. ZIP codes with similar effective rates include 52657 (0.89%) and 50453 (0.89%).

In Harris, property taxes represent approximately 2.2% of the median household income of $51,938, providing context for the relative tax burden on homeowners in this area.

Iowa reassesses property at market value annually with no statutory cap on increases, and the Osceola County Assessor will set your initial tax based on your home's fair market value. The Homestead Property Tax Credit (HPTC) provides tax relief up to $1,375 per year for homeowners earning under $32,400, calculated based on your home value and household income. File your HPTC application with the Osceola County Assessor before your first tax bill to ensure you receive the maximum available credit.