51360 Property Tax Rate

Property owners in ZIP code 51360 (Spirit Lake, Iowa) pay a median of $2,448/year in property taxes on homes valued at $256,000. This translates to an effective tax rate of 0.96%, which is 25% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51360 is approximately $204, which factors into escrow payments on mortgages. This ZIP code is located within Dickinson County. This is $383 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51360 has lower property taxes. ZIP codes with similar effective rates include 51005 (0.96%) and 51466 (0.96%).

In Spirit Lake, property taxes represent approximately 3.2% of the median household income of $77,464, providing context for the relative tax burden on homeowners in this area.

Iowa applies no cap to property tax increases and reassesses at market value, so the Dickinson County Assessor will determine your initial tax based on your home's current fair market value at purchase. The Homestead Property Tax Credit (HPTC) reduces taxes for households earning under $32,400, offering relief up to $1,375 annually based on your home value and income level. Contact the Dickinson County Assessor immediately after closing to file your HPTC application and lock in the credit for your first tax year.