51450 Property Tax Rate

Property owners in ZIP code 51450 (Lake View, Iowa) pay a median of $1,460/year in property taxes on homes valued at $177,200. This translates to an effective tax rate of 0.82%, which is 35% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51450 is approximately $122, which factors into escrow payments on mortgages. This ZIP code is located within Sac County. This is $605 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51450 has higher property taxes. ZIP codes with similar effective rates include 50483 (0.82%) and 50630 (0.83%).

In Lake View, property taxes represent approximately 1.9% of the median household income of $77,619, providing context for the relative tax burden on homeowners in this area.

Iowa reassesses property at market value every four years during the general reassessment cycle; your purchase price triggers a new assessment that becomes the base for future valuations. Sac County offers a Homestead Exemption that reduces assessed value for primary residences — contact the Sac County Assessor's office to file immediately after closing. Request a copy of your assessment notice and note the appeal deadline, typically 30 days from the notice date, to challenge any overvaluation.