51462 Property Tax Rate

Property owners in ZIP code 51462 (Scranton, Iowa) pay a median of $1,401/year in property taxes on homes valued at $155,800. This translates to an effective tax rate of 0.90%, which is 30% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51462 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Greene County. This is $664 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51462 has higher property taxes. ZIP codes with similar effective rates include 51026 (0.90%) and 51648 (0.90%).

In Scranton, property taxes represent approximately 2.0% of the median household income of $70,625, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Greene County Assessor will value your property at fair market value with no state-imposed exemption to protect against annual increases. Greene County may provide exemptions for seniors, disabled homeowners, or veterans—contact the Greene County Assessor to confirm available programs and income limits. File any exemption application with the Greene County Assessor by December 31 to activate relief on the following tax year's bill.