51640 Property Tax Rate

Property owners in ZIP code 51640 (Hamburg, Iowa) pay a median of $1,684/year in property taxes on homes valued at $120,400. This translates to an effective tax rate of 1.40%, which is 10% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 51640 is approximately $140, which factors into escrow payments on mortgages. This ZIP code is located within Fremont County. This is $381 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 51640 has higher property taxes. ZIP codes with similar effective rates include 50436 (1.40%) and 50845 (1.40%).

In Hamburg, property taxes represent approximately 2.7% of the median household income of $62,241, providing context for the relative tax burden on homeowners in this area.

Iowa reassesses all properties at fair market value every four years through the county assessor's triennial cycle, with full revaluation occurring at sale. Fremont County offers a Homestead Property Tax Credit for eligible primary residence owners — contact the Fremont County Assessor's office to apply based on your household income and property value. File your homestead exemption claim with the Fremont County Assessor within 30 days of purchase to ensure you receive tax relief starting in the next assessment year.