52225 Property Tax Rate

Property owners in ZIP code 52225 (Elberon, Iowa) pay a median of $1,632/year in property taxes on homes valued at $144,300. This translates to an effective tax rate of 1.13%, which is 11% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52225 is approximately $136, which factors into escrow payments on mortgages. This ZIP code is located within Tama County. This is $433 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52225 has lower property taxes. ZIP codes with similar effective rates include 52042 (1.13%) and 52550 (1.13%).

In Elberon, property taxes represent approximately 2.7% of the median household income of $61,550, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap property tax increases at purchase or reassessment; the Tama County Assessor will establish your property value at market value with no state homestead exemption to protect against annual increases. Tama County provides local exemptions for seniors, disabled homeowners, and veterans—contact the Tama County Assessor to learn income limits, asset restrictions, and application deadlines. File your exemption claim with the Tama County Assessor by January 1 to ensure relief on the following tax year's bill.