52245 Property Tax Rate

Property owners in ZIP code 52245 (Iowa City, Iowa) pay a median of $5,162/year in property taxes on homes valued at $293,300. This translates to an effective tax rate of 1.76%, which is 38% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52245 is approximately $430, which factors into escrow payments on mortgages. This ZIP code is located within Johnson County. This is $3,097 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52245 has lower property taxes. ZIP codes with similar effective rates include 50320 (1.76%) and 50477 (1.76%).

In Iowa City, property taxes represent approximately 6.8% of the median household income of $75,876, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — your home will be reassessed to current market value, which can increase your tax bill substantially after purchase. Johnson County offers a Homestead Exemption for owner-occupied homes and an Agricultural Land Tax Credit for qualifying rural parcels; file with the assessor within 30 days of closing. Contact the Johnson County Assessor's office to register for homestead exemption and request a copy of your Notice of Assessment to verify the valuation is accurate.