52340 Property Tax Rate

Property owners in ZIP code 52340 (Tiffin, Iowa) pay a median of $4,807/year in property taxes on homes valued at $317,900. This translates to an effective tax rate of 1.51%, which is 18% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52340 is approximately $401, which factors into escrow payments on mortgages. This ZIP code is located within Johnson County. This is $2,742 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52340 has lower property taxes. ZIP codes with similar effective rates include 52349 (1.51%) and 51534 (1.51%).

In Tiffin, property taxes represent approximately 4.6% of the median household income of $105,517, 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.