52536 Property Tax Rate

Property owners in ZIP code 52536 (Blakesburg, Iowa) pay a median of $1,598/year in property taxes on homes valued at $140,000. This translates to an effective tax rate of 1.14%, which is 11% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52536 is approximately $133, which factors into escrow payments on mortgages. This ZIP code is located within Wapello County. This is $467 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52536 has lower property taxes. ZIP codes with similar effective rates include 52068 (1.14%) and 50606 (1.14%).

In Blakesburg, property taxes represent approximately 2.7% of the median household income of $59,750, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — expect reassessment to market value following your purchase, raising your annual tax liability compared to the previous owner's bill. Wapello County offers a Homestead Exemption (primary residence) and Senior Citizen Property Tax Credit for owners 65+ earning below threshold; apply through the county assessor. File your homestead exemption claim with the Wapello County Assessor within 30 days of closing to lock in the exemption for future years.