52549 Property Tax Rate

Property owners in ZIP code 52549 (Cincinnati, Iowa) pay a median of $1,068/year in property taxes on homes valued at $113,400. This translates to an effective tax rate of 0.94%, which is 26% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52549 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Appanoose County. This is $997 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52549 has lower property taxes. ZIP codes with similar effective rates include 51245 (0.94%) and 50165 (0.94%).

In Cincinnati, property taxes represent approximately 1.8% of the median household income of $60,179, 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 after purchase, which will likely increase your property tax burden significantly. Appanoose County offers a Homestead Exemption for owner-occupied homes and a Military Service Tax Exemption for qualifying veterans; contact the assessor's office to apply. Register for homestead exemption with the Appanoose County Assessor within 30 days of your purchase closing date.