52552 Property Tax Rate

Property owners in ZIP code 52552 (Drakesville, Iowa) pay a median of $2,037/year in property taxes on homes valued at $201,900. This translates to an effective tax rate of 1.01%, which is 21% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52552 is approximately $170, which factors into escrow payments on mortgages. This ZIP code is located within Davis County.

Compared to similar ZIP codes in Iowa, 52552 has higher property taxes. ZIP codes with similar effective rates include 51014 (1.01%) and 50166 (1.01%).

In Drakesville, property taxes represent approximately 3.3% of the median household income of $61,705, 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 upon sale, resulting in a new, potentially much higher tax bill. Davis County offers a Homestead Exemption for primary residences and a Senior Citizen Exemption (age 65+); apply with the county assessor. File your homestead exemption with the Davis County Assessor within 30 days of closing to secure the exemption and prevent overpayment of taxes.