52567 Property Tax Rate

Property owners in ZIP code 52567 (Libertyville, Iowa) pay a median of $2,153/year in property taxes on homes valued at $179,000. This translates to an effective tax rate of 1.20%, which is 6% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52567 is approximately $179, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County.

Compared to similar ZIP codes in Iowa, 52567 has higher property taxes. ZIP codes with similar effective rates include 50457 (1.20%) and 52254 (1.20%).

In Libertyville, property taxes represent approximately 2.7% of the median household income of $79,265, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — your property will be reassessed at market value following purchase, potentially doubling or tripling your tax bill from the prior owner's amount. Jefferson County offers a Homestead Exemption for primary residences and a Military Service Tax Exemption for veterans; apply directly to the assessor's office. Contact the Jefferson County Assessor immediately after closing to file for homestead exemption and review your property record for accuracy before the deadline.