52573 Property Tax Rate

Property owners in ZIP code 52573 (Mount Sterling, Iowa) pay a median of $1,250/year in property taxes on homes valued at $112,500. This translates to an effective tax rate of 1.11%, which is 13% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52573 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Van Buren County. This is $815 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52573 has higher property taxes. ZIP codes with similar effective rates include 50460 (1.11%) and 50476 (1.11%).

Iowa does not cap assessed value growth at purchase or annually — full market-value reassessment occurs after your purchase, resetting your tax base regardless of prior owner's tax history. Van Buren County offers a Homestead Exemption (owner-occupied) and Disabled Persons Exemption; file within the assessor's office timeframe. Submit your homestead exemption application to the Van Buren County Assessor within 30 days of purchase to ensure the exemption applies to your first tax year.