52580 Property Tax Rate

Property owners in ZIP code 52580 (Packwood, Iowa) pay a median of $1,750/year in property taxes on homes valued at $112,200. This translates to an effective tax rate of 1.56%, which is 22% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52580 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $315 less than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52580 has lower property taxes. ZIP codes with similar effective rates include 52036 (1.56%) and 50676 (1.56%).

In Packwood, property taxes represent approximately 4.0% of the median household income of $44,009, 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.