52620 Property Tax Rate

Property owners in ZIP code 52620 (Bonaparte, Iowa) pay a median of $2,086/year in property taxes on homes valued at $166,200. This translates to an effective tax rate of 1.26%, which is near the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52620 is approximately $174, which factors into escrow payments on mortgages. This ZIP code is located within Van Buren County.

Compared to similar ZIP codes in Iowa, 52620 has lower property taxes. ZIP codes with similar effective rates include 51540 (1.26%) and 52144 (1.26%).

In Bonaparte, property taxes represent approximately 3.1% of the median household income of $66,938, providing context for the relative tax burden on homeowners in this area.

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.