52631 Property Tax Rate

Property owners in ZIP code 52631 (Houghton, Iowa) pay a median of $1,972/year in property taxes on homes valued at $237,500. This translates to an effective tax rate of 0.83%, which is 35% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52631 is approximately $164, which factors into escrow payments on mortgages. This ZIP code is located within Lee County.

Compared to similar ZIP codes in Iowa, 52631 has lower property taxes. ZIP codes with similar effective rates include 50567 (0.83%) and 50630 (0.83%).

In Houghton, property taxes represent approximately 1.9% of the median household income of $104,375, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — reassessment to market value occurs after your purchase, eliminating any grandfathered rate the prior owner may have had. Lee County offers a Homestead Exemption (owner-occupied) and Disabled Persons Tax Exemption; file with the county assessor's office. Apply for homestead exemption at the Lee County Assessor's office within 30 days of your purchase to ensure the exemption begins in the first tax year.