52640 Property Tax Rate

Property owners in ZIP code 52640 (Morning Sun, Iowa) pay a median of $1,929/year in property taxes on homes valued at $126,000. This translates to an effective tax rate of 1.53%, which is 20% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52640 is approximately $161, which factors into escrow payments on mortgages. This ZIP code is located within Louisa County.

Compared to similar ZIP codes in Iowa, 52640 has higher property taxes. ZIP codes with similar effective rates include 50201 (1.53%) and 50008 (1.53%).

In Morning Sun, property taxes represent approximately 2.8% of the median household income of $70,000, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — your home will be reassessed at market value upon purchase, likely raising your property tax bill well above the prior owner's amount. Louisa County offers a Homestead Exemption for primary residences and a Senior Citizen Exemption (age 65+); contact the assessor to apply. File your homestead exemption with the Louisa County Assessor within 30 days of closing to secure the exemption and lock in the benefit.