52654 Property Tax Rate

Property owners in ZIP code 52654 (Wayland, Iowa) pay a median of $2,330/year in property taxes on homes valued at $140,400. This translates to an effective tax rate of 1.66%, which is 30% above the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52654 is approximately $194, which factors into escrow payments on mortgages. This ZIP code is located within Henry County. This is $265 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52654 has higher property taxes. ZIP codes with similar effective rates include 50220 (1.66%) and 50158 (1.66%).

In Wayland, property taxes represent approximately 2.9% of the median household income of $81,667, providing context for the relative tax burden on homeowners in this area.

Iowa does not cap assessed value growth at purchase or annually — expect full reassessment to market value after purchase, resulting in a reset of your tax base and higher annual taxes. Henry County offers a Homestead Exemption for owner-occupied homes and Military Service Tax Exemption for veterans; file with the assessor. Submit your homestead exemption application to the Henry County Assessor within 30 days of your purchase closing.