52754 Property Tax Rate

Property owners in ZIP code 52754 (Letts, Iowa) pay a median of $2,210/year in property taxes on homes valued at $196,300. This translates to an effective tax rate of 1.13%, which is 12% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52754 is approximately $184, which factors into escrow payments on mortgages. This ZIP code is located within Muscatine County.

Compared to similar ZIP codes in Iowa, 52754 has lower property taxes. ZIP codes with similar effective rates include 51342 (1.13%) and 50034 (1.13%).

In Letts, property taxes represent approximately 2.2% of the median household income of $100,417, 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 current market value occurs following purchase, potentially doubling your tax obligation compared to the prior owner's bill. Muscatine County offers a Homestead Exemption (primary residence) and Senior Citizen Property Tax Credit for owners 65+ with qualifying income; apply through the county assessor. File for homestead exemption with the Muscatine County Assessor within 30 days of closing to activate the exemption on your property record.