52772 Property Tax Rate

Property owners in ZIP code 52772 (Tipton, Iowa) pay a median of $2,561/year in property taxes on homes valued at $213,600. This translates to an effective tax rate of 1.20%, which is 6% below the Iowa state average of 1.28%.

The monthly property tax burden for a median-valued home in 52772 is approximately $213, which factors into escrow payments on mortgages. This ZIP code is located within Cedar County. This is $496 more than the Iowa average of $2,065/year.

Compared to similar ZIP codes in Iowa, 52772 has higher property taxes. ZIP codes with similar effective rates include 50447 (1.20%) and 52101 (1.20%).

In Tipton, property taxes represent approximately 3.2% of the median household income of $80,997, 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 based on the county assessor's market valuation, potentially increasing significantly after sale. Cedar County offers a Homestead Exemption for primary residences (amount varies; check with assessor) and Military Service Tax Exemption for qualifying veterans. Contact the Cedar County Assessor's office immediately after closing to file for homestead exemption and confirm your assessed value on the property record.