Property Taxes in Iowa
Iowa's effective property tax rate is 1.23%, ranking #40 out of 50 states (1 = lowest). The median annual property tax paid is $2,522.
Tax Rate
1.23%
Median Annual Tax
$2,522
National Rank
#40 of 50
1 = lowest
Homestead Exemption
Yes
Ad — In-Content
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,460 | $205 |
| $300,000 | $3,690 | $308 |
| $400,000 | $4,920 | $410 |
| $500,000 | $6,150 | $513 |
| $750,000 | $9,225 | $769 |
* Based on the average effective rate of 1.23%. Actual rates vary by county and municipality.
Ad — In-Content
Homestead Exemption in Iowa
✓Homestead Exemption Available
Unlimited value, up to 1/2 acre in city
File for the homestead exemption after purchasing your primary residence in Iowa to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Iowa Compares
Ad — 300x250 Rectangle
