The rate in context
On a $400,000 home, 1.33% means roughly $5,320 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
The state rollback limits annual growth in taxable value; homestead and military service credits trim bills further.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Iowa
FAQ
What is the average property tax rate in Iowa?
The average effective property tax rate in Iowa is about 1.33%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Iowa property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. The state rollback limits annual growth in taxable value; homestead and military service credits trim bills further.