Iowa taxes at a glance
Property, income and vehicle taxes side by side, plus what a typical mortgage costs here this week. Rates from the Tax Foundation and Lincoln Institute; mortgage rate from Freddie Mac via FRED.
Property tax
1.38%
effective rate on owner-occupied homes, 2023 · rank 11 of 50 (1 = highest)
On a $400,000 home that is about $5,520 a year, or $460 a month in escrow.
Income tax
3.80%
Flat 3.80% · 2025
On $75,000 of taxable income a flat 3.80% is about $2,850 a year.
What a $400,000 home costs here this week 20% down, 30-year fixed at 7.32% (Freddie Mac, 2026-10-22)
$2,198principal & interest
$460property tax (escrow)
$2,658before insurance & HOA
7.54%60-month new-car loan (banks, 2026-08)
Vehicle sales tax
5% one-time registration fee (in place of sales tax) · trade-in credit: Yes. Full table with doc-fee caps: car sales tax by state.
Sources: property tax: Lincoln Institute of Land Policy 50-State Property Tax Comparison Study and Tax Foundation, tax year 2023. Income tax: Tax Foundation, State Individual Income Tax Rates and Brackets, 2025. Vehicle sales tax: state revenue departments (see the table). Mortgage rate: Freddie Mac PMMS via FRED MORTGAGE30US, 2026-10-22. Local rates, exemptions (homestead, senior, veteran) and county add-ons change the real bill.
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