Iowa Mortgage Calculator
Calculate your monthly payment in Iowa, with property tax included using the state's effective rate of 1.39%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Iowa: the numbers
Compared with the 0.92% national average, Iowa's effective property tax rate of 1.39% is well above the mark (51% higher). By rate, Iowa ranks 10th out of 50 when states are ordered from highest rate to lowest.
The median home value in Iowa is $208,000, and the median annual property tax bill is $2,897. Spread over twelve months, that is about $241 a month in property tax for a median-priced home.
| Effective property tax rate | 1.39% |
|---|---|
| Median home value | $208,000 |
| Median annual property tax | $2,897 |
| Rank by rate (1 = highest of 50) | 10 |
| Difference vs 0.92% national average | 0.47 points above (51% above) |
What this means for your monthly payment
Two worked examples for Iowa, using the figures above:
Example 1: the median home
$2,897 per year ÷ 12 = about $241 per month in property tax (median home value: $208,000).
Example 2: a $300,000 home
$300,000 × 1.39% ÷ 12 = about $348 per month, or $4,170 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Iowa it is about $4,170, which is $1,410 more per year (about $118 more per month).
Compare with similar states
States ranked just above and just below Iowa by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
Ranked just below (lower rate)
- Ohio — 1.31% (rank 11)
- Pennsylvania — 1.30% (rank 12)
- Kansas — 1.29% (rank 13)
- Michigan — 1.25% (rank 14)
- Rhode Island — 1.21% (rank 15)
Iowa property tax FAQ
What is the property tax rate in Iowa?
The effective property tax rate in Iowa is 1.39%. That is 51% above the 0.92% national average, and the state ranks 10th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Iowa?
At Iowa's effective rate of 1.39%, property tax on a $300,000 home works out to about $4,170 per year, or about $348 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Iowa is about $1,410 more per year.
How much is property tax on the median home in Iowa?
The median home value in Iowa is $208,000, and the median annual property tax is $2,897, which is about $241 per month.
Does the property tax rate vary inside Iowa?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 1.39% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.