Davis City, IA — income, home value, property tax, and sales tax.
In ZIP code 50262, which takes in Davis City, households earn a median of $81,875 a year, while per-capita income comes to $45,749. Homes here carry a median value of $83,800, and the county's 1.61% effective property tax rate works out to roughly $1,350 annually on such a house — a light pull on a five-figure income. Sales tax across the area runs 7.00%, so everyday purchases take a steady cut. With earnings outpacing home prices by a wide margin, many local budgets can absorb both taxes without much strain.
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