Lake Mills, IA — income, home value, property tax, and sales tax.
In ZIP code 50465, near Lake Mills, homes carry a median value of $49,000, and the county's 1.32% effective property tax rate works out to roughly $647 a year on a house at that price. With median household income at $42,386 and per-capita income of $27,220, that tax bill takes up a little under 2% of a typical household's annual earnings. Sales taxes add 7.00% at checkout. Low home values keep entry costs down, though incomes here also run below many parts of the state.
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